Meeting Details

  • Date of Meeting: August 22, 2026
  • Meeting Type: Annual General Meeting
  • Meeting Timing: 11:40 AM IST to 12:26 PM IST
  • Record Date: August 15, 2026
  • Total Shareholders on Record Date: 14,682
  • Shareholders Attended via VC: 60 (4 Promoters + 56 Public)
  • Number of Resolutions: 12

Scrutinizer Details

  • Name: Anjali Sangtani
  • Firm: M/s. SCS & CO LLP
  • Qualification: CS
  • Membership Number: F14118
  • Appointment Date: July 30, 2026
  • Report Issuance Date: August 24, 2026

Voting Methodology

Remote e-voting was conducted through NSDL from August 19, 2026 (9:00 AM) to August 21, 2026 (5:00 PM). Additional remote electronic voting was available during the AGM for shareholders who hadn't voted previously, open until 15 minutes after meeting conclusion.

Resolution-wise Voting Results

Resolution 1: Adoption of Audited Standalone Financial Statements

  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Total Votes Polled: 71,993,934 (63.67% of outstanding shares)
  • In Favor: 100% of votes polled
  • Result: Passed

Resolution 2: Adoption of Audited Consolidated Financial Statements

  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Total Votes Polled: 71,991,494 (63.67% of outstanding shares)
  • In Favor: 100% of votes polled
  • Result: Passed

Resolution 3: Declaration of Final Dividend

  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Dividend: ₹5.00 per equity share (face value ₹10 each) for FY ended March 31, 2026
  • Total Votes Polled: 71,994,901 (63.67% of outstanding shares)
  • In Favor: 100% of votes polled
  • Result: Passed

Resolution 4: Re-appointment of Mrs. Dhruti Mihir Shah (DIN: 07664924) as Whole Time Director

  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Total Votes Polled: 71,993,201 (63.67% of outstanding shares)
  • In Favor: 99.96% of votes polled
  • Against: 30,540 votes (0.04%)
  • Result: Passed

Resolution 5: Appointment of M/s. Talati & Talati LLP as Statutory Auditors

  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Total Votes Polled: 71,993,901 (63.67% of outstanding shares)
  • In Favor: 99.9992% of votes polled
  • Against: 600 votes (0.0008%)
  • Result: Passed

Resolution 6: Ratification of M/s. Mittal V. Kothari & Associates as Secretarial Auditor

  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Total Votes Polled: 71,993,901 (63.67% of outstanding shares)
  • In Favor: 99.9958% of votes polled
  • Against: 3,040 votes (0.0042%)
  • Result: Passed

Resolution 7: Approval for Loans/Guarantees/Security under Section 185

  • Type: Special Resolution
  • Promoter Interest: No
  • Total Votes Polled: 71,993,901 (63.67% of outstanding shares)
  • In Favor: 99.87% of votes polled
  • Against: 95,187 votes (0.13%)
  • Result: Passed

Resolution 8: Investments/Loans/Guarantees beyond Section 186 Limits

  • Type: Special Resolution
  • Promoter Interest: No
  • Total Votes Polled: 71,993,901 (63.67% of outstanding shares)
  • In Favor: 99.87% of votes polled
  • Against: 95,696 votes (0.13%)
  • Result: Passed

Resolution 9: Borrowing Authority beyond Paid-up Capital under Section 180(1)(c)

  • Type: Special Resolution
  • Promoter Interest: No
  • Total Votes Polled: 71,993,879 (63.67% of outstanding shares)
  • In Favor: 99.87% of votes polled
  • Against: 95,773 votes (0.13%)
  • Result: Passed

Resolution 10: Creation of Charges/Mortgages under Section 180(1)(A)

  • Type: Special Resolution
  • Promoter Interest: No
  • Total Votes Polled: 71,993,879 (63.67% of outstanding shares)
  • In Favor: 99.87% of votes polled
  • Against: 95,450 votes (0.13%)
  • Result: Passed

Resolution 11: Approval of Material Related Party Transactions with Kotyark Bio Specialities Limited

  • Type: Ordinary Resolution
  • Promoter Interest: Yes (Promoters did not vote)
  • Total Votes Polled: 6,015,901 (5.32% of outstanding shares)
  • In Favor: 99.52% of votes polled
  • Against: 28,735 votes (0.48%)
  • Invalid Votes: 1,147,234
  • Result: Passed

Resolution 12: Approval of Remuneration of Related Party Mr. Brijkumar Gaurang Shah

  • Type: Ordinary Resolution
  • Promoter Interest: Yes (Promoters did not vote)
  • Total Votes Polled: 6,015,956 (5.32% of outstanding shares)
  • In Favor: 98.43% of votes polled
  • Against: 94,476 votes (1.57%)
  • Invalid Votes: 1,147,234
  • Result: Passed

Shareholding Pattern

  • Total Outstanding Shares: 113,070,276
  • Promoter & Promoter Group Holdings: 64,830,744 shares (57.34%)
  • Public Institutions Holdings: 118,327 shares (0.10%)
  • Public Non-Institutions Holdings: 48,121,205 shares (42.56%)

Voting Participation

  • Promoter Voting Participation: 100% across all resolutions where they voted
  • Public Institutions Voting Participation: 100% across all resolutions
  • Public Non-Institutions Voting Participation: Ranged from 12.26% to 14.64% across resolutions

Invalid Votes

Invalid votes were recorded only for Resolutions 11 and 12 (1,147,234 votes each), related to related party transactions where promoters were interested and did not vote.