Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 11:00 a.m. to 11:45 a.m. IST
  • Location: Conducted through Video Conference (VC) / Other Audio Visual Means (OAVM)
  • Type: Annual General Meeting

Proposed Resolutions and Implications

The following five resolutions were proposed for member approval:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for year ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for year ended March 31, 2026, together with Report of Auditors

3. Declaration of dividend of ₹1.10 (55%) per equity share (face value ₹2 each) for financial year ended March 31, 2026

4. Reappointment of Mr. Harsh Patel (DIN: 00141863) who retires by rotation

Special Business:

5. Special Resolution: Approval for continuation of Directorship of Mr. Yatish Parekh (DIN: 00168488) as Independent Director upon attaining age of 75 years

6. Ordinary Resolution: Approval of remuneration payable to Cost Auditors for Financial Year 2026-27

Voting Process and Methods

The company provided two voting methods:

  • Remote e-voting: Available from Sunday, September 27, 2026 (9:00 a.m. IST) to Tuesday, September 29, 2026 (5:00 p.m. IST)
  • E-voting during AGM: Available to members who hadn't cast votes by remote e-voting, continuing until 15 minutes after conclusion of AGM

Attendance and Participation

  • Members present: 55 members attended through Video Conference
  • Directors present:
  • Mr. Yatish Parekh (Independent Director and Chairman)
  • Mr. Himanshu Patel (Managing Director)
  • Mr. Aalap Patel (Executive Director)
  • Mr. Nilesh Patel (Non-Executive Director)
  • Mr. Harsh Patel (Whole-Time Director)
  • Ms. Vijayanti Punjabi (Independent Director)
  • Mr. Sandeep Randery (Independent Director)
  • Directors absent: Mr. Jayesh Shah (Independent Director) due to pre-occupancy
  • Other attendees:
  • Mr. Amit Kalra (Chief Financial Officer)
  • Mr. Achal Thakkar (Company Secretary & Compliance Officer)
  • M/s. M M Nissim & Co LLP (Statutory Auditors)
  • M/s. N.M. & Co. (Secretarial Auditors and Scrutinizer)

Scrutinizer Appointment

The Board of Directors appointed CS Nimish Mehta of M/s. N.M. & Co., Practicing Company Secretary, as Scrutinizer for scrutinizing the e-voting process for all resolutions.

Voting Results Disclosure

The results of remote e-voting and e-voting during the AGM will be declared upon receipt of the Scrutinizer's Report and will be placed on:

  • Company website
  • Website of MUFG Intime India Private Limited (e-voting agency)
  • Filed with BSE Limited & National Stock Exchange of India Limited

The resolutions shall be deemed passed at the AGM upon declaration of results.

Compliance with Regulations

The meeting was conducted in compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 (Section 103)
  • MCA circulars regarding VC/OAVM meetings
  • Secretarial Standards

Both Statutory Auditors' Report and Secretarial Audit Report for FY ended March 31, 2026 contained no qualifications or adverse remarks.

Additional Information

The Chairman delivered a speech highlighting company's financial and operational performance, business outlook, growth plans, corporate governance philosophy, CSR initiatives, and people success.

Shareholders asked questions regarding operations and performance of the Company, which were responded to their satisfaction.