Meeting Details

The Extra Ordinary General Meeting was held on Wednesday, 19th August 2026, at 12:00 Noon (IST). The meeting was conducted entirely through Video Conferencing (VC)/Other Audio Visual Means (OAVM) without physical presence of shareholders, in compliance with MCA General Circulars and SEBI circulars. The deemed venue was the Registered Office of the Company at 8/1, Vasupujya Chambers, Income Tax Cross Road, Ashram Road, Ahmedabad - 380 014.

Proposed Resolutions and Implications

The EGM Notice dated 24th July 2026 contained four special resolutions:

1. Approval of amended and restated Articles of Association of the Company

2. Issue of 23,67,573 Equity Shares on a preferential basis to persons belonging to the Non-Promoter category

3. Approval of special rights granted to Galilei Holdings Co. Ltd. (formerly known as Galilei Co. Ltd.) in accordance with Regulation 31B of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

4. Creation of Mortgage/Charge on the Assets of the company

Voting Process and Methods

The Company provided both 'remote e-voting' and 'e-voting during the EGM' facilities to shareholders pursuant to Section 108 of the Companies Act, 2013 and Rules made thereunder.

  • Remote e-voting period: From 16th August 2026 (9:00 AM) to 18th August 2026 (5:00 PM)
  • E-voting during EGM: Available to shareholders present through VC/OAVM who had not voted remotely
  • Cut-off date for voting: 12th August 2026
  • Service provider: Central Depository Services (India) Limited (CDSL)
  • Registrar and Share Transfer Agent: MUFG Intime India Private Limited

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on cut-off date: 22,909
  • Shareholders attended meeting through VC/OAVM: 47 (Promoter & Promoter Group: 13, Public: 34)
  • Total votes cast across all resolutions: 1,17,34,313 shares (74.36% of outstanding shares)

Resolution-wise Results

| Resolution | Description | Votes in Favour | Votes Against | Result |

| 1 | Amend Articles of Association | 1,17,32,714 (99.99%) | 1,599 (0.01%) | Passed (Special) |

| 2 | Preferential Issue of 23,67,573 shares | 1,17,33,918 (100.00%) | 395 (Negligible) | Passed (Special) |

| 3 | Special Rights to Galilei Holdings | 1,17,18,163 (99.86%) | 16,150 (0.14%) | Passed (Special) |

| 4 | Creation of Mortgage/Charge | 1,17,33,870 (100.00%) | 443 (Negligible) | Passed (Special) |

Category-wise Voting Breakdown (Resolution 1 as representative sample)

  • Promoter & Promoter Group: Held 1,17,06,773 shares; voted 1,16,86,773 shares (99.83% participation); 100% in favor
  • Public Institutions: Held 2,66,843 shares; voted 1,208 shares (0.45% participation); 0% in favor, 100% against
  • Public Non-Institutions: Held 38,06,119 shares; voted 46,332 shares (1.22% participation); 99.16% in favor, 0.84% against

Scrutinizer's Role and Findings

The Board appointed Mr. Kashyap R. Mehta and, failing him, Mr. Yash K. Mehta, Partners of M/s. Kashyap R. Mehta & Partners, Practising Company Secretaries, Ahmedabad as Scrutinizer. The e-voting results were unblocked on 19th August 2026 in the presence of two witnesses (Mr. Parth Thakkar and Ms. Anal Desai). The Scrutinizer prepared and submitted the report based on data from CDSL's e-voting platform, confirming all resolutions were duly passed.

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of the Companies Act, 2013 and Rules made thereunder
  • Regulation 44 of SEBI (LODR) Regulations, 2015
  • MCA Circulars relating to conducting EGMs through VC/OAVM
  • SEBI circulars
  • Secretarial Standards on General Meetings

Additional Information

  • Company CIN: L29220GJ2009PLC056482
  • The Company published newspaper advertisements in English and Gujarati on 26th July 2026 and corrigendum advertisements on 13th August 2026
  • Notice of EGM was dispatched on 25th July 2026 with corrigendum on 12th August 2026