Meeting Details

  • Date: Friday, 18th September 2026
  • Time: 03:00 PM to 04:30 PM (IST)
  • Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM), deemed to be held at the registered office of the Company.
  • Type of Meeting: 17th Annual General Meeting

Proposed Resolutions and Implications

Four resolutions were put to vote:

Ordinary Business:

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Statutory Auditors thereon. (Ordinary Resolution)

2. Interim Dividend: To confirm the interim dividend aggregating to a sum of ₹1.00 per equity share (face value of ₹1.00 each) for FY26, as approved by the Board and already paid. (Ordinary Resolution)

3. Appointment of Director: To appoint Mr. Harsh Sureshkumar Shah (DIN: 06470319), who retires by rotation and is eligible for re-appointment. (Ordinary Resolution)

Special Business:

4. Re-appointment of Managing Director: Re-appointment of Mr. Bipinbhai Vithalbhai Hadvani (DIN: 02858118) as the Chairman and Managing Director (CMD). (Special Resolution)

Voting Process

  • The Company provided a remote e-voting facility through the National Securities Depository Limited (NSDL) Platform.
  • The remote e-voting period commenced on Tuesday, 15th September 2026 at 09:00 AM (IST) and ended on Thursday, 17th September 2026 at 05:00 PM (IST).
  • Members who had not cast their votes remotely were provided an opportunity to vote electronically during the AGM on 18th September 2026.
  • The e-voting facility remained open for an additional 15 minutes during the meeting.

Scrutinizer's Role

  • The Board of Directors appointed Mr. Sanjay Kumar Joshi of S.K. Joshi & Associates, a Practicing Company Secretary (FCS – 6745 & CP No. – 7342), as the scrutinizer for the e-voting process.
  • His role was to compile and submit a consolidated report on the results of both the remote e-voting and the e-voting conducted during the AGM.
  • The results of the e-voting along with the Scrutinizer's Report were to be published on the Company's website and submitted to the stock exchanges (BSE and NSE).

Attendance and Quorum

  • Total Members Present: 54
  • Promoters and Promoter Group: 3 members
  • Public: 51 members
  • The requisite quorum was present throughout the AGM proceedings.

Directors and Officials in Attendance

Directors Present:

  • Mr. Bipinbhai Vithalbhai Hadvani, Chairman and Managing Director (joined from Rajkot)
  • Mrs. Dakshaben Bipinbhai Hadvani, Executive Director (joined from Rajkot)
  • Mr. Raj Bipinbhai Hadvani, Whole-time Director and CEO (joined from Rajkot)
  • Mr. Harsh Sureshkumar Shah, Non-Executive Director (joined from Ahmedabad)
  • Mr. Rajnikant Chimanal Diwan, Independent Director and Chairperson of Audit Committee (joined from Surat)
  • Mr. Natwarlal Patel, Independent Director (joined from Udaipur)
  • Mrs. Vijayalakshmi Shalil Suvarna, Independent Director (joined from Mumbai)
  • Mr. Babubhai Harjibhai Ghodasara, Independent Director and Chairperson of Nomination & Remuneration Committee and Stakeholders Relationship Committee (joined from Rajkot)

Other Officials in Attendance:

  • Mr. Rigan Raithatha, Chief Financial Officer (joined from Rajkot)
  • Mr. Sanjay Kumar Joshi, Partner, S.K. Joshi & Associates (Secretarial Auditor and Scrutinizer, joined from Jaipur)
  • Mr. Vikas Asawa, Partner – M/s. Maheshwari & Co. (Statutory Auditors, joined from Mumbai)
  • Mr. Mayur Gangani, Company Secretary

Compliance and Other Procedural Information

  • The meeting was conducted in compliance with the Companies Act, 2013, SEBI LODR Regulations, 2015, and applicable circulars from MCA and SEBI.
  • The Statutory Auditor and Secretarial Auditor expressed unqualified opinions in their respective audit reports for FY26.
  • The Notice of the AGM, Annual Financial Statements, and Audit Reports were taken as read, having been previously circulated.
  • The management, including CEO Mr. Raj Hadvani, briefed shareholders on the Company's FY26 performance, key financial and operational achievements, market trends, and growth outlook.
  • A 'Questions & Answers' session was held for pre-registered speaker shareholders.