AGM Details

  • Date: Monday, September 28th, 2026
  • Time: 03:00 p.m.
  • Venue: Registered Office at 236 Jai Kishan Industrial Estate, Behind Murlidhar Weighbridge, Veraval-Shapar 360024, Dist: Rajkot (Gujarat) India

Ordinary Business Items

1. Adoption of Financial Statements

To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31st, 2026, including:

  • Audited Balance Sheet as at March 31st, 2026
  • Statement of Profit and Loss
  • Cash Flow Statement for the year ended March 31st, 2026
  • Reports of the Board of Directors and Auditors thereon

2. Reappointment of Director

To appoint Mr. Prashant Sudhir Khairnar (DIN: 11434708) who retires by rotation and is eligible for reappointment.

Special Business Items

3. Appointment of Statutory Auditors

To appoint M/s NKSC & Co., Chartered Accountants (Firm Registration No. 020076N) as Statutory Auditors to fill the casual vacancy caused by the resignation of existing auditors M/s. H. B. Kalaria and Associates (Firm Registration No. 104571W).

  • Tenure: Until the next AGM in 2026-27
  • Reason: Casual vacancy due to resignation of previous auditors effective 30th May 2026
  • Board Approval Date: 30th May 2026

4. Change in Designation of Director

To change designation of Mr. Prashant Sudhir Khairnar (DIN: 11434708) from Executive Director to Managing Director.

  • Effective Date: 17th December, 2025
  • Tenure: Until 16th December, 2030 (remaining period of existing tenure)
  • Remuneration: To be determined by Board within limits prescribed under Companies Act, 2013

5. Regularization of Executive Director

To regularize Mr. Kalpataru Bhogilal Shah (DIN: 11655140) as Executive Director.

  • Appointment Date: 9th April, 2026 as Additional Director
  • Proposed Tenure: 9th April, 2026 to 8th April, 2031
  • Role: Executive Director and Chief Financial Officer (CFO)

6. Regularization of Independent Director

To regularize Mr. Mukesh Jiut Yadav (DIN: 10778075) as Independent Director.

  • Appointment Date: 30th June, 2026 as Additional Director
  • Proposed Tenure: Five years from 30th June, 2026 to 29th June, 2031
  • Background: 5+ years experience in trading industry with expertise in commercial operations

7. Regularization of Independent Director

To regularize Ms. Bhawana Aswani (DIN: 11230587) as Independent Director.

  • Appointment Date: 30th June, 2026 as Additional Director
  • Proposed Tenure: Five years from 30th June, 2026 to 29th June, 2031
  • Background: 4+ years experience in finance, accounts, and corporate management

8. Share Subdivision (Stock Split)

To approve sub-division of each existing equity share of face value ₹10 into 10 equity shares of face value ₹1 each.

Capital Structure Impact:

  • Authorized Capital: Remains ₹30,00,00,000 but number of shares increases from 3,00,00,000 to 30,00,00,000
  • Paid-up Capital: Remains ₹15,89,07,220 but number of shares increases from 1,58,90,722 to 15,89,07,220
  • Record Date: To be determined by Board
  • Rationale: Improve liquidity, enhance affordability for retail investors, broaden market participation

9. Fundraising Through Convertible Loans

To approve raising of funds through secured/unsecured loans with option for conversion into equity shares.

  • Maximum Amount: ₹50,00,00,000 (Fifty Crore)
  • Conversion: At lender's option, either in whole or part of outstanding loan
  • Conversion Price: To be decided at time of conversion
  • Conversion Trigger: Upon default/inability of Company to repay as per Loan Agreement
  • Purpose: Business expansion and working capital requirements

Board Composition Changes

Resignations effective 30th March, 2026:

  • Nathabhai Jerambhai Sadaria (Managing Director)
  • Manoj Harsukhlal Shah (Whole Time Director)
  • Sanjay Jayantilal Patel (Whole Time Director)
  • Kiran Bavanjibhai Govani (Independent Director)
  • Ajay Ramjibhai Patel (Independent Director)
  • Jagdish Manshukhlal Shah (Independent Director)
  • Mausamiben Pareshbhai Sadaria (Women Director)

New Appointments:

  • Prashant Sudhir Khairnar (Executive Director from 17th December, 2025)
  • Kalpataru Bhogilal Shah (Executive Director and CFO from 9th April, 2026)
  • Mukesh Jiut Yadav (Independent Director from 30th June, 2026)
  • Bhawana Aswani (Independent Director from 30th June, 2026)

Other Resignations:

  • Abhay Vasantrao Galgate (Executive Director resigned 27th January, 2026)
  • Jay Narayan Nayak (Independent Director appointed 24th May 2024, resigned 2nd May, 2025)

Key Managerial Personnel

  • Chief Financial Officer: Kalpataru Bhogilal Shah (appointed w.e.f. 9th April, 2026, replacing Jayantilal Panchanbhai Kansagara who resigned 30th March, 2026)
  • Company Secretary and Compliance Officer: Utsavi Lalit Bhatia

Registered Office and Registrars

  • Registrar and Share Transfer Agent: MUFG Intime India Private Limited with offices in Mumbai and Ahmedabad

Voting Arrangements

  • E-voting Period: 25th September 2026 (9 a.m.) to 27th September 2026 (5 p.m.)
  • Cut-off Date: 21st September 2026
  • Scrutinizer: M/s Ramesh Chandra Bagdi & Associates, Practicing Company Secretary
  • Share Transfer Book Closure: 22nd September 2026 to 28th September 2026 (both days inclusive)

Financial Impact

  • Share subdivision will not change the total authorized or paid-up capital amount
  • Loan conversion may result in equity dilution up to ₹50 crore
  • Auditor change and director appointments have associated remuneration costs not quantified in disclosure