Meeting Details
The 37th Annual General Meeting was held on Thursday, 20th August 2026 at 11:00 A.M. through Video Conferencing (VC) / Other Audio Video Means (OAVM) in compliance with MCA General Circulars and SEBI Circulars.
Attendees
Directors Present:
- Mr. Tanil Ramdas Kilachand - Executive Chairman (Chairman of the meeting)
- Mr. Vinay Kumar Puniani - Executive Director
- Mr. Chetan R. Desai - Independent Director
- Ms. Nirmala S. Mehendale - Independent Director
Other Officials Present:
- Mr. Harshadrai Harjivandas Jani - Chief Financial Officer
- Ms. Nivedita Nambiar - Company Secretary
- Mr. Hitesh Jain - Statutory Auditor
- Mr. Tushar Shridharani - Secretarial Auditor
- Ms. Ragini Chokshi - Scrutinizer
Directors Absent:
- Mr. Parthiv T. Kilachand - Non-Executive Director
- Mr. Rajan Vahi - Independent Director
Meeting Proceedings
The meeting commenced at 11:00 a.m. IST with Mr. Tanil Ramdas Kilachand presiding as Chairman. The Company Secretary confirmed that requisite quorum was present.
Representative Appointments:
- Mr. Chetan Desai was appointed as representative of Audit Committee and Nomination and Remuneration Committee on behalf of Mr. Rajan Vahi
- Mr. Tanil R. Kilachand was appointed as representative of Stakeholders' Relationship Committee on behalf of Mr. Parthiv T. Kilachand
Key Activities:
- Chairman apprised members about company performance and future prospects
- Notice dated 12th May 2026 convening 37th AGM and Auditors' Report was taken as read
- Required documents were made available for electronic inspection by members
- Members registered as speakers addressed the meeting through VC and sought clarifications on company accounts and businesses
- Chairman provided clarifications to member queries
Voting Process
The company provided e-voting facility through NSDL to all members whose names appeared in the Register of Members/Beneficial Owners as on the cut-off date of Thursday, 13th August 2026.
Voting Timeline:
- Remote e-voting period: Monday, 17th August 2026 at 09:00 A.M. to Wednesday, 19th August 2026 at 05:00 P.M.
- E-voting facility was also available during the AGM and till 15 minutes after conclusion for members who hadn't voted previously
Scrutinizer Appointment:
- M/s. Ragini Chokshi & Co., Practicing Company Secretary, was appointed as Scrutinizer for remote e-voting and voting at AGM
- Combined results to be announced within 2 working days of AGM conclusion
- Results will be forwarded to BSE Limited and uploaded on company website
Business Items Approved
The following items of business from the Notice of 37th AGM were considered for member approval through e-voting system:
Ordinary Business:
1. Adoption of audited financial statements for financial year ended 31st March 2026, including Audited Balance Sheet as at 31st March 2026, Statement of Profit & Loss, Cash Flow Statement, and reports of Board of Directors and Auditors (Ordinary Resolution)
2. Declaration of dividend of ₹0.50 per equity share (5%) of ₹10 each (Ordinary Resolution)
3. Appointment of director in place of Mr. Vinay Kumar Puniani (DIN 10706691), who retires by rotation and offers himself for re-appointment (Ordinary Resolution)
Special Business:
4. Re-appointment of Mr. Vinay Kumar Puniani (DIN 10706691) as Whole-time Director designated as 'Executive Director' for a period of 2 years commencing from 1st August 2026 (Special Resolution)
Meeting Duration
The meeting commenced at 11:00 a.m. IST and concluded at 11:28 a.m. IST.
Compliance Statement
The Company Secretary affirmed that all feasible efforts were made to enable member participation and voting. The filing is submitted for BSE's records.