Meeting Details

The 51st Annual General Meeting was held on August 13, 2026, at Efcee Sarovar Portico - Sarovar Hotels, Iscon Mega City, Opp. Victoria Park, Bhavnagar, Gujarat 364002.

Voting Process

Remote e-voting was conducted through National Securities Depository Limited (NSDL) from August 10, 2026 (9:00 AM) to August 12, 2026 (5:00 PM). Physical voting was also conducted at the venue using ballot papers.

Scrutinizer Appointment

M/s Devesh Mehta & Associates, Practicing Company Secretaries represented by Devesh Upendrabhai Mehta, was appointed as scrutinizer for the voting process.

Voting Results

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Purpose: To receive, consider and adopt the Standalone and Consolidated Audited financial statements for the year ended March 31, 2026, including statement of Profit and Loss, Cash Flow Statement, Balance Sheet, and Directors' and Auditors' Reports
  • Voted in favor: 50 members, 5,381,493 votes (99.99999% of valid votes)
  • Voted against: 2 members, 36 votes (0.00001% of valid votes)
  • Invalid votes: 3 members, 6 votes
  • Result: PASSED

Resolution 2: Dividend Declaration

  • Type: Ordinary Resolution
  • Purpose: To declare Dividend of 10% i.e. ₹1.00 per equity share of face value ₹10 each for financial year 2025-2026
  • Voted in favor: 50 members, 5,381,493 votes (99.99999% of valid votes)
  • Voted against: 2 members, 36 votes (0.00001% of valid votes)
  • Invalid votes: 3 members, 6 votes
  • Result: PASSED

Resolution 3: Director Reappointment

  • Type: Ordinary Resolution
  • Purpose: To appoint Mrs. Vishakha P. Tamboli (DIN: 06600319) who retires by rotation and offers herself for reappointment
  • Voted in favor: 44 members, 1,127,865 votes (99.997% of valid votes)
  • Voted against: 2 members, 36 votes (0.003% of valid votes)
  • Invalid votes: 3 members, 6 votes
  • Votes related to interest in resolution: 4,214,298 votes (from 6 interested voters)
  • Result: PASSED

Resolution 4: Managerial Remuneration Increase

  • Type: Special Resolution
  • Purpose: To increase the overall managerial remuneration of the Directors of the Company
  • Voted in favor: 44 members, 1,127,865 votes (99.997% of valid votes)
  • Voted against: 4 members, 36 votes (0.003% of valid votes)
  • Invalid votes: 3 members, 6 votes
  • Votes related to interest in resolution: 4,214,298 votes (from 6 interested voters)
  • Result: PASSED

Resolution 5: Cost Auditor Remuneration Ratification

  • Type: Ordinary Resolution
  • Purpose: Ratification of Remuneration of Cost Auditor
  • Voted in favor: 6 members, 5,242,163 votes (99.9993% of valid votes)
  • Voted against: 2 members, 36 votes (0.0007% of valid votes)
  • Invalid votes: 3 members, 6 votes
  • Result: PASSED