Meeting Details
The 36th Annual General Meeting was held on Wednesday, 12th August, 2026 through Video Conferencing/Other Audio Visual Means (VC/OAVM) at 3:00 P.M. and concluded at 3:47 P.M. The deemed venue for the meeting was the Corporate Office of the Company situated at 8th Floor, Brilliant Sapphire, Plot No. 10, PSP, IDA, Scheme No. 78, Part II, Indore (M.P.) 452010. The Chairman declared the result of voting on 13th August, 2026 based on the scrutinizer's report.
Proposed Resolutions and Implications
Four resolutions were presented for shareholder approval:
1. Ordinary Resolution: Adoption of Standalone and Consolidated Audited Financial Statements for the year ended 31st March, 2026, including Balance Sheet, Statement of Profit & Loss, Cash Flow, Change in Equity and notes thereto, along with reports of Board of Directors and Auditors.
2. Ordinary Resolution: Re-appointment of Shri Shiv Singh Mehta (DIN 00023523) who retires by rotation under Section 152(6) of the Companies Act, 2013.
3. Ordinary Resolution: Ratification of remuneration of M/s Dhananjay V. Joshi & Associates (FRN: 000030) as Cost Auditor for Financial Year 2026-27.
4. Special Resolution: Confirmation of re-appointment and fixation of remuneration of Mr. Shiv Singh Mehta (DIN: 00023523) as Chairman and Managing Director of the Company.
Voting Process and Methods
The voting process included:
- Remote E-voting: Conducted through CDSL platform (EVSN: 260727009) from Sunday, 9th August, 2026 at 9:00 A.M. to Tuesday, 11th August, 2026 at 5:00 P.M.
- E-voting at AGM: Conducted during the meeting for shareholders present through VC/OAVM who had not voted remotely
- The cut-off date for determining voting eligibility was Wednesday, 5th August, 2026
Key Voting Outcomes
Overall Participation:
- Total shareholders on record date: 11,430
- Total equity shares outstanding: 52,696,000
- Total votes cast: 36,457,244 (69.1841% of outstanding shares)
- Total shareholders who voted: 43 (42 through remote e-voting, 1 through e-voting at AGM)
- Shareholders present at meeting: 57 (5 Promoters, 52 Public)
Resolution-wise Results:
Item 1 - Adoption of Financial Statements (Ordinary Resolution):
- Votes in favor: 36,456,038 (99.9967% of votes polled)
- Votes against: 1206 (0.0033% of votes polled)
- Passed as ordinary resolution
Item 2 - Re-appointment of Director (Ordinary Resolution):
- Votes in favor: 36,455,638 (99.9956% of votes polled)
- Votes against: 1606 (0.0044% of votes polled)
- Passed as ordinary resolution
Item 3 - Ratification of Cost Auditor Remuneration (Ordinary Resolution):
- Votes in favor: 36,455,867 (99.9963% of votes polled)
- Votes against: 1377 (0.0037% of votes polled)
- Passed as ordinary resolution
Item 4 - Re-appointment as Chairman & MD (Special Resolution):
- Votes in favor: 36,455,638 (99.9956% of votes polled)
- Votes against: 1606 (0.0044% of votes polled)
- Passed as special resolution
Category-wise Voting Breakdown:
All promoter votes (36,399,153 shares) were cast in favor of all resolutions. Public non-institutional shareholders cast 60,098 votes across all resolutions with majority support.
Scrutinizer's Role and Findings
M/s Ishan Jain & Co., Company Secretaries were appointed as scrutinizers. They:
- Verified the remote e-voting and e-voting at AGM processes
- Unblocked results in presence of witnesses Ms. Divya Agrawal and Mr. Arin Pratap Singh
- Confirmed all resolutions passed with requisite majority
- Maintained custody of all voting records until results declaration
The scrutinizer confirmed compliance with Section 108 of Companies Act, 2013 read with Rule 20 of Companies (Management and Administration) Rules, 2014 and relevant MCA circulars.
Compliance Confirmation
The company confirmed compliance with:
- Companies Act, 2013 and relevant rules
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- MCA circulars for conducting AGM through VC/OAVM
- Notice dispatch and publication requirements in Free Press Journal (English) and Choutha Sansar (Hindi) on 23rd July, 2026