Meeting Details

The 18th Annual General Meeting was held on Friday, 7th August, 2026 through Video Conferencing/Other Audio-Visual Means. The meeting commenced at 11:00 AM IST and concluded at 12:08 PM IST.

Attendance

  • 26 Members/Shareholders attended: 22 through VC/OAVM and 4 from the Board Room
  • Directors present: Mr. Dhirajlal Bhanjibhai Gadhethriya (Chairman & Whole-time Director), Mr. Bhaveshkumar Dhirajlal Gadhethriya (Managing Director), Mr. Nikunj Vrajlal Gajera (Whole-time Director), Mr. Sriharsha Narasimhan (Independent Director), Mr. Hitesh Haribhai Atkotiya (Independent Director), Mrs. Rina Gadhethriya (Non-Executive Director)
  • Other attendees: Ms. Bharti Ajudiya (Company Secretary & Compliance Officer), Mrs. Paras Vaishnav (CFO), D J Rupareliya & Company (Internal Auditor), CA Keyur Shah and CA Akhlaq Mutvalli (Statutory Auditors), CS Janvi Davda (Secretarial Auditor), CS Nirav Vekariya (Scrutinizer)

Voting Process

Remote e-voting was available from 4th August, 2026 at 9:00 AM to 6th August, 2026 at 5:00 PM. Members who hadn't voted remotely could vote electronically during the AGM. Mr. Nirav D. Vekariya was appointed as Scrutinizer.

Business Transacted

Ordinary Business

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

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

3. Appointment of Director retiring by rotation - Mr. Dhirajlal Gadhethriya offered himself for re-appointment

Special Business

4. Approval for Board to borrow monies in excess of limits under Section 180(1)(c) of Companies Act, 2013

5. Approval for Board to mortgage, hypothecate and create charges on company assets under Section 180(1)(a)

6. Approval for giving loans or providing guarantees/securities under Section 185

7. Approval for Board to make investments and give loans/guarantees/securities beyond Section 186 limits

8. Approval for payment of remuneration to Executive Directors in excess of Section 197 limits

9. Revision of remuneration of Mr. Bhaveshkumar Dhirajlal Gadhethriya, Managing Director (DIN: 01453088)

10. Revision of remuneration of Mr. Dhirajlal Bhanjibhai Gadhethriya, Chairman & Whole-time Director (DIN: 07199208)

11. Revision of remuneration of Mr. Nikunj Vrajlal Gajera, Whole-time Director

12. Approval of material related party transactions with Infinity Transoft Solution Pvt. Ltd.

13. Approval of material related party transactions with Infinity Edutech Pvt. Ltd.

14. Approval of material related party transactions with Flycare Health Pvt. Ltd.

15. Approval of material related party transactions with Jetinfy Technology Pvt. Ltd.

16. Ratification of Infinity Employee Stock Option Plan 2025 after listing of the Company

17. Approval of proposed amendments to Infinity Employee Stock Option Plan 2025

18. Ratification and confirmation of post-listing grant of employee stock options under ESOP 2025

Management Presentations

  • Mr. Bhaveshkumar Dhirajlal Gadhethriya presented business performance, key achievements and strategic roadmap with vision to become prominent market player by 2029
  • Highlighted three key growth engines: ZeroTouch, AI in Education, and AI in Manufacturing
  • Strategy includes pursuing strategic acquisitions and alliances to strengthen capabilities and expand market presence
  • Mr. Nikunj Vrajlal Gajera presented initiatives in education technology and digital admission solutions
  • Mr. Hitesh Haribhai Atkotiya presented financial performance for FY 2025-26, financial position, growth initiatives, and R&D activities

Auditor Reports

Statutory Auditors' Reports on Standalone and Consolidated Financial Statements contained no qualifications, reservations, adverse remarks or disclaimers. Secretarial Audit Report also contained no qualifications, with observations and management comments read out to members.

Voting Outcome

All resolutions were put to vote through remote e-voting and e-voting at AGM. Directors disclosed interests and abstained from relevant business items as required. Scrutinizer will consolidate votes and submit report to be filed with BSE and placed on company website.