Meeting Details

  • Date: Saturday, 22nd August 2026
  • Time: Commenced at 12:00 Noon and concluded at 12:30 PM
  • Location: 69/A, GIDC Industrial Estate, Vapi - 396195, Dist. Valsad, Gujarat
  • Type: Extra-ordinary General Meeting (EGM)

Proposed Resolutions and Implications

The EGM considered three special business resolutions:

1. Resolution 1 (Ordinary Resolution): Approval of Material Related Party Transactions with Promoter/Promoter group entities

2. Resolution 2 (Special Resolution): Amendment to the Articles of Association of the Company

3. Resolution 3 (Special Resolution): Private placement of NCDs and/or Debt securities

Voting Process and Methods

The company provided multiple voting methods:

  • Remote e-voting period: Wednesday 19th August 2026 (9:00 AM) to Friday 21st August 2026 (5:00 PM)
  • Physical polling facility at the EGM venue for members who had not cast votes by remote e-voting
  • Scrutinizer: Mr. Ketan R. Shirwadkar, Proprietor of M/s. KRS AND CO., Practicing Company Secretary

Key Voting Outcomes

Resolution 1: Material Related Party Transactions

  • Total votes cast: 5,492,771 (5.0408% of outstanding shares)
  • Votes in favor: 4,212,461 (76.6910% of votes cast)
  • Votes against: 1,280,310 (23.3090% of votes cast)
  • Result: PASSED

Category-wise breakdown:

  • Promoter and Promoter Group: 0 votes cast (0% participation)
  • Public Institutions: 1,280,093 votes cast (40.3581% participation), 100% against
  • Public-Non Institutions: 4,212,678 votes cast (14.7424% participation), 99.9948% in favor

Resolution 2: Amendment to Articles of Association

  • Total votes cast: 79,153,848 (72.6414% of outstanding shares)
  • Votes in favor: 79,153,641 (99.9997% of votes cast)
  • Votes against: 207 (0.0003% of votes cast)
  • Result: PASSED

Category-wise breakdown:

  • Promoter and Promoter Group: 73,491,307 votes cast (95.1737% participation), 100% in favor
  • Public Institutions: 1,280,093 votes cast (40.3581% participation), 100% in favor
  • Public-Non Institutions: 4,382,448 votes cast (15.3365% participation), 99.9953% in favor

Resolution 3: Private placement of NCDs/Debt securities

  • Total votes cast: 79,153,848 (72.6414% of outstanding shares)
  • Votes in favor: 79,128,882 (99.9685% of votes cast)
  • Votes against: 24,966 (0.0315% of votes cast)
  • Result: PASSED

Category-wise breakdown:

  • Promoter and Promoter Group: 73,491,307 votes cast (95.1737% participation), 100% in favor
  • Public Institutions: 1,280,093 votes cast (40.3581% participation), 98.0658% in favor, 1.9342% against
  • Public-Non Institutions: 4,382,448 votes cast (15.3365% participation), 99.9953% in favor

Scrutinizer's Role and Findings

Mr. Ketan Ravindra Shirwadkar (Mem No. F13938, COP No. 15386) was appointed as Scrutinizer to oversee both remote e-voting and physical poll process. Key findings:

  • Remote e-voting was conducted through CDSL's platform (www.evotingindia.com)
  • Cut-off date for voting eligibility: Saturday, 15th August 2026
  • Physical poll process included sealed ballot box opened in presence of two independent witnesses
  • Votes were unblocked on 22nd August 2026 in presence of witnesses Vedant Jadhav and Jvoti Almeid'a
  • All resolutions passed with requisite majority

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

  • Total shares outstanding: 108,965,265
  • 56 members present in person and/or through representatives
  • Dr. Dinesh S. Patel chaired the meeting
  • Directors and Key Managerial Personnel were present
  • The result will be disseminated to Stock Exchanges and uploaded on Company's and CDSL websites within two working days