AGM Details
The 24th Annual General Meeting will be held on Tuesday, August 18, 2026, at 11:00 a.m. (IST) through Video Conferencing / Other Audio Visual Means without physical presence of members.
Ordinary Business Items
1. Adoption of Financial Statements
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.
2. Declaration of Final Dividend
To declare a Final Dividend of ₹11/- (Rupees Eleven only) per equity share of face value of ₹5/- each for the Financial Year 2025-26.
3. Appointment of Director
To appoint Mr. Nikhil Kamat (DIN: 00107233), who retires by rotation and being eligible, offers himself for re-appointment.
4. Ratification of Cost Auditor Remuneration
To ratify remuneration of ₹4,00,000/- (Rupees Four Lakhs Only) excluding all taxes and reimbursement of out-of-pocket expenses payable to M/s. Y. R. Doshi & Associates, Cost Accountants (Firm Registration No. 000286) for conducting audit of cost records for FY 2026-27.
Special Business Items
5. Appointment of Independent Director
To appoint Mr. Shailendra Nadkarni (DIN: 03401830) as Non-Executive Independent Director for a first term of 5 consecutive years with effect from May 19, 2026, upto May 18, 2031. He was appointed as Additional Director effective May 19, 2026, based on recommendations of Nomination and Remuneration Committee and Board approval.
6. Revision in Remuneration of Executive Directors
Approval sought for revision in monthly salary with effect from April 01, 2026, for the following directors:
- Mr. Mukesh Shah (DIN: 00106799, Chairman and Whole-Time Director): Salary of ₹56,35,000/- per month or such higher salary not exceeding ₹75,00,000/- per month (increased from previous limit of ₹50,00,000/-)
- Mr. Jayen Shah (DIN: 00106919, Managing Director): Salary of ₹56,35,000/- per month or such higher salary not exceeding ₹75,00,000/- per month (increased from previous limit of ₹50,00,000/-)
- Mr. Tushar Shah (DIN: 00107144, Whole-Time Director and CEO): Salary of ₹56,35,000/- per month or such higher salary not exceeding ₹75,00,000/- per month (increased from previous limit of ₹50,00,000/-)
- Mr. Bimal Shah (DIN: 03424880, Whole-Time Director): Salary of ₹56,35,000/- per month or such higher salary not exceeding ₹75,00,000/- per month (increased from previous limit of ₹50,00,000/-)
- Mr. Nikhil Kamat (DIN: 00107233, Whole-Time Director): Salary of ₹23,00,000/- per month or such higher salary not exceeding ₹40,00,000/- per month (increased from previous limit of ₹30,00,000/-)
All other terms and conditions of their appointments remain unchanged. In event of loss or inadequacy of profits, the above remuneration will be paid as minimum remuneration subject to applicable provisions.
Dividend Details
- Record Date for dividend: Friday, July 31, 2026
- Dividend payment will be made electronically from 6th day after AGM conclusion
- TDS will be applicable as per Income Tax Act, 2025
- No tax deduction if dividend does not exceed ₹10,000/- for resident individual shareholders
Voting Arrangements
- Remote e-voting period: August 13, 2026 (9:00 a.m.) to August 17, 2026 (5:00 p.m.)
- Cut-off date for voting: Tuesday, August 11, 2026
- E-voting Event Number (EVEN): 9945
- Scrutiniser: Mr. Kartik Shah, Proprietor of M/s. KS & Associates, Company Secretaries
Director Shareholdings
- Mr. Mukesh Shah: 20,20,514 equity shares
- Mr. Jayen Shah: 49,16,366 equity shares
- Mr. Tushar Shah: 49,16,366 equity shares
- Mr. Bimal Shah: 20,20,514 equity shares
- Mr. Nikhil Kamat: 19 equity shares
- Mr. Shailendra Nadkarni: Nil