Meeting Details
The 68th Annual General Meeting was held on Thursday, September 17, 2026 at 2:00 pm through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting concluded at 3:33 pm.
Attendance
Chairman: Mr. Umeshkumar More chaired and conducted the proceedings.
Directors present physically in Mumbai:
- Mr. Umeshkumar More (Chairman)
- Mr. Nirajkumar More
- Mr. Rohitkumar More
- Mr. Yogesh Samat
- Mr. Ashok Kanodia
Directors present virtually from Mumbai:
- Mr. Anil Gadodia
- Dr. Prerna Goradia
Other attendees:
- CFO, Company Secretary, Statutory Auditors and other Senior Management were present at the meeting
- Secretarial Auditor and Scrutinizer attended virtually from Mumbai
- Mr. Ayus Agarwala was unable to attend and authorized Mr. Yogesh Samat to respond to queries on his behalf
Meeting Proceedings
The Chairman declared requisite quorum present and declared the meeting in order. Registers and other documents mentioned in the AGM notice were available for inspection by shareholders upon email request to the Company Secretary.
Voting Arrangements
- E-voting facility was provided through CDSL
- Voting period: September 12, 2026 (10:00 AM) to September 16, 2026 (5:00 PM)
- Additional voting allowed for 15 minutes after meeting conclusion
- M/s GMJ & Associates appointed as Scrutinizer to supervise e-voting process
Business Transacted
Ordinary Business:
1. Adoption of standalone and consolidated Financial Statements for FY 2025-26 together with Reports of Board of Directors and Auditors
2. Declaration of Dividend of ₹0.50 per Equity Share of ₹1 each for FY ended March 31, 2026
3. Re-appointment of Mr. Yogesh Samat (DIN: 00717877) who retires by rotation
Special Business:
4. Reappointment of Mr. Rohitkumar More (DIN: 00139797) as Whole-time Director for 5 years commencing April 1, 2027
5. Reappointment of Mr. Yogesh Samat (DIN: 00717877) as Whole-time Director for 2 years commencing July 1, 2026
6. Revision of remuneration of Mr. Aman More
7. Revision of remuneration of Mr. Yash More
8. Ratification of Remuneration of Cost Auditors for FY ending March 31, 2027
Auditor Reports
Statutory Auditors and Secretarial Auditors expressed unqualified opinions in their respective audit reports for FY 2025-26. No qualifications, observations or adverse comments were noted.
Shareholder Interaction
Registered speakers were allowed to ask questions and seek clarifications through VC/OAVM on company accounts, operations, businesses, and future prospects. Responses were provided by:
- Mr. Yogesh Samat (Director - Operations)
- Mr. Rohitkumar More (Whole-time Director)
- Mr. Gurinder Singh Gulati (CFO)
Future Outlook
Mr. Umeshkumar More (Chairman) briefed about the future prospects of the Company.
Voting Results
Mr. Nirajkumar More announced that voting results would be made available on the company website and BSE Ltd. along with the scrutinizer's report.