Meeting Details

The 7th Annual General Meeting was held on Monday, July 27, 2026, through Video Conferencing (VC)/Other Audio Visual Means (OVAM) at 3.30 p.m. The meeting was convened based on the notice dated May 6, 2026.

Attendance and Leadership

Shri Nahoosh Jariwala, Chairman and Managing Director, chaired the meeting. The Chairman & Managing Director, Independent Directors/Chairmen of various Committees of the Board of Directors, Chief Financial Officer, Company Secretary, Statutory Auditors, Scrutinizer and other panelists of the Company joined through video conferencing means.

Voting Process

The Company provided remote e-voting facility to shareholders pursuant to Regulation 44(1) of SEBI (LODR) Regulations, 2015 and Section 108 of the Companies Act, 2013. Remote e-voting commenced on July 22, 2026 at 1.00 p.m. and ended on July 26, 2026 at 5.00 p.m. Members present at the AGM who had not cast votes through remote e-voting were provided opportunity to cast votes during and within 15 minutes after conclusion of the meeting through e-voting.

Scrutinizer Appointment

The Board of Directors appointed Shri Uday Dave, Partner of M/s. Parikh Dave & Associates, Practicing Company Secretaries, Ahmedabad as the Scrutinizer for remote e-voting and e-voting process.

Resolutions Considered

The following resolutions were put to vote at the meeting:

Ordinary Business

1. Adoption of Audited Financial Statements for the year ended March 31, 2026 together with Directors' Report and Auditors' Report (Remote E-voting and e-voting, Ordinary Resolution)

2. Declaration of Final Dividend of ₹1.00 (10%) per equity share for financial year ended March 31, 2026 (Remote E-voting and e-voting, Ordinary Resolution)

3. Appointment of Director in place of Shri Sumit Maheshwari (DIN: 06920646) who retires by rotation and offers himself for re-appointment (Remote E-voting and e-voting, Ordinary Resolution)

Special Business

4. Re-appointment of Shri Nahoosh Jariwala (DIN: 00012412) as Managing Director for further period of three years w.e.f. August 13, 2026 to August 12, 2029 (Remote E-voting and e-voting, Special Resolution)

5. Re-appointment of Shri Sudhin Choksey (DIN: 00036085) as an Independent Director for second term of five consecutive years with effect from February 11, 2027 (Remote E-voting and e-voting, Special Resolution)

6. Ratification of remuneration payable to Cost Auditors for FY 2026-27 (Remote E-voting and e-voting, Ordinary Resolution)

Meeting Proceedings

The Chairman welcomed shareholders and provided a brief introduction of the Company's working. The Notice, Directors' report and Auditors' report were taken as read. Necessary registers and documents were made available for inspection by members during the meeting on online basis. Five shareholders who had registered as speakers spoke during the meeting.

Result Announcement

The combined result of remote e-voting and e-voting shall be announced within two working days of the conclusion of the AGM on receipt of the Scrutinizer's Report.

Meeting Duration

The meeting was concluded at 3:55 PM, lasting approximately 25 minutes.