Meeting Details

  • AGM Date: Thursday, 25th June, 2026
  • Meeting Time: Commenced at 10:30 a.m. IST and concluded at 11:45 a.m. IST
  • Meeting Mode: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)

Attendance

Company Representatives:

  • Mr. Pradip Patel, Chairman (joined from Mumbai)
  • Mr. Rikenkumar Dalwadi, Company Secretary & Compliance Officer (joined from Vallabh Vidyanagar)
  • Mr. Kamlesh Shah, Executive Director
  • Mr. Prayasvin Patel, Executive Director
  • Mr. Vishal Begwani, Chief Financial Officer (joined from Vallabh Vidyanagar)
  • Mr. Amit Kumar, Business Head (joined from Vallabh Vidyanagar)

Committee Chairmen:

  • Mr. Venkatraman Srinivasan, Chairman of the Audit Committee
  • Mr. Jai Diwanji, Chairman of Nomination and Remuneration Committee
  • Mr. Prashant Amin, Chairman of Stakeholders' Relationship Committee

Independent Directors:

  • Mr. Sunil Vakil
  • Dr. Sonal Ambani

Auditors:

  • Ms. Neela Shah, Partner of M/s. K C Mehta & Co LLP (Statutory Auditors)
  • Mr. J. J. Gandhi, Proprietor of M/s. J. J. Gandhi (Secretarial Auditors for FY 2025-26)

Voting Procedures

  • Remote e-voting facility was provided through MUFG Intime India Private Limited (MUFG)
  • E-voting period: Monday, June 22, 2026 (9:00 a.m.) to Wednesday, June 24, 2026 (5:00 p.m.)
  • Shareholders who did not exercise remote e-voting could vote during the AGM through e-voting system, which remained open for 15 minutes after the meeting conclusion
  • Mr. J. J. Gandhi, Practicing Company Secretary, was appointed as the Scrutinizer to ensure fair and transparent e-voting process
  • Combined results of remote e-voting and AGM e-voting will be announced within statutory time limits and uploaded on company website, MUFG website, and submitted to stock exchanges

Business Transacted

The following items from the AGM Notice dated April 14, 2026 were considered and approved:

Ordinary Business:

1. Consideration and adoption of Audited Financial Statements for the financial year ended March 31, 2026, along with Reports of the Board of Directors and Auditors

2. Declaration of dividend on equity shares for the financial year ended March 31, 2026

3. Re-appointment of Mr. Prashant Amin (DIN: 01056652) who retires by rotation, as a Director

Special Business:

4. Ratification of remuneration payable to Cost Auditor of the Company for financial year ending March 31, 2027

Meeting Proceedings

  • Quorum was confirmed present by the Company Secretary
  • Chairman delivered a speech providing an overview of company operations and financial performance during Financial Year 2025-26
  • Notice convening the 52nd AGM and Board's Report were taken as read
  • The Company Secretary informed members that there were no qualifications in either the Statutory Auditors' Report or Secretarial Auditors' Report
  • Questions from shareholders (submitted in advance and during the meeting) were answered by Mr. Kamlesh Shah (Executive Director) and Mr. Vishal Begwani (CFO)
  • Mr. Vishal Begwani, CFO, delivered a vote of thanks