AGM Details

The Fifty-Fifth Annual General Meeting will be held on Wednesday, 30th September, 2026 at 11:00 A.M. at the Registered Office of the Company at Village Billanwali, Baddi, District Solan, Himachal Pradesh-173205.

Ordinary Business Agenda

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 and report of the Board of Directors and Auditors thereon.

2. Dividend Declaration

To declare dividend on Equity Shares for the Financial Year ended 31st March, 2026. The dividend, if approved, would be paid after 30th September, 2026 subject to deduction of tax at source.

3. Re-appointment of Director

To appoint Mr. Rajiv Aggarwal (DIN 00094198), who retires by rotation and being eligible offers himself for re-appointment. Mr. Aggarwal holds 9,90,306 shares in the company.

Special Business Agenda

4. Appointment of Mr. Rajesh Kumar Singh as Independent Director (Special Resolution)

  • DIN: 11690324
  • Appointment as Additional Non-Executive Independent Director effective from 04th September, 2026
  • Recommended by Nomination and Remuneration Committee
  • Proposed term: Three consecutive years from 04th September, 2026 to 03rd September, 2029
  • Not liable to retire by rotation
  • Former General Manager at State Bank of India with 36 years banking experience
  • Currently independent director at Pearl Global Industries Ltd.
  • Holds no shares in the company

5. Appointment of Mrs. Prerna Sudeep Bokil as Independent Director (Special Resolution)

  • DIN: 10272554
  • Appointment as Additional Non-Executive Independent Director effective from 04th September, 2026
  • Proposed term: Two consecutive years from 04th September, 2026 to 03rd September, 2028
  • Not liable to retire by rotation
  • Company Secretary with expertise in corporate laws, SEBI Regulations, FEMA
  • Holds directorships in Integra Switchgears Limited, Aimtron Electronics Limited, Cryogenic OGS Limited, Inspiro Minds Foundation, and Idream Film Infrastructure Company Limited
  • Holds no shares in the company

6. Appointment of Mr. Purshotam Lal Sharma as Independent Director (Special Resolution)

  • DIN: 03509280
  • Age: 75 years (requires special resolution under Regulation 17(1A) of SEBI LODR)
  • Proposed term: Five consecutive years from 30th September 2026 to 29th September 2031
  • Not liable to retire by rotation
  • Previously served as Independent Director until 28 September 2023
  • BE in Metallurgical Engineering with 43 years experience in manufacturing
  • Former Manufacturing Head at Punjab Tractors, CEO at Indofarm Tractors
  • Currently director at Tayal Technologies Limited
  • Holds no shares in the company

7. Approval for Material Related Party Transactions with Globe Precision Industries Pvt. Ltd. (Ordinary Resolution)

  • Related party: Globe Precision Industries Pvt. Ltd. (Promoter group entity holding 5.69% shares)
  • Nature of transactions: Sale/Purchase of material, Fixed Assets, Job work charges paid/received
  • Aggregate value: Up to ₹14,300 lakhs during financial year 2027-28
  • Breakdown: Sale of Goods (₹11,500 lakhs), Purchase of Goods (₹1,500 lakhs), Purchase of Property, Plant & Equipment (₹500 lakhs), Sale of Property, Plant & Equipment (₹500 lakhs), Job Work Charges Received (₹150 lakhs), Job Work Charges Paid (₹150 lakhs)
  • Represents 32.86% of company's annual consolidated turnover (₹43,522.66 lakhs) for FY2025-26
  • Represents 96.77% of related party's annual standalone turnover (₹14,777.51 lakhs) for FY2025-26
  • Previous year transactions: FY2025-26 total ₹9,651.22 lakhs (Sale of Goods ₹8,501.76 lakhs, Purchase of Goods ₹1,043.21 lakhs, etc.)
  • Current year transactions: ₹2,462.32 lakhs up to quarter ending 30.06.2026
  • Approved by Audit Committee and Board on 12.08.2026
  • Related parties will not vote on this resolution

8. Ratification of Remuneration of Cost Auditors (Ordinary Resolution)

  • Cost Auditor: M/s S.K. Jain & Co., Cost Accountants
  • Remuneration: ₹40,000 per annum plus reimbursement of out-of-pocket expenses
  • Appointment approved by Board on 30th January, 2026 for FY2026-27

Dividend Information

  • Book closure: Thursday, September 24, 2026 to Wednesday, September 30, 2026 (both days inclusive)
  • Record date: Wednesday, 23rd September, 2026
  • Dividend will be paid through electronic modes (ECS/Direct Credit/NEFT/RTGS)
  • Unclaimed dividends for seven years will be transferred to IEPF

E-Voting Details

  • Cut-off date: Wednesday, 23rd September, 2026
  • E-voting period: Sunday, 27th September, 2026 (9:00 AM IST) to Tuesday, 29th September, 2026 (5:00 PM IST)
  • Scrutiniser: Shri Sachin Jain, Practicing Chartered Accountant (Membership No.:535354)
  • Results will be uploaded on company website and submitted to BSE

Shareholder Services

  • Registrar & Transfer Agent: M/s MCS Share Transfer Agent Limited, Vadodara
  • Special window for physical share transfer requests available till 04th February 2027
  • Members encouraged to update email and mobile details with Depository Participants