Meeting Details
The 34th Annual General Meeting was held on Thursday, August 27, 2026 at 1:15 PM through Video Conferencing and concluded at 1:28 PM IST. All seven items (Item 1 to 7) mentioned in the Notice of the 34th Annual General Meeting were passed by members.
Scrutinizer Appointment
Mayank Arora, Partner of Mayank Arora & Co., Company Secretaries, was appointed as Scrutinizer under Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014.
Voting Process Details
- Cut-off date for shareholder eligibility: Monday, August 3, 2026
- Remote e-voting period: Monday, August 24, 2026 (9:00 AM IST) to Wednesday, August 26, 2026 (5:00 PM IST)
- E-voting system provided by National Securities Depository Limited (NSDL)
- Votes were unblocked on Thursday, August 27, 2026 at 1:43 PM IST after conclusion of AGM
- Witnessed by Ms. Nishita Gandhi and Ms. Krishna Patel (non-employees of Company/NSDL)
Resolution Voting Results
Ordinary Business
Resolution 1: Approval and Adoption of Audited Standalone Financial Statements
- Total valid votes cast: 1,50,29,360 shares (100% in favor)
- Resolution passed as ordinary resolution
Resolution 2: Re-appointment of Mrs. Asha Shah (DIN: 00041005) as Director
- Total valid votes cast: 1,12,49,296 shares (100% in favor)
- Votes cast by interested party not considered
- Resolution passed as ordinary resolution
Special Business
Resolution 3: Re-appointment of Mr. Manish Shah (DIN: 00040966) as Managing Director
- Total valid votes cast: 1,11,80,760 shares (100% in favor)
- Votes cast by interested party not considered
- Resolution passed as ordinary resolution
Resolution 4: Re-appointment of Mr. Nilesh Jain (DIN: 00040930) as Whole Time Director
- Total valid votes cast: 95,93,024 shares (100% in favor)
- Votes cast by interested party not considered
- Resolution passed as ordinary resolution
Resolution 5: Appointment of Secretarial Auditor for FY2026-27 to FY2030-31
- Total valid votes cast: 1,50,29,360 shares (100% in favor)
- Resolution passed as ordinary resolution
Resolution 6: Appointment and Remuneration of Cost Auditor
- Total valid votes cast: 1,50,29,360 shares (100% in favor)
- Resolution passed as ordinary resolution
Resolution 7: Approval of Material Related Party Transaction
- Total valid votes cast: 1,20,000 shares (100% in favor)
- Votes cast by related parties not considered
- Resolution passed as ordinary resolution
Shareholding Pattern Analysis
Total outstanding shares: 2,24,39,360 shares
- Promoter and Promoter Group: 1,49,09,360 shares (66.43%)
- Public Non-Institutions: 75,30,000 shares (33.57%)
Category-wise Voting Participation
For Resolution 1 (Financial Statements approval):
- Promoter Group: 1,49,09,360 votes cast (100% of their holding)
- Public Non-Institutions: 1,20,000 votes cast (1.59% of their holding)
- Total participation: 1,50,29,360 shares (66.98% of total outstanding)
Record Keeping
Electronic data and relevant records relating to e-voting will be handed over to Saachi Rajesh Madnani (Company Secretary and Compliance Officer) for preservation after Chairman approves and signs the AGM minutes.