Detailed Summary

Meeting Details

The 41st Annual General Meeting was held on Wednesday, August 12, 2026, at 11:00 AM (IST) through Video Conference (VC) / Other Audio Visual Means (OAVM).

Attendance

  • Total 53 shareholders were present through Video Conference and Audio-Visual Mode
  • Mr. Manhar G Gandhi, Chairman of the Board, chaired the proceedings from the "Board Room" at 201-204 Plaza, 55 Hughes Road, Mumbai 400 007 (referred to as "Common Venue")
  • Mrs. Chaitali Kachalia, Company Secretary & Compliance Officer, welcomed members and briefed them on participation details

Meeting Proceedings

The Chairman called the meeting to order, noting that requisite quorum was present. Members were informed that registers required under the Companies Act, 2013 were available for inspection in electronic mode upon request.

The Chairman made opening remarks and briefed shareholders on key industry trends and the company's performance during FY 2025-2026.

With member consent, the Notice convening the AGM and the Auditor's Report for the financial year ended March 31, 2026 were taken as read. There were no qualifications, observations or adverse remarks in the reports of the Statutory Auditor and Secretarial Auditor.

Business Transacted

The following business was transacted at the meeting through remote e-voting as per the Notice dated May 25, 2026:

1. Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon

2. Ordinary Resolution: To declare Final Dividend on Equity shares for the Financial Year ended March 31, 2026

3. Ordinary Resolution: To appoint a director in place of Mr. Jayesh Gandhi (DIN: 00041330), who retires by rotation and being eligible, offers himself for re-appointment

4. Ordinary Resolution: Appointment of Mr. Manoj Bhupatrai Gandhi (DIN: 00041404) as a Non-Executive Non-Independent Director of the Company

5. Ordinary Resolution: Ratification of the remuneration of Shri. Dakshesh Zaveri, Cost Auditor of the Company

6. Special Resolution: Buy Back of Equity Shares of the Company

Q&A Session and Conclusion

Members were given opportunity to ask questions and seek clarifications, with the Chairman appropriately responding to all questions raised.

After the Q&A session, the Chairman authorized Mrs. Chaitali Kachalia to carry out the e-voting process and conclude the meeting. The Chairman informed members that results of remote e-voting and insta-poll would be declared within two working days and displayed on the websites of the Company, Kfin Technologies Limited (Registrars and Transfer Agents), BSE Limited, and National Stock Exchange of India Limited.

The Chairman thanked members for their continued support and directors for joining the meeting. The meeting was declared closed at 11:37 AM, with voting remaining open for 15 minutes until 11:52 AM.