Meeting Details
- Date: Friday, September 18, 2026
- Time: 12:00 p.m. (IST)
- Location: Conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
- Deemed Venue: Registered Office at Sigma-1 Corporates, Corporate House No. 6, Nr. Mann Party Plot Cross Road, Sindhu Bhavan Road, Bodakdev, Ahmedabad-380054
- Type: 21st Annual General Meeting
Proposed Resolutions and Implications
Ordinary Business
1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statement for the financial year ended March 31, 2026 together with Reports of the Board of Directors and Auditors.
2. Director Reappointment: To appoint Mr. Rahul Gaurang Shah (DIN: 06862697) who retires by rotation under Section 152(6) of Companies Act, 2013 and offers himself for reappointment.
Special Business
3. Secretarial Auditor Appointment: To appoint M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for five consecutive years from FY 2026-27 to 2030-31 at a fee of ₹75,000 plus applicable taxes for FY 2026-27, with fees for subsequent years to be mutually agreed.
4. Cost Auditor Remuneration: To ratify remuneration of ₹20,000 plus taxes for M/s. P.H. Desai & Co. as Cost Auditors for FY 2026-27.
5. Borrowing Limits: Special resolution to create mortgages/charges on company properties to secure borrowings not exceeding ₹250 crores at any point from financial institutions/banks.
Voting Process and Methods
- Remote e-voting period: Begins at 9:00 a.m. on September 15, 2026 and ends at 5:00 p.m. on September 17, 2026
- Cut-off date: September 11, 2026 (for determining members eligible to vote)
- Voting methods:
- Individual shareholders in demat mode: Through CDSL/NSDL e-Voting systems using demat account credentials
- Physical shareholders and non-individual shareholders: Through CDSL e-voting website www.evotingindia.com
- E-voting during AGM: Available only for shareholders attending through VC/OAVM who haven't voted remotely
- Scrutinizer: Mr. Kashyap R. Mehta (FCS 1821) and failing him Mr. Yash K. Mehta (ACS 43020) of Kashyap R. Mehta & Partners appointed to scrutinize the e-voting process
Key Voting Outcomes and Participation
- The results along with scrutinizer's report will be placed on company website and CDSL website after declaration by Chairman
- Results will be communicated to National Stock Exchange of India Limited
- Members attending through VC/OAVM will be counted for quorum under Section 103 of Companies Act, 2013
- Since all shares are in dematerialized form (100%), physical attendance and proxy system are dispensed with
Compliance with Laws and Regulations
The document confirms compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
- Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025
- Secretarial Standards SS-1 and SS-2 issued by ICSI
- All related party transactions were in ordinary course of business and at arm's length basis
Financial Highlights from Annual Report (FY 2025-26)
- Total Revenue: ₹178.03 crore (previous year: ₹113.15 crore)
- Revenue from Operations: ₹176.49 crore (previous year: ₹112.10 crore)
- Profit Before Tax: ₹17.61 crore (previous year: ₹11.70 crore)
- Profit After Tax: ₹12.60 crore (previous year: ₹9.24 crore)
- EPS: ₹11.63 (previous year: ₹9.08)
- No dividend recommended for the financial year
- Credit Rating: IVR BBB-/Stable for Long term bank facility and IVR A3 for Short term bank facility from Infomerics Valuation and Rating Ltd
Additional Information
- The company is engaged in Electro-Mechanical EPC business including transmission projects, water pumping stations, solar projects, lighting, and ELV systems
- Total employees: 77 as on March 31, 2026
- Median remuneration of employees: ₹4,85,284 for FY 2025-26
- CSR expenditure: ₹13.51 lakhs against requirement of ₹13.02 lakhs
- All financial statements prepared in accordance with Indian Accounting Standards (Ind-AS)
- The AGM notice and annual report are being sent only through electronic mode to members