Meeting Details

  • Date of Meeting: September 11, 2026
  • Meeting Type: 35th Annual General Meeting
  • Start Time: 3:00 PM
  • End Time: 3:10 PM
  • Cut-off Date: August 31, 2026
  • Remote E-voting Period: September 8, 2026 (9:00 AM) to September 10, 2026 (5:00 PM)

Scrutinizer Details

  • Name: Jatin Parikh
  • Firm: M/S J.M PARIKH & ASSOCIATES
  • Qualification: CA
  • Membership Number: 033811
  • Appointment Date: May 29, 2026
  • Report Issuance Date: September 12, 2026

Voting Results Summary

  • Total Shares Outstanding: 8,33,87,090
  • Total Votes Polled: 6,84,60,774 (82.10% of outstanding shares)
  • No Invalid Votes: Across all categories and resolutions

Resolution-wise Voting Details

Resolution 1: Adoption of Financial Statements

  • Description: Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 with Board and Auditor reports
  • Result: Passed
  • Votes in Favor: 6,84,60,755 (100% of valid votes)
  • Votes Against: 19 (0% of valid votes)
  • Promoter Voting: 5,92,92,084 voted (97.32% turnout), 100% in favor
  • Public Institutions: 3,23,044 voted (40.32% turnout), 100% in favor
  • Public Non-Institutions: 88,45,646 voted (40.83% turnout), 99.9998% in favor

Resolution 2: Dividend Declaration

  • Description: Declaration of dividend of ₹1.50 per equity share (face value ₹10) for FY ended March 31, 2026
  • Result: Passed
  • Votes in Favor: 6,84,60,755 (100% of valid votes)
  • Votes Against: 19 (0% of valid votes)
  • Promoter Voting: 100% in favor
  • Public Institutions: 100% in favor
  • Public Non-Institutions: 99.9998% in favor

Resolution 3: Re-appointment of Mr. Dipakkumar G. Patel

  • Description: Re-appointment of director retiring by rotation (DIN: 00004766)
  • Result: Passed
  • Votes in Favor: 6,84,57,324 (99.99% of valid votes)
  • Votes Against: 3,450 (0.01% of valid votes)
  • Promoter Voting: 100% in favor
  • Public Institutions: 98.9379% in favor (3,19,613 votes), 1.0621% against (3,431 votes)
  • Public Non-Institutions: 99.9998% in favor

Resolution 4: Re-appointment of Mr. Anmol D. Patel

  • Description: Re-appointment of director retiring by rotation (DIN: 08068767)
  • Result: Passed
  • Votes in Favor: 6,81,41,913 (99.53% of valid votes)
  • Votes Against: 3,18,861 (0.47% of valid votes)
  • Promoter Voting: 100% in favor
  • Public Institutions: 1.3066% in favor (4,221 votes), 98.6934% against (3,18,823 votes)
  • Public Non-Institutions: 99.9996% in favor

Resolution 5: Re-appointment of Mr. Amanvir S. Patel

  • Description: Re-appointment of director retiring by rotation (DIN: 08752273)
  • Result: Passed
  • Votes in Favor: 6,81,39,944 (99.53% of valid votes)
  • Votes Against: 3,20,830 (0.47% of valid votes)
  • Promoter Voting: 100% in favor
  • Public Institutions: 0.6912% in favor (2,233 votes), 99.3088% against (3,20,811 votes)
  • Public Non-Institutions: 99.9998% in favor

Resolution 6: Ratification of Cost Auditors Remuneration

  • Description: Ratification of remuneration of Cost Auditors for FY ending March 31, 2027
  • Result: Passed
  • Votes in Favor: 6,84,60,595 (99.9997% of valid votes)
  • Votes Against: 179 (0.0003% of valid votes)
  • Promoter Voting: 100% in favor
  • Public Institutions: 100% in favor
  • Public Non-Institutions: 99.9980% in favor

Material Related Party Transactions (Resolutions 7-17)

All resolutions for material related party transactions passed with promoter group abstaining from voting and public shareholders approving:

Resolution 7: Madhukamal Real Estate Investment Private Limited (Group Company)

  • Votes in Favor: 88,49,848 (96.52%)
  • Votes Against: 3,18,842 (3.48%)

Resolution 8: Mahavir (Thaltej) Complex Private Limited (Group Company)

  • Votes in Favor: 88,49,848 (96.52%)
  • Votes Against: 3,18,842 (3.48%)

Resolution 9: Ganesh Green Energy Private Limited (Group Company)

  • Votes in Favor: 88,49,848 (96.52%)
  • Votes Against: 3,18,842 (3.48%)

Resolution 10: Rohini Realty Private Limited (Group Company)

  • Votes in Favor: 88,49,848 (96.52%)
  • Votes Against: 3,18,842 (3.48%)

Resolution 11: Urbanaac Infrastructure Private Limited (Related Party)

  • Votes in Favor: 91,68,671 (99.9998%)
  • Votes Against: 19 (0.0002%)

Resolution 12: Mr. Shekhar Govindbhai Patel (Promoter and MD & CEO)

  • Votes in Favor: 88,47,841 (96.50%)
  • Votes Against: 3,20,849 (3.50%)

Resolution 13: Mr. Dipakkumar Govindbhai Patel (Promoter and Chairman)

  • Votes in Favor: 88,47,841 (96.50%)
  • Votes Against: 3,20,849 (3.50%)

Resolution 14: Mr. Anmol Dipakkumar Patel (Non-Executive Director, Promoter Group)

  • Votes in Favor: 88,47,841 (96.50%)
  • Votes Against: 3,20,849 (3.50%)

Resolution 15: Mr. Amanvir Shekhar Patel (Non-Executive Director, Promoter Group)

  • Votes in Favor: 88,47,860 (96.50%)
  • Votes Against: 3,20,830 (3.50%)

Resolution 16: Govindbhai C. Patel Foundation

  • Votes in Favor: 88,49,848 (96.52%)
  • Votes Against: 3,18,842 (3.48%)

Resolution 17: Mahamati Skill and Education Foundation

  • Votes in Favor: 88,49,848 (96.52%)
  • Votes Against: 3,18,842 (3.48%)

Key Observations

  • Promoter and Promoter Group held 6,09,22,084 shares (73.06% of total)
  • Promoter group abstained from voting on all related party transactions (Resolutions 7-17)
  • Public Institutions held 8,01,270 shares (0.96% of total) with 40.32% voting turnout
  • Public Non-Institutions held 2,16,63,736 shares (25.98% of total) with 40.83% voting turnout
  • No invalid votes were recorded across all resolutions and voter categories