The meeting commenced at 6:00 p.m. and concluded at 7:30 p.m.

Key Board Approvals:

1. Increase in Authorized Share Capital: The Board approved increasing the Authorized Share Capital from ₹24,50,00,000 (divided into 2,45,00,000 Equity Shares of ₹10 each) to ₹46,00,00,000 (divided into 4,60,00,000 Equity Shares of ₹10 each). This requires consequent alteration in Clause V of the Memorandum of Association relating to share capital, subject to obtaining shareholder approval. The purpose is for future issuance of securities.

2. Secretarial Audit Report: The Board took note of the Secretarial Audit Report for the Financial Year 2025-26.

3. Director's Report: The Board considered and approved the Director's Report along with all annexures for the financial year ended 31st March 2026.

4. 37th Annual General Meeting: Approved the draft notice for convening the 37th Annual General Meeting to be held on Monday, 31st August 2026 at 09:30 a.m. at the registered office.

5. Share Transfer Book Closure: The Register of Members & Share Transfer Books will remain closed from 25th August 2026 to 31st August 2026 (both days inclusive) for the AGM.

6. Scrutinizer Appointment: Appointed M/s. Mukesh J. & Associates, Practicing Company Secretary, Ahmedabad as Scrutinizer to scrutinize the entire voting process for the 37th AGM.

7. Internal Auditor Appointment: Based on Audit Committee recommendation, appointed M/s. A.D. Brahmbhatt & Co., Chartered Accountant, Ahmedabad as Internal Auditor for FY 2026-27.

8. Secretarial Auditor Appointment: Appointed M/s. Shalini Pandey & Associates, Practicing Company Secretaries, Mumbai as Secretarial Auditor for FY 2026-27.

Annexure I Details (as required under SEBI Circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January 2026):

Internal Auditor Appointment (M/s. A.D. Brahmbhatt & Co.):

  • Reason for appointment: To comply with provisions of the Companies Act 2013 and SEBI LODR requirements
  • Date of appointment: 04 August 2026
  • Term: Financial Year 2026-27, on terms and conditions decided by the Board based on Audit Committee recommendation
  • Firm Registration No.: 0136873W
  • Field of Experience: Proprietor Mr. Ashok Brahmbhatt has over five years experience in auditing, compliances, and services

Secretarial Auditor Appointment (M/s. Shalini Pandey & Associates):

  • Reason for appointment: To comply with Section 204 of Companies Act 2013 and Regulation 24A of SEBI LODR
  • Date of appointment: 04 August 2026
  • Term: Financial Year 2026-27, on terms and conditions decided by the Board based on Audit Committee recommendation
  • Firm Registration No.: S2019MH668100/PRC No. 5756/2024
  • Field of Experience: Ms. Shalini Pandey is a seasoned Practicing Company Secretary and LLB graduate with over a decade of extensive experience in Company Law, Securities Law, FEMA, AIF and other Corporate Laws
  • Director relationships disclosure: Not Applicable