Event Details

The 18th AGM was held on Monday, 09th September 2026 from 02:00 P.M. to 02:28 P.M. through Video Conference/Other Audio Visual Means (VC/OAVM).

Scrutinizer Appointment

Himanshu Gupta, Proprietor of M/s. Himanshu S K Gupta & Associates, Practicing Company Secretaries, Ahmedabad, was appointed as the Scrutinizer by the Board of Directors on 13th August 2026 to scrutinize the remote e-voting process.

Voting Process and Eligibility

The remote e-voting facility was provided by Central Depository Securities Limited (CDSL).

  • Cut-off Date: Wednesday, 02nd September 2026. Shareholders on record as of this date were entitled to vote.
  • E-voting Period: Commenced at 09:00 A.M. on Saturday, 05th September 2026 and ended at 05:00 P.M. on Tuesday, 08th September 2026.
  • Total Shareholders on Record Date: 1,265
  • Shareholders Present via VC/OAVM: 26 (5 from Promoter and Promoter Group, 21 from Public)

Resolutions and Voting Results

All six resolutions proposed in the notice dated 18th August 2026 were passed with 100% of the valid votes cast in favor. A total of 12,113,989 votes were polled, representing 63.2153% of the total outstanding shares (19,163,055).

1. Ordinary Resolution: Adoption of Financial Statements

  • Description: To receive, consider, and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.
  • Votes in Favour: 12,113,989 (100% of votes polled)
  • Votes Against: 0
  • Promoter Interest: No

2. Ordinary Resolution: Re-appointment of Director

  • Description: To re-appoint Mrs. Usha Gupta (DIN: 02261425), who retired by rotation.
  • Votes in Favour: 12,113,989 (100% of votes polled)
  • Votes Against: 0
  • Promoter Interest: Yes

3. Ordinary Resolution: Increase in Authorised Capital

  • Description: To increase the authorised capital and alter the capital clause of the memorandum of association.
  • Votes in Favour: 12,113,989 (100% of votes polled)
  • Votes Against: 0
  • Promoter Interest: No

4. Special Resolution: Preferential Issue for Acquisition

  • Description: Issue of equity shares for consideration other than cash through a preferential issue, pursuant to the proposed acquisition of Ricardo Elevators Private Limited by way of a share swap.
  • Votes in Favour: 12,113,989 (100% of votes polled)
  • Votes Against: 0
  • Promoter Interest: No

5. Special Resolution: Increase in Borrowing Limits

  • Description: To increase the borrowing limits of the board pursuant to section 180(1)(c) of the Companies Act, 2013.
  • Votes in Favour: 12,113,989 (100% of votes polled)
  • Votes Against: 0
  • Promoter Interest: No

6. Special Resolution: Powers for Asset Disposal

  • Description: To empower the board for sale, lease, or other disposal of the whole or substantially the whole of the undertaking of the company, both present and future u/s 180(1)(a) of the Companies Act, 2013.
  • Votes in Favour: 12,113,989 (100% of votes polled)
  • Votes Against: 0
  • Promoter Interest: Yes

Category-wise Voting Breakdown

For all resolutions, the voting pattern was consistent:

  • Promoter and Promoter Group: Held 12,033,395 shares. Voted 12,033,395 shares (100% of their holding)全部 in favor via e-voting.
  • Public - Non-Institutions: Held 7,129,660 shares. Voted 80,594 shares (1.1304% of their holding)全部 in favor via e-voting.
  • Public - Institutions: Held 0 shares. Did not cast any votes.
  • Invalid Votes: There were no invalid votes recorded for any category across all resolutions.

Effective Date

All resolutions are deemed to have been passed on the date of the AGM, Wednesday, 09th September 2026.