Meeting Details

The 21st Annual General Meeting was held on Wednesday, September 16, 2026, at 02:00 P.M. (IST) at Unit No. 1202, A Wing, Naman Midtown, S.B. Marg, Prabhadevi West, Mumbai, Maharashtra – 400013. The meeting concluded at 03:00 P.M. (IST).

Proposed Resolutions and Implications

Eight resolutions were proposed for shareholder approval:

Ordinary Business (Resolutions 1-3):

  • Resolution 1: Adoption of Audited Financial Statements (Standalone and Consolidated) for FY ended March 31, 2026
  • Resolution 2: Re-appointment of Mrs. Deepali Amit Sheth (DIN: 01141083) as director retiring by rotation
  • Resolution 3: Appointment of M/s. N. A. Shah Associates LLP (Firm Registration No: 116560W/W100149) as Statutory Auditors for 5 years

Special Business (Resolutions 4-8):

  • Resolution 4: Increase in overall managerial remuneration limit of Directors
  • Resolution 5: Re-appointment of Mr. Amit Vinod Sheth (DIN: 01468052) as Managing Director and remuneration
  • Resolution 6: Revision in remuneration payable to Mrs. Deepali Amit Sheth, Executive Director
  • Resolution 7: Revision in remuneration payable to Ms. Khushi Amit Sheth (DIN: 09351537), Non-Executive Non-Independent Director
  • Resolution 8: Revision in maximum remuneration limit for Mr. Jigar Bharat Ghelani, Sales Director of subsidiary Plus Light Tech F.Z.E

Voting Process and Methods

The Company provided remote e-voting facility through Bigshare Services Private Limited. The remote e-voting period was from Sunday, September 13, 2026 (9:00 A.M. IST) to Tuesday, September 15, 2026 (5:00 P.M. IST). Physical voting by ballot paper was conducted at the AGM. The cut-off date for determining voting eligibility was Friday, September 04, 2026.

Key Voting Outcomes

All resolutions were approved with 100% of votes cast in favor:

Ordinary Business Resolutions (1-3):

  • Total valid votes cast: 3,92,87,670 shares
  • Members voted: 47 (42 via remote e-voting, 5 via poll)
  • Votes in favor: 3,92,87,670 shares (100%)
  • Votes against: 0 shares (0%)
  • Invalid votes: 0

Special Business Resolutions (4-8):

  • Total valid votes cast: 17,93,801 shares
  • Members voted: 45 (40 via remote e-voting, 5 via poll)
  • Votes in favor: 17,93,801 shares (100%)
  • Votes against: 0 shares (0%)
  • Invalid votes: 0

Participation Breakdown

Total number of members as on record date (September 04, 2026): 20,532

Members present in meeting (in person or through proxy): 40

  • Promoters & Promoter Group: 2
  • Public: 38

No members attended through video conferencing.

Scrutinizer's Role and Findings

M/s. Mayank Arora & Co., Company Secretaries (Mayank Arora, Partner) was appointed as Scrutinizer. The scrutinizer witnessed the unblocking of remote e-voting results on September 16, 2026, after the AGM conclusion, with two independent witnesses: Ms. Nishita Gandhi and Ms. Krishna Patel. The scrutinizer verified that all voting processes were conducted fairly and transparently, and confirmed that all resolutions passed with requisite majority.

Compliance Confirmation

The voting process complied with the Companies Act, 2013, Companies (Management and Administration) Rules, 2014, MCA circulars, and SEBI LODR Regulations, 2015.

Additional Information

The electronic data and relevant records relating to voting are under the scrutinizer's safe custody and will be handed over to the Company Secretary for preservation after the Chairman approves and signs the AGM minutes.