Meeting Details

The 38th Annual General Meeting was held on Tuesday, September 22, 2026, at the Registered Office of the Company at 111, Sector-B, Sanwer Road, Industrial Area, Indore-452015. The meeting commenced at 11:00 A.M. and concluded at 12:15 P.M.

Attendance

Directors Present:

  • Mr. Rajendra Jain (Managing Director)
  • Mr. Mahendra Jain (Joint Managing Director)
  • Mr. Vinod Kumar Jain (Non-Executive Independent Director)
  • Mr. Rajesh Jain (Non-Executive Independent Director)

In Attendance:

  • Mr. Ashok Ajmera (Chief Financial Officer)
  • Mr. Manoj Maheshwari (Company Secretary)

Invitees:

  • CA Nirdesh Badjatya (Statutory Auditor)
  • CA Aditya Jakhetia (Internal Auditor)
  • CS Isha Garg (Secretarial Auditor & Scrutinizer)

Requisite quorum was present as per the requirements of the Companies Act, 2013.

Proceedings Summary

The meeting was conducted by CS Manoj Maheshwari, Company Secretary & Compliance Officer. Mr. Rajendra Jain was elected as Chairman of the Meeting.

The Notice dated August 26, 2026, convening the 38th AGM along with the Annual Report for financial year 2025-26 (ended March 31, 2026) had been sent electronically to members with registered email addresses. Physical intimation letters were sent to other members.

The Auditor's Report on standalone and consolidated financial statements and the Secretarial Auditor's Report for FY 2025-26 did not contain any qualification, reservation, adverse remark, or disclaimer.

Remote e-voting was available from 9:00 a.m. on September 18, 2026, to 5:00 p.m. on September 21, 2026. CS Isha Garg was appointed as Scrutinizer for both remote e-voting and voting at the AGM.

Business Transacted

Ordinary Business:

1. Receipt, consideration, and adoption of Audited Financial Statements (including consolidated financial statements) for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Declaration of dividend of ₹1.25 per equity share for financial year 2025-2026

3. Appointment of Director in place of Mr. Mahendra Jain (DIN: 00256047), who retires by rotation and offered himself for re-appointment

Special Business:

4. Ratification of remuneration of Cost Auditor for financial year ending March 31, 2027 (Ordinary Resolution)

5. Approval of Related Party Transactions with Indore Tools Private Limited (Ordinary Resolution)

6. Adoption of New Set of Memorandum of Association (Special Resolution)

7. Adoption of New Set of Articles of Association (Special Resolution)

8. Approval for Increase in Remuneration of Mr. Ravish Jain holding an office or place of profit (Ordinary Resolution)

9. Approval for Increase in Remuneration of Mr. Prakhar Jain holding an office or place of profit (Ordinary Resolution)

10. Approval for Increase in Remuneration of Mr. Manish Jain holding an office or place of profit (Ordinary Resolution)

11. Approval for Increase in Remuneration of Mr. Shekhar Jain holding an office or place of profit (Ordinary Resolution)

During the special business items, Mr. Rajendra Jain declared his interest and Mr. Rajesh Jain was elected as alternative Chairman for those items.

Voting Results Status

The voting results of the 38th AGM will be announced upon receipt of the Scrutinizer's Report and will be submitted as per Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.