AGM Details

The 10th Annual General Meeting will be held on Thursday, August 27, 2026 at 03:00 PM IST through Video Conferencing/Other Audio Visual Means (VC/OAVM) in accordance with MCA and SEBI circulars. The deemed venue is the Registered Office at Flair House, Plot No. A/64, Cross Road – A, Marol Ind. Area, MIDC, Andheri (East), Mumbai – 400093.

Remote E-Voting Details

Pursuant to Section 108 of Companies Act, 2013 and Regulation 44 of SEBI LODR Regulations, remote e-voting facility is provided through MUFG Intime India Private Limited. The voting period commences on Monday, August 24, 2026 at 09:00 AM IST and ends on Wednesday, August 26, 2026 at 05:00 PM IST.

Business Items for AGM

Ordinary Business:

1. Adoption of Financial Statements: To receive, consider and adopt Audited Financial Statements (Standalone and Consolidated) for financial year ended March 31, 2026 with Reports of Board of Directors and Auditors.

2. Dividend Declaration: To declare final dividend of ₹0.50 per equity share of ₹5 each for financial year ended March 31, 2026.

  • Record Date: Wednesday, August 19, 2026
  • Total cash outflow: Approximately ₹5.27 crore
  • TDS applicable as per Income Tax Act, 2025 provisions

3. Director Re-appointment: To appoint Mr. Vimalchand Jugraj Rathod (DIN: 001223007) who retires by rotation and offers himself for re-appointment.

4. Director Re-appointment: To appoint Mr. Mohit Khubilal Rathod (DIN: 00122951) who retires by rotation and offers himself for re-appointment.

5. Statutory Auditor Appointment: To appoint M/s Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) as Statutory Auditors for five consecutive years from FY 2026-27 until conclusion of 15th AGM.

  • Remuneration: ₹55,00,000 per annum (excluding applicable taxes and reimbursement of out-of-pocket expenses)
  • Current auditors M/s Jeswani & Rathore (Firm Registration No. 104202W) completed maximum permissible tenure under Section 139(2)
  • Remuneration paid to current auditors during FY26: ₹36 lakhs

Special Business:

6. Re-appointment of Whole-time Director: To re-appoint Mr. Mohit Khubilal Rathod (DIN: 00122951) as Whole-time Director for five years from April 1, 2027 to March 31, 2032.

  • Remuneration: Salary of ₹10 lakhs per month (scale of ₹10-20 lakhs per month) with performance-linked commission up to 1% of net profits
  • Perquisites: Company-maintained car, PF, Gratuity, Leave Encashment
  • In event of loss/inadequacy of profits, remuneration governed by Schedule V of Companies Act

7. Re-appointment of Whole-time Director: To re-appoint Mr. Sumit Vimalchand Rathod (DIN: 02987687) as Whole-time Director for five years from April 1, 2027 to March 31, 2032.

  • Remuneration: Salary of ₹10 lakhs per month (scale of ₹10-20 lakhs per month) with performance-linked commission up to 1% of net profits
  • Perquisites: Company-maintained car, PF, Gratuity, Leave Encashment
  • In event of loss/inadequacy of profits, remuneration governed by Schedule V of Companies Act

Record Date and Share Transfer Book Closure

The Register of Members and Share Transfer Books will remain closed from Thursday, August 20, 2026 to Thursday, August 27, 2026 (both days inclusive).

Dividend Tax Implications

  • Dividend taxable in hands of shareholders under Income Tax Act, 2025
  • TDS applicable at prescribed rates
  • No TDS if dividend received during FY 2026-27 does not exceed ₹10,000 for resident individual shareholders
  • Higher TDS rate of 20% if PAN not registered
  • Non-resident shareholders can avail beneficial tax treaty rates subject to documentation
  • Deadline for submission of Form 15G/15H and other declarations: Wednesday, August 19, 2026 (up to 6:00 PM IST)

Scrutinizer Appointment

Mr. Keshav Purohit, Partner, M/s KPUB & Co, Company Secretaries appointed as Scrutinizer to scrutinize voting process.

Results Declaration

Results along with Scrutinizer's Report will be placed on Company's website (www.flairworld.in) within two days of AGM.

Director Particulars (Annexure A)

Mr. Vimalchand Jugraj Rathod (DIN: 00123007)

  • Date of Birth: August 9, 1951
  • Director since: August 12, 2016
  • Qualifications: FCA, B.Com
  • Shareholding: 1,24,40,887 equity shares
  • Remuneration FY25-26: ₹84,00,000 per annum
  • Board Meetings attended: 7 out of 7

Mr. Mohit Khubilal Rathod (DIN: 00122951)

  • Date of Birth: September 30, 1978
  • Director since: August 12, 2016
  • Qualifications: BA (Business Administration)
  • Shareholding: 82,76,380 equity shares
  • Remuneration FY25-26: ₹84,00,000 per annum
  • Board Meetings attended: 5 out of 7

Mr. Sumit Vimalchand Rathod (DIN: 02987687)

  • Date of Birth: August 15, 1982
  • Director since: August 12, 2016
  • Qualifications: BA, Post Graduate Diploma in Management
  • Shareholding: 82,76,380 equity shares
  • Remuneration FY25-26: ₹84,00,000 per annum
  • Board Meetings attended: 4 out of 7