Meeting Details

The 20th Annual General Meeting of the Members of the Company was held on Thursday, September 24, 2026 through Video Conferencing (VC) facility. The record date was September 17, 2026, with 65,941 total shareholders on record.

Attendance Details

  • Promoters & Promoter Group attended through VC: 6 members
  • Public shareholders attended through VC: 53 members
  • No members were present in person or through proxy

Voting Process and Methods

Voting was conducted through:

  • Remote e-voting before the AGM (from September 20, 2026 at 9:00 AM to September 23, 2026 at 5:00 PM)
  • E-voting during the AGM through the Bigshare Services Private Limited platform

Resolution Details and Voting Outcomes

Resolution 1: Ordinary Resolution - Adoption of Financial Statements

  • Description: Adoption of audited financial statements (standalone & consolidated) for FY ended March 31, 2026 with reports of Board of Directors and Auditors
  • Total votes cast: 99,343,374 shares (87.1345% of outstanding shares)
  • Votes in favor: 99,343,374 (100%)
  • Votes against: 0 (0%)
  • Passed: Yes

Resolution 2: Ordinary Resolution - Director Reappointment

  • Description: Reappointment of Mr. Ajay Pancholi (DIN: 05168823) who retires by rotation
  • Total votes cast: 99,089,437 shares (86.9118% of outstanding shares)
  • Votes in favor: 98,879,955 (99.7886%)
  • Votes against: 209,482 (0.2114%)
  • Passed: Yes

Resolution 3: Ordinary Resolution - Secretarial Auditor Appointment

  • Description: Appointment of Secretarial Auditor for five consecutive years
  • Total votes cast: 99,343,437 shares (87.1346% of outstanding shares)
  • Votes in favor: 99,343,374 (99.9999%)
  • Votes against: 63 (0.0001%)
  • Passed: Yes

Resolution 4: Special Resolution - Section 186 Approvals

  • Description: Authorization for investments/loans/guarantees/securities under Section 186 of Companies Act, 2013
  • Total votes cast: 99,343,437 shares (87.1346% of outstanding shares)
  • Votes in favor: 99,203,572 (99.8592%)
  • Votes against: 139,865 (0.1408%)
  • Passed: Yes

Resolution 5: Special Resolution - Borrowing Limits

  • Description: Increasing borrowing limits under Section 180(1)(c) of Companies Act, 2013
  • Total votes cast: 99,343,437 shares (87.1346% of outstanding shares)
  • Votes in favor: 99,203,572 (99.8592%)
  • Votes against: 139,865 (0.1408%)
  • Passed: Yes

Resolution 6: Special Resolution - Creation of Charges

  • Description: Creation of charges, mortgage, hypothecation on assets under Section 180(1)(a) of Companies Act, 2013
  • Total votes cast: 99,343,437 shares (87.1346% of outstanding shares)
  • Votes in favor: 99,203,572 (99.8592%)
  • Votes against: 139,865 (0.1408%)
  • Passed: Yes

Resolution 7: Ordinary Resolution - Related Party Transaction (Electronics Bazaar FZC)

  • Description: Material related party transactions with Electronics Bazaar FZC
  • Total votes cast: 14,093,435 shares (12.3614% of outstanding shares)
  • Votes in favor: 14,093,352 (99.9994%)
  • Votes against: 83 (0.0006%)
  • Passed: Yes

Resolution 8: Ordinary Resolution - Related Party Transaction (Mr. Sharad Khandelwal)

  • Description: Material related party transactions with Mr. Sharad Khandelwal
  • Total votes cast: 14,093,435 shares (12.3614% of outstanding shares)
  • Votes in favor: 13,933,507 (98.8652%)
  • Votes against: 159,928 (1.1348%)
  • Passed: Yes

Resolution 9: Ordinary Resolution - Related Party Transaction (Mrs. Vidhi S Khandelwal)

  • Description: Material related party transactions with Mrs. Vidhi S Khandelwal
  • Total votes cast: 14,093,435 shares (12.3614% of outstanding shares)
  • Votes in favor: 13,933,507 (98.8652%)
  • Votes against: 159,928 (1.1348%)
  • Passed: Yes

Resolution 10: Ordinary Resolution - Related Party Transaction (Bright World Technologies)

  • Description: Material related party transactions between Electronics Bazaar FZC and Bright World Technologies Inc (step-down subsidiary)
  • Total votes cast: 14,093,435 shares (12.3614% of outstanding shares)
  • Votes in favor: 14,093,372 (99.9996%)
  • Votes against: 63 (0.0004%)
  • Passed: Yes

Resolution 11: Ordinary Resolution - Related Party Transaction (Kay Kay Overseas)

  • Description: Material related party transactions between Electronics Bazaar FZC and Kay Kay Overseas Corporation (step-down subsidiary)
  • Total votes cast: 14,093,435 shares (12.3614% of outstanding shares)
  • Votes in favor: 14,093,372 (99.9996%)
  • Votes against: 63 (0.0004%)
  • Passed: Yes

Shareholder Category Breakdown

Total outstanding shares: 114,011,517

Promoter and Promoter Group

  • Shares held: 85,249,502
  • Votes cast on Resolution 1: 85,249,502 (100% participation)
  • All votes in favor on all resolutions

Public Institutions

  • Shares held: 12,730,977
  • Votes cast on Resolution 1: 8,786,769 (69.0188% participation)

Public Non-Institutions

  • Shares held: 16,031,038
  • Votes cast on Resolution 1: 5,307,103 (33.1052% participation)

Invalid Votes

All categories reported 0 invalid votes across all resolutions

Scrutinizer's Report

Nishant Bajaj & Associates, Practicing Company Secretaries (COP No. 21538) was appointed as scrutinizer. Key findings:

  • Remote e-voting period: September 20-23, 2026
  • E-voting during AGM: September 24, 2026
  • Total members who voted through remote e-voting: 71
  • Total members who voted during AGM: 3
  • Votes were downloaded in presence of two independent witnesses
  • All resolutions passed with requisite majority

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020

Additional Information

  • The results are available on company website: www.electronicsbazaar.com
  • Advertisement was published in Financial Express (English) and Loksatta (Regional Language) on September 2, 2026
  • Company was formerly known as GNG Electronics Private Limited