Meeting Details

  • Date: Monday, 28th September, 2026
  • Time: 10:00 a.m.
  • Location: Conducted through Video Conferencing / Other Audio Visual Means (VC / OAVM)
  • Type: 40th Annual General Meeting
  • Chairperson: Mr. Dinesh Mukati, Non-Executive Chairman and Independent Director

Proposed Resolutions and Implications

The following 13 resolutions were proposed for shareholder approval:

Ordinary Business

1. Ordinary Resolution: To consider and adopt audited standalone and consolidated financial statements of the Company for the financial year ended on 31st March, 2026 together with report of Board of Directors and Auditors' Report thereon. The qualified opinion mentioned in the Auditors Report and Secretarial Audit Report as well as the explanations/comments thereof, given by the Board of Directors in their Report were read by the Company Secretary.

2. Ordinary Resolution: To appoint a Director in place of Mr. Suraj Bhandari (DIN: 07296523), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.

Special Business

3. Special Resolution: Appointment of Mr. Raj Kumar Bansal (DIN: 00122506) as an Independent Director of the Company.

4. Ordinary Resolution: Appointment of Mr. Rajesh Bhalchandra Patel (DIN: 02735027) as a Non-Executive Non-Independent Director of the Company.

5. Ordinary Resolution: Appointment of Mr. Harish Mukati (DIN: 03214401) as a Director of the Company, liable to retire by rotation.

6. Special Resolution: Appointment of Mr. Harish Mukati (DIN: 03214401) as a Whole Time Director & Chief Executive Officer of the Company.

7. Ordinary Resolution: Appointment of Mr. Davesh Khandelwal (DIN: 02997266) as a Director of the Company, liable to retire by rotation.

8. Special Resolution: Appointment of Mr. Davesh Khandelwal (DIN: 02997266) as a Whole Time Director of the Company.

9. Ordinary Resolution: To ratify the remuneration of the Cost Auditor for the financial year ending on 31st March, 2027.

10. Ordinary Resolution: To approve material related party transactions with Arvindbhai Steel Private Limited.

11. Ordinary Resolution: To approve material related party transactions with Powertrans Electric Co. Private Limited.

12. Ordinary Resolution: To approve material related party transactions with Emnis Systems Private Limited.

13. Ordinary Resolution: To approve material related party transactions with Powertrans Electro Control.

Voting Process and Methods

  • Remote e-voting period: Commenced on Friday, 25th September, 2026 at 9:00 a.m. and ended on Sunday, 27th September, 2026 at 5:00 p.m.
  • E-voting at meeting: The Company provided e-voting facility to shareholders present at the 40th AGM through VC/OAVM who had not cast their vote earlier through remote e-voting.
  • Proxy voting: Pursuant to MCA Circulars and SEBI LODR Regulations, 2015, proxy was not allowed to be appointed to attend and vote at the AGM on behalf of members who were not able to attend.

Scrutinizer Appointment

Mr. Arvind Gaudana, Senior Partner or failing him Mr. Bhavya Gaudana, Partner of M/s. Gaudana & Gaudana, Practising Company Secretaries, was appointed as Scrutinizer by the Board to scrutinize votes cast through remote e-voting and e-voting at the 40th AGM in a fair and transparent manner.

Key Voting Outcomes

The document states that voting results as required under Regulation 44(3) of the SEBI LODR Regulations, 2015 will be submitted separately. No specific voting outcomes are provided in this document.

Compliance Confirmation

The meeting was conducted in compliance with the applicable provisions of the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations, 2015"), and circulars issued by Ministry of Corporate Affairs ("MCA").

Attendance

Board of Directors Present:

1. Mr. Dinesh Mukati - Non-Executive Chairman and Independent Director

2. Mr. Shailesh Bhandari - Executive Vice Chairman and Chairman of CSR Committee

3. Mr. Suraj Bhandari - Managing Director

4. Mr. Harish Mukati - Additional Director and Whole Time Director & Chief Executive Officer

5. Mr. Tushar Jani - Whole Time Director

6. Mr. Pratap Mohan - Independent Director and Chairman of Audit Committee

7. Mr. Rajesh Patel - Additional Director in the category of Non-Executive Non-Independent Director

8. Ms. Nivedita R. Sarda - Independent Director and Chairperson of Stakeholders Relationship Committee

9. Mr. Davesh Khandelwal - Additional Director and Whole Time Director

Other Attendees:

  • CA Akshit R. Shah, Partner of M/s. Hitesh Prakash Shah & Co., Chartered Accountants, the Statutory Auditors
  • CS Bharat Prajapati, Proprietor of M/s. Bharat Prajapati & Co., Practicing Company Secretary, Secretarial Auditor
  • CS Bhavya Gaudana, Partner of M/s. Gaudana & Gaudana, Practising Company Secretaries, Scrutinizer

Additional Proceedings

  • The Company Secretary welcomed members and explained the procedure of participation through VC/OAVM.
  • Mr. Dinesh Mukati, Chairman and Mr. Suraj Bhandari, Managing Director addressed and appraised shareholders about business affairs during FY26.
  • Annual Report and Notice were dispatched to shareholders by email, with web-link provided for those without registered email.
  • A Q&A session was conducted where speaker shareholders asked various questions addressed by Mr. Suraj Bhandari.
  • Shareholders were requested to register email IDs and convert physical shares to dematerialized form.
  • The meeting concluded at 11:07 a.m.