Board Meeting Details
The Board of Directors meeting was held on Tuesday, September 01, 2026 at the registered office of the Company. The meeting commenced at 12:00 PM and concluded at 12:30 PM.
Key Decision Approved
Based on the recommendation of the Nomination and Remuneration Committee, the Board approved:
- Payment of remuneration to Shri Parshottambhai Laljibhai Vaghasiya (DIN: 07662195), Director of the Company
- Remuneration period: Three years from September 29, 2026 to September 28, 2029
- Remuneration amount: Up to ₹12,00,000 (Rupees Twelve Lakhs) per annum
- Remuneration composition: Inclusive of variable pay, perquisites, and other allowances/benefits
- Continuation as director notwithstanding that he has attained the age of 78 years
Approval Requirements
The approval is subject to the approval of members at the ensuing Annual General Meeting (AGM) of the Company.
Director Profile Details
Shri Parshottambhai Laljibhai Vaghasiya has been associated with the Company as a Director since its incorporation and has been actively involved in the affairs and management of the Company. He holds a Diploma in Mechanical Engineering and possesses extensive experience and knowledge of the Company's business and operations.
Director Relationships
Shri Parshottambhai Laljibhai Vaghasiya is the father-in-law of Smt. Sangita Niteshbhai Vaghasiya (Managing Director) and father of Shri Ramnik P. Vaghasiya (Whole-time Director) of the Company.