Meeting Details

  • Date: Thursday, September 24, 2026
  • Time: 10:00 a.m. IST (concluded at 11:33 a.m.)
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Deemed Venue: Registered Office at 'FDC House, C-11 & 12, Dalia Industrial Estate, Oshiwara Village, Off New Link Road, Andheri - West, Mumbai - 400053, Maharashtra'
  • Meeting Type: 86th Annual General Meeting
  • Attendance: 64 members attended virtually

Proposed Resolutions

The following four items of business were put to vote at the AGM:

Ordinary Business:

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

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 along with Report of Auditors (Ordinary Resolution)

3. Re-appointment of Mr. Ashok Anand Chandavarkar (DIN: 00042719) as Executive Director (Ordinary Resolution)

Special Business:

4. Ratification of Remuneration payable to Cost Auditor for Financial Year 2026-2027 (Ordinary Resolution)

Voting Process

  • Voting Method: Remote e-voting through NSDL Portal
  • Cut-off Date: September 17, 2026 (for shareholder eligibility)
  • Voting Period: Commenced September 21, 2026 at 09:00 a.m. IST and ended September 23, 2026 at 05:00 p.m. IST
  • Post-Meeting Voting: The e-voting portal remained open for 15 minutes after conclusion of AGM proceedings
  • Scrutinizer: Mr. Sanjay Dholakia, Proprietor of M/s. Sanjay Dholakia & Associates, Practicing Company Secretary (CP No. 1798) was appointed to scrutinize votes cast through remote e-voting and e-voting at AGM

Compliance and Regulatory Framework

The meeting was conducted in compliance with:

  • General Circular No. 03/2025 dated September 22, 2025 issued by Ministry of Corporate Affairs (MCA)
  • Applicable SEBI Circulars
  • Companies Act, 2013 and rules made thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard on General Meetings (SS-2) issued by ICSI

Statutory registers were made available electronically for inspection during AGM. The Notice of AGM along with Annual Report for FY 2025-26 was sent electronically to members whose email addresses were registered with Company/Depositories/RTA.

Key Participants

Directors Present:

  • Mr. Mohan A. Chandavarkar (Chairman & Managing Director, Chairman - Corporate Social Responsibility Committee)
  • Mr. Nandan M. Chandavarkar (Joint Managing Director)
  • Mr. Ashok A. Chandavarkar (Executive Director)
  • Mr. Ameya A. Chandavarkar (CEO - International Business & Executive Director, Chairman of Risk Management Committee)
  • Ms. Nomita R. Chandavarkar (Non-Executive & Non-Independent Director)
  • Dr. Mahesh Bijlani (Independent Director, Chairman of Stakeholder Relationship Committee and Nomination and Remuneration Committee)
  • CA. Vijay Nautamlal Bhatt (Independent Director)
  • CA. Vijay Suresh Maniar (Independent Director, Chairman of Audit Committee)
  • Dr. Charuta Mandke (Independent Director)
  • CA. Kishore Saletore (Independent Director)

Key Managerial Persons:

  • Mr. Vishal D. Shah (Chief Financial Officer)
  • Ms. Varsharani Katre (Company Secretary & Legal Head)

Auditor/Scrutinizer:

  • Mr. Amar Sunder (Partner of BSR & Co. LLP, Statutory Auditor)
  • Mr. Sanjay Dholakia (Scrutinizer for e-voting)

Additional Information

The Chairman reported that Secretarial Audit Report and Auditor's Report for year ended March 31, 2026 contained no qualifications or adverse comments. The Company acknowledged the contributions of Mr. Uday Kumar Gurkar, Former Chairman & Independent Director who ceased to be director effective April 01, 2026. The voting results will be submitted separately to exchanges as required under Regulation 44 of SEBI Listing Regulations.