Key Decisions and Quantitative Figures

1. Bonus Issue Approval

The Board approved the issuance of bonus shares in the ratio of 7 (seven) bonus shares for every 24 (twenty-four) shares held.

  • Pre-bonus paid-up capital: ₹27,27,75,970 (2,72,77,597 equity shares of ₹10 each)
  • Post-bonus paid-up capital: ₹35,23,35,630 (3,52,33,563 equity shares of ₹10 each)
  • Total number of shares to be issued: 79,55,966 equity shares
  • Source of bonus: Free reserves created out of profits
  • Amount capitalized from reserves: ₹7,95,59,660
  • Available reserves (Retained Earnings/P&L A/c balance): ₹906.88 lakhs (audited as of March 31, 2026)
  • Approval status: Subject to approval by regulatory authorities and shareholders at the Annual General Meeting (AGM)
  • Likely completion date: September 28, 2026 (2 months from board approval date of July 28, 2026)

2. Appointment of Statutory Auditors

The Board approved the appointment of APT & Co LLP, Chartered Accountants, as the new Statutory Auditors of the company.

  • Date of Appointment: July 28, 2026
  • Approval status: Subject to shareholder approval
  • Firm Profile: APT & Co LLP is described as a leading CA firm in India with a branch office in Chandigarh. The profile highlights CA Amitoz Singh Kamboj (B. Com, FCA, LLB), a fellow member of ICAI with vast experience in direct taxes, who has served as Vice-Chairman of the Chandigarh Branch of ICAI and previously held the position of Treasurer.
  • Relation to Directors: Disclosure states "NA" indicating no relationship between the auditor and company directors.

3. Annual General Meeting (AGM) Details

The Board approved various matters related to the 34th Annual General Meeting for FY 2025-26.

  • AGM Date: Friday, August 21, 2026
  • AGM Time: 4:30 PM
  • AGM Venue: Registered office of the company at 545, Jubilee Walk, Sector 70, Mohali 160071, Punjab
  • Record Date for AGM: August 7, 2026
  • Book Closure Period: August 10, 2026 to August 21, 2026 (both days inclusive)

4. E-voting Schedule

The Board approved the following remote e-voting schedule for the AGM:

  • Remote e-Voting Start: August 18, 2026 at 9:00 AM
  • Remote e-Voting End: August 20, 2026 at 5:00 PM

5. Other Approvals

The Board also approved the Director's Report including the Annual Report and Notice for the 34th AGM. The Board reviewed the day-to-day functioning of the company and expressed satisfaction over the smooth running of company affairs.

Meeting Logistics

  • Board Meeting Date: July 28, 2026
  • Meeting Start Time: 4:30 PM
  • Meeting End Time: 5:15 PM
  • Duration: 45 minutes