Meeting Details

The 20th Annual General Meeting will be held on Tuesday, September 29, 2026 at 9:30 a.m. (IST) through Video Conferencing/Other Audio-Visual Means. The Registered Office of the Company shall be deemed to be the venue for the 20th AGM.

Proposed Resolutions and Implications

Ordinary Business:

1. To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors

2. To appoint Mr. Anil Dhanpat Agrawal (DIN: 00360114) who retires by rotation and offers himself for reappointment

Special Business:

3. To appoint M/s U B Lakhani & Company, Chartered Accountants (FRN:105532W) as Statutory Auditors for a term of 5 consecutive years commencing from conclusion of 20th AGM till conclusion of 25th AGM at an annual remuneration plus applicable taxes and reimbursement of out-of-pocket expenses

4. To approve the appointment of M/s U B Lakhani & Company, Chartered Accountants to fill the casual vacancy caused by resignation of existing Statutory Auditors M/s. Jignesh Savla & Associates, effective from September 01, 2026 until conclusion of 20th AGM

5. To approve appointment of Mr. Badatala Sreenivasa Rao (DIN: 08263305) as Non-Executive Independent Director for 5 consecutive years from July 21, 2026 to July 20, 2031

6. To approve appointment of Mr. Krishnaprasad Sunder Rao (DIN: 08640069) as Whole-time Director for 5 consecutive years from July 21, 2026 to July 20, 2031 with remuneration up to ₹25,00,000 per annum

7. To approve appointment of Mr. Mithlesh Jaiswal (DIN: 07946915) as Executive Director for 5 consecutive years from July 21, 2026 to July 20, 2031 with remuneration up to ₹30,00,000 per annum

8. To approve borrowing limits under Section 180(1)(c) of Companies Act, 2013 not exceeding ₹100 Crores

9. To enhance limits of Investments/Loans/Guarantees/Securities under Section 186 of Companies Act, 2013 up to ₹200 Crores

Voting Process and Methods

The Company is providing facility of remote e-Voting through BigShare Services Private Limited. Members can cast votes online from 9:00 A.M. (IST) on Saturday, September 26, 2026 to 5:00 P.M. (IST) on Monday, September 28, 2026.

Individual shareholders holding securities in demat mode can vote through their demat accounts with CDSL or NSDL. Other shareholders can vote through the BigShare i-Vote E-Voting System at https://ivote.bigshareonline.com.

Scrutinizer Appointment

The Board has appointed M/s Shravan. A. Gupta & Associates, Company Secretaries (CPNo.9990) to act as Scrutinizer to scrutinize the voting during the AGM and remote e-voting process. The Scrutinizer will submit a consolidated report within 48 hours of conclusion of the AGM.

Compliance Confirmation

The notice confirms compliance with:

  • Ministry of Corporate Affairs Circulars: No. 14/2020, 17/2020, 20/2020, 02/2021, 02/2022, 10/2022, 09/2023, 09/2024, and 03/2025
  • SEBI Circulars: No. SEBI/HO/CFD/CMD1/CIR/P/2020/79, SEBI/HO/CFD/CMD2/CIR/P/2021/11, SEBI/HO/CFD/PoD2/P/CIR/2023/4, SEBI/HO/CFD/PoD-2/P/CIR/2023/167, and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133
  • Companies Act, 2013 provisions
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

The Explanatory Statement provides detailed background on each resolution, including:

  • Rationale for auditor change due to resignation of previous auditors
  • Professional background of proposed auditors U B Lakhani & Company
  • Qualifications and experience of proposed directors
  • Financial performance indicators showing Total Income of ₹460.02 lakhs for FY2026 and Profit before tax of ₹104.42 lakhs
  • Reasons for past losses attributed to borrowing costs and SOP fine
  • Steps taken for improvement including recent preferential allotment to augment equity base

The notice also includes comprehensive voting instructions, helpdesk contacts, and procedures for joining the virtual AGM.