Event Overview

Meeting Details

The 32nd Annual General Meeting was held on Thursday, August 6, 2026 at 12:15 p.m. (IST) at the Registered Office of the Company at Dwarikesh Nagar – 246 762, District Bijnor, Uttar Pradesh. The meeting concluded at 2:00 p.m.

Shareholder Participation

  • Total shareholders as on cut-off/record date (July 30, 2026): 171,616 shareholders
  • Shareholders present in person or through proxy: 58 (Promoters & Promoter Group: 8, Public: 50)
  • Video conferencing attendance: Not Applicable

Agenda Items and Resolutions

The following businesses were transacted at the AGM:

Ordinary Business:

1. Adoption of Audited Financial Statements for the year ended March 31, 2026, together with Reports of the Board of Directors and the Auditors thereon (Ordinary Resolution)

2. Re-appointment of Shri B. J. Maheshwari (DIN: 00002075) who retires by rotation and offers himself for re-appointment (Ordinary Resolution)

3. Declaration of dividend on equity shares for the financial year ended March 31, 2026 (Ordinary Resolution)

Special Business:

4. Reappointment of Shri Gautam R. Morarka (DIN: 00002078) as Whole Time Director to be designated as Executive Chairman of the Company (Ordinary Resolution)

5. Fixation of remuneration of Shri Gautam R. Morarka (DIN: 00002078), Whole Time Director of the Company (Special Resolution)

6. Ratification of remuneration payable to the Cost Auditors for the financial year 2026–27 (Ordinary Resolution)

Key Proceedings

Shri Gautam R. Morarka, Chairman of the Board, chaired the meeting. Leave of absence was granted to Ms. Priyanka G. Morarka, Whole-time Director, due to pre-occupation.

The Chairman informed members that:

  • Statutory Registers and relevant documents under Companies Act, 2013 were available for inspection
  • Statutory Auditor's Report and Secretarial Audit Report for FY 2025–26 contained no qualifications, observations, or adverse remarks
  • Physical presence of Auditors was exempted pursuant to Section 145 of Companies Act, 2013
  • The company reviewed FY 2025–26 performance, highlighted achievements, and outlined growth strategies

Voting Process

Remote e-voting facility was provided through CDSL platform from Monday, August 3, 2026 at 9:00 a.m. to Wednesday, August 5, 2026 at 5:00 p.m. Physical voting was available at the venue for shareholders who had not cast their vote earlier.

Shri Vijay Kumar Mishra (FCS No. 4279) of M/s VKM & Associates, Company Secretaries, was appointed as Scrutinizer for the voting process.

Next Steps

  • Submitted to stock exchanges on or before August 8, 2026
  • Uploaded on the Company's website