Nature of Event

Annual General Meeting notice containing ordinary and special business items for shareholder approval

Meeting Details

The Thirty Seventh Annual General Meeting will be held on Monday, 31st August, 2026 at 09:30 a.m. at the registered office of the Company at Camex House, 1st Floor, Commerce Road, Navrangpura, Ahmedabad-380009, Gujarat.

Ordinary Business Items

1. Adoption of Financial Statements

To receive, consider and adopt audited financial statements (standalone and consolidated) of the Company for the financial year ended 31st March, 2026 together with reports of Board of Directors and Auditors.

2. Re-appointment of Director

To re-appoint Mr. Manish Agrawal (DIN: 01296404) as Director who retires by rotation and is eligible for re-appointment.

Special Business Items

3. Increase in Authorized Share Capital

To increase the Authorized Share Capital from ₹24,50,00,000 (2,45,00,000 equity shares of ₹10 each) to ₹46,00,00,000 (4,60,00,000 equity shares of ₹10 each). This requires amendment to Clause V of the Memorandum of Association. The increase is proposed to facilitate future fund raising via equity issuance.

4. Regularization of Independent Director

To appoint Ms. Kinjal Parmar (DIN: 10831250) as Independent Director for a term of five consecutive years from 10th March, 2026 to 09th March, 2031. She was appointed as Additional Independent Director with effect from 10th March, 2026 under Section 161(1) of Companies Act, 2013.

5. Increase in Managerial Remuneration

To increase the overall limit of managerial remuneration beyond 11% of net profit computed under Section 198 of Companies Act, 2013. In case of no profits or inadequate profits, the overall managerial remuneration shall not exceed ₹90,00,000.

Financial Performance Context:

  • FY 2026 Total Revenue: ₹3903.87 lakh
  • FY 2026 Total Expenditure: ₹3853.22 lakh
  • FY 2026 Profit before Tax: ₹207.33 lakh
  • FY 2026 Profit after Tax: ₹156.08 lakh
  • FY 2025 Profit after Tax: ₹140.48 lakh

Reasons for inadequate profits include rising costs, changing market trends, shifting travel behaviors, global trade disputes causing increased fuel and shipping costs, and workforce expansion.

6. Approval for Related Party Transactions

To approve contracts/arrangements/transactions with related parties:

  • M/s. Renova Private Limited
  • M/s. GT Hasten Industries LLP
  • M/s GT Bags Proprietorship firm

Maximum aggregate value: ₹25,00,00,000 per year for financial year 2026-27

Transactions to be at arm's length basis and in ordinary course of business.

Related Party Disclosure:

Mr. Yatin Hasmukhlal Doshi, past Executive Director, was Designated Partner in GT Hasten Industries LLP and proprietor of GT Bags Proprietorship firm. He and his relative Ms. Dhavni Yatinkumar Doshi are Directors in Renova Private Limited.

Voting Arrangements

  • Register of Members and Share Transfer books will remain closed from 25th August, 2026 to 31st August, 2026
  • Remote e-voting period: 28th August, 2026 (9:00 AM) to 30th August, 2026 (5:00 PM)
  • Cut-off date for voting eligibility: 24th August, 2026
  • Scrutinizer: M/s. Mukesh J. & Associates, Company Secretaries

Director Details

Mr. Manish Agrawal (DIN: 01296404)

  • Date of Birth: 03rd January, 1970
  • Current Designation: Non-Executive Director
  • Date of first appointment: 05th April, 2019
  • Shareholding: 14,000 Equity Shares
  • Relationships: Brother of Mrs. Sonam Choukhany (promoter and whole-time Director), brother-in-law of Mr. Manoj Choukhany
  • Committee Memberships: 2 other companies

Ms. Kinjal Parmar (DIN: 10831250)

  • Date of Birth: 09th October, 1993
  • Current Designation: Additional Non-Executive Independent Director
  • Date of first appointment: 10th March, 2026
  • Qualifications: Post graduate in MBA with accounting experience
  • Shareholding: N.A.
  • Committee Memberships: 5 other companies

Registrar and Transfer Agent

BIGSHARE SERVICES PRIVATE LIMITED, Office No S6-2, 6th floor Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai - 400093, India

Compliance Information

All documents referred to in the Notice are available for inspection at the Registered Office of the Company during office hours on all days except Saturdays, Sundays and Public Holidays up to the date of the 37th Annual General Meeting.