Meeting Details
Date: Monday, September 28, 2026
Time: Commenced at 1:00 PM IST and concluded at 1:34 PM IST
Location: Held through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The deemed venue was Gut No.399, Samangaon-Kajla Road, In Front Of Meenatai Thakare Vridhashram, Samangaon Jalna MH 431203, India.
Type of Meeting: 21st Annual General Meeting
Attendance and Quorum
Members Attending: 39 members attended the meeting virtually in person.
Quorum: The requisite quorum was ascertained and confirmed from the attendance register at the commencement of the meeting.
Proxies: The requirement of appointing proxies was not applicable as per MCA and SEBI circulars.
Proposed Resolutions
Ordinary Businesses
1. To receive, consider and adopt Standalone and Consolidated Audited Financial Statements including Profit and Loss Account Balance Sheet for the year ended March 31, 2026, along with Directors Report and Audited Report of the Company (Ordinary Resolution)
2. To Consider and Approve the Appointment of M/S. Singh Mundada & Associates, Chartered Accountants (FRN:122059W), as Statutory Auditors of the company and to fix their remuneration (Ordinary Resolution)
3. To appoint a Director in place of Mr. Ramesh Gopikishan Mundada (DIN-00153255), who retires by rotation at this AGM and being eligible offers himself for reappointment (Ordinary Resolution)
Special Business
4. Ratification of Remuneration of Cost Auditors for the Financial Year 2026-27 (Ordinary Resolution)
5. Reappointment of Mr. Sanjay Kachrulal Rathi (DIN: 00182739) as Managing Director and chairman of the Company subject to approval of shareholders (Special Resolution)
6. Alteration in the Object Clause of the Company by Addition in object (Special Resolution)
Voting Process
Remote E-Voting Period: Commenced at 09:00 AM on Friday, September 25, 2026, and remained open until 05:00 PM on Sunday, September 27, 2026.
E-Voting at AGM: Facility to vote through the e-voting platform of National Securities Depository Limited (NSDL) was made available during the meeting for members who had not cast votes through remote e-voting. This facility remained active for 15 minutes during the meeting.
Scrutinizer: Mr. Piyush Agrawal, Practicing Chartered Accountant, was appointed as Scrutinizer for both remote e-voting and e-voting at the AGM.
Results Timeline: The Scrutinizer's combined report on voting is expected within 2 working days from the conclusion of the AGM. Consolidated results will be announced within 2 working days and intimated to stock exchanges as per Listing Regulations.
Key Participants
Directors Present:
- Mr. Sanjay Kachrulal Rathi - Executive Director (Chairman & Managing Director)
- Mrs. Sharda Ghansham Sikchi - Whole Time Women Director
- Mr. Ravindra Mishrilal Bangad - Executive Director (Chairperson of the meeting)
- Mr. Gopal Satyanarayan Mundada - Independent Director
- Mr. Kailash Shrikisan Biyani - Independent Director
- Mr. Vivek Mohanlal Maniyar - Independent Director
Officers Present:
- Mr. Anupkumar Gindodiya - Chief Financial Officer
- Mr. Gaurav Ramnivas Karwa - Company Secretary and Compliance Officer
- Mrs. Dipika Dalmiya
Auditors Present:
- CA Balaji Singh (partner of M/s Singh Mundada & Associates, Statutory Auditors)
- Mr. Sagar Deo (Secretarial Auditor)
Proceedings Overview
Mr. Anupkumar Gindodiya, CFO, welcomed members and confirmed quorum. The Notice of AGM, Financial Statements, Statutory Auditor's Report, Secretarial Auditor's Report, and Board Report were taken as read with the consent of members. Mr. Sanjay Kachrulal Rathi, Managing Director, delivered a speech apprising members about company operations, achievements, and future outlook. Mr. Gindodiya presented an overview of the company's financial performance for FY 2025-26.
Compliance Statement
The meeting was conducted in compliance with General Circulars issued by the Ministry of Corporate Affairs (MCA Circulars), Circulars issued by SEBI (SEBI Circular), and applicable provisions of the Companies Act, 2013 and Rules made thereunder, and SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.
Document Availability
All statutory registers, books, records, and the Annual Report for financial year 2025-26 were open for inspection and accessible by members during the meeting. The intimation of the meeting proceedings is being placed on the company's website.