Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

  • Type of Meeting: 32nd Annual General Meeting (AGM)
  • Date: Saturday, 19th September, 2026
  • Time: 12:30 PM to 01:01 PM (IST)
  • Mode: Video Conferencing (VC) / Other Audio Video Means (OAVM)
  • Venue: Capital Tower, 2nd Floor, Plot Nos.169A-171, PU-4, Scheme No. 54, Behind C-21 Mall, Indore- 452010 (M.P.)
  • Record Date: 12th September, 2026
  • Total Shareholders on Record Date: 26,536

Shareholder Participation

  • Promoters/Promoter Group attended through VC: 12 members
  • Public Shareholders attended through VC: 57 members
  • No shareholders attended in person or through proxy

Proposed Resolutions and Voting Outcomes

Ten resolutions were considered and passed at the AGM:

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 78,296,880 (100% of outstanding shares)
  • In Favor: 78,296,880 (100%)
  • Against: 0 (0%)
  • Result: Passed

Resolution 2: Declaration of Dividend

  • Type: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 78,296,880 (100% of outstanding shares)
  • In Favor: 78,296,880 (100%)
  • Against: 0 (0%)
  • Result: Passed

Resolution 3: Appointment of Mr. Rajendra Bandi (Director Liable to Retire by Rotation)

  • Type: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 78,296,879 (100% of outstanding shares)
  • In Favor: 78,296,879 (100%)
  • Against: 0 (0%)
  • Result: Passed

Resolution 4: Appointment of Vinod Singhal & Co. LLP as Statutory Auditor and Fixing Remuneration

  • Type: Ordinary
  • Promoter Interest: No
  • Total Votes Polled: 78,295,751 (100% of outstanding shares)
  • In Favor: 78,295,751 (99.9985%)
  • Against: 1,140 (0.0015%)
  • Result: Passed

Resolution 5: Re-appointment of Mr. Dhanpal Doshi as Managing Director

  • Type: Special
  • Promoter Interest: Yes
  • Total Votes Polled: 78,296,879 (100% of outstanding shares)
  • In Favor: 78,296,879 (100%)
  • Against: 0 (0%)
  • Result: Passed

Resolution 6: Re-appointment of Mr. Parasmal Doshi as Whole Time Director

  • Type: Special
  • Promoter Interest: Yes
  • Total Votes Polled: 78,296,880 (100% of outstanding shares)
  • In Favor: 78,296,880 (100%)
  • Against: 0 (0%)
  • Result: Passed

Resolution 7: Re-appointment of Mr. Rajendra Bandi as Whole Time Director

  • Type: Special
  • Promoter Interest: Yes
  • Total Votes Polled: 78,296,879 (100% of outstanding shares)
  • In Favor: 78,296,879 (100%)
  • Against: 0 (0%)
  • Result: Passed

Resolution 8: Increase in Remuneration of Mr. Sarthak Doshi (CEO)

  • Type: Special
  • Promoter Interest: Yes
  • Total Votes Polled: 78,296,880 (100% of outstanding shares)
  • In Favor: 78,296,880 (100%)
  • Against: 0 (0%)
  • Result: Passed

Resolution 9: Increase in Remuneration of Mr. Nishit Doshi (CFO & COO)

  • Type: Special
  • Promoter Interest: Yes
  • Total Votes Polled: 78,296,879 (100% of outstanding shares)
  • In Favor: 78,296,879 (100%)
  • Against: 0 (0%)
  • Result: Passed

Resolution 10: Amendment in Main Object Clause of Memorandum of Association

  • Type: Special
  • Promoter Interest: Yes
  • Total Votes Polled: 78,296,880 (100% of outstanding shares)
  • In Favor: 78,296,880 (100%)
  • Against: 0 (0%)
  • Result: Passed

Voting Process and Methods

  • Voting Method: Remote e-voting only (no polling or postal ballot)
  • E-voting Agency: Central Depository Services (India) Limited (CDSL)
  • E-voting Period: Wednesday, 16th September 2026 (09:00 AM) to Friday, 18th September 2026 (05:00 PM)
  • Scrutinizer: Kaushal Ameta of Kaushal Ameta & Co. (Company Secretary)
  • Scrutinizer Appointment Date: 20th July 2026
  • Scrutinizer Report Date: 19th September 2026

Shareholder Category Breakdown

Total Outstanding Shares: 78,296,891

Promoter and Promoter Group

  • Shares Held: 72,678,970
  • Votes Polled: 72,678,970 (100%)
  • In Favor: 72,678,970 (100%)
  • Against: 0 (0%)

Public Institutions

  • Shares Held: 74,297
  • Votes Polled: 74,297 (100%)
  • In Favor: 74,297 (100%)
  • Against: 0 (0%)

Public Non-Institutions

  • Shares Held: 5,543,624
  • Votes Polled: 5,543,624 (100%)
  • In Favor: 5,543,613 (99.9998%)
  • Against: 11 (0.0002%)

Invalid Votes

No invalid votes were recorded across all shareholder categories (Promoter, Public Institutions, Public Non-Institutions).

Scrutinizer's Role and Findings

Kaushal Ameta was appointed as scrutinizer to ensure fair and transparent voting process. The scrutinizer:

  • Had access to member details who voted through e-voting before the AGM
  • Verified the e-voting process conducted by CDSL
  • Confirmed all resolutions were passed with requisite majority
  • Handed over all electronic data and records to the Company Secretary for safekeeping

Compliance with Regulations

The company confirmed compliance with:

  • SEBI (LODR) Regulations, 2015 (Regulation 44)
  • Companies Act, 2013 and Rules thereunder
  • MCA Circulars dated September 25, 2023 and September 19, 2024
  • SEBI Circulars dated January 5, 2023, October 7, 2023 and October 3, 2024
  • Notice of AGM was dispatched on 26th August 2026
  • Advertisements published in Free Press Journal (Indore Edition) and Choutha Sansar (Hindi) on 27th August 2026