Meeting Details

The 13th Annual General Meeting was held on Monday, September 28, 2026 at 11:00 a.m. (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM), without physical presence of shareholders. The meeting was conducted in compliance with relevant circulars issued by the Ministry of Corporate Affairs and SEBI, as well as provisions of the Companies Act, 2013 and SEBI Listing Regulations.

Proposed Resolutions and Implications

Seven resolutions were proposed and voted upon:

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors

2. To appoint Mr. Rajesh Nanalal Shah (DIN: 02038392) as Director who retires by rotation (promoter interested)

3. Ratification of remuneration payable to cost auditors

4. To approve re-appointment of Mr. Rajesh Nanalal Shah as Managing Director (promoter interested)

5. To approve re-appointment of Mr. Divyam Rajesh Shah as Whole-time Director (promoter interested)

Special Business:

6. Appointment of Mr. Rajesh Nagardas Gandhi (DIN: 02644916) as Non-Executive Independent Director

7. Appointment of Mr. Samarth Ishwar Bhimani (DIN: 11873660) as Non-Executive Independent Director

Voting Process and Methods

The company provided remote e-voting facility through NSDL from Friday, September 25, 2026 at 09:00 a.m. (IST) to Sunday, September 27, 2026 till 5:00 p.m. (IST). Additionally, e-voting facility was provided to shareholders present at the AGM through VC/OAVM who had not cast their vote earlier.

The book closure period was from Tuesday, September 22, 2026 to Monday, September 28, 2026 (both days inclusive). Shareholders holding shares as on September 21, 2026 were entitled to vote.

Key Voting Outcomes

Shareholder Participation:

  • Total number of shareholders on Record Date: 3,243
  • Shareholders attended meeting through Video Conferencing: 46
  • Promoters and Promoter Group: 7
  • Public: 39
  • No shareholders were present in person

Resolution-wise Voting Results:

All resolutions received identical voting patterns:

  • Total votes polled: 19,926,105 shares (81.331% of outstanding shares)
  • Votes in favor: 19,926,100 shares (99.99% of votes polled)
  • Votes against: 5 shares (0.00% of votes polled)

Category-wise Breakdown:

  • Promoter and Promoter Group: 15,662,492 shares voted (100% of their holding), all in favor
  • Public Institutions: 317,000 shares held, 0 votes polled (0% participation)
  • Public Non-Institutions: 8,520,508 shares held, 4,378,073 votes polled (51.383% participation), with 4,378,068 in favor and 5 against

Scrutinizer's Role and Findings

Ms. Kala Agarwal, Practicing Company Secretary (Membership No. 5976 & Certificate of Practice No. 5356), was appointed as Scrutinizer to review the remote e-voting and e-voting conducted during the AGM.

The scrutinizer downloaded data from NSDL e-voting system (https://www.evoting.nsdl.com) in the presence of two witnesses not employed by the company. The report confirms:

  • 62 members voted in favor across all resolutions with 20,040,560 valid votes cast (100% of valid votes)
  • 5 members voted against across all resolutions with 5 valid votes cast (0.0% of valid votes)
  • No invalid votes were cast
  • All seven resolutions were passed with requisite majority

The scrutinizer is maintaining the register received from NSDL electronically and will hand over these records to authorized directors for safe keeping after the Chairman signs the Minutes.

Compliance Confirmation

The meeting and voting process complied with:

  • MCA General Circulars No. 14/2020, 17/2020, 20/2020, 02/2021, 21/2021, 2/2022, 10/2022, 9/2024, and 03/2025
  • SEBI Circulars dated May 12, 2020, January 15, 2021, May 13, 2022, January 5, 2023, and October 03, 2024
  • Section 108 & 109 of the Companies Act, 2013
  • Rule 20 & 21(2) of the Companies (Management and Administration) Rules, 2014
  • SEBI Listing Regulations