Event Details

Meeting Type: 34th Annual General Meeting (AGM)

Meeting Date: September 18, 2026

Meeting Time: 3:30 PM to 3:37 PM

Record Date: September 11, 2026

Voting Process

The company provided remote e-voting facility and e-voting during the meeting pursuant to Section 108 of Companies Act, 2013 and Regulation 44 of SEBI (LODR) Regulations, 2015. Chintan K Patel, Practicing Company Secretary (Membership No. 31987), was appointed as Scrutinizer on August 11, 2026, and submitted his report on September 18, 2026.

Shareholder Participation

Total shareholders on record date: 76,072

Shareholders attended through video conferencing:

  • Promoters and Promoter group: 4
  • Public: 33

Resolution Results

All 8 resolutions contained in the Notice of 34th AGM dated August 21, 2026 were duly passed.

Resolution 1: Adoption of Annual Audited Standalone Financial Statements

Type: Ordinary

Promoter interest: No

Total votes polled: 119,984,460 (42.262% of outstanding shares)

Votes in favor: 119,978,402 (99.995% of votes polled)

Votes against: 6,058 (0.005% of votes polled)

Resolution 2: Appointment of Director in place of Mr. Ashok Chinubhai Shah (DIN: 02467830)

Type: Ordinary

Promoter interest: No

Total votes polled: 119,984,460 (42.262% of outstanding shares)

Votes in favor: 119,913,355 (99.9407% of votes polled)

Votes against: 71,105 (0.0593% of votes polled)

Resolution 3: Appointment of M/s Khimani and Co., Chartered Accountants (Firm reg. No. 0130022W) as Statutory Auditors

Type: Ordinary

Promoter interest: No

Total votes polled: 119,984,460 (42.262% of outstanding shares)

Votes in favor: 119,913,355 (99.9407% of votes polled)

Votes against: 71,105 (0.0593% of votes polled)

Resolution 4: Entering into Material Related Party Transactions with Rhetan TMT Limited

Type: Special

Promoter interest: Yes

Total votes polled: 1,477,422 (0.5204% of outstanding shares)

Votes in favor: 1,406,452 (95.1964% of votes polled)

Votes against: 70,970 (4.8036% of votes polled)

Resolution 5: Entering into Material Related Party Transactions with Ashnisha Industries Limited

Type: Special

Promoter interest: Yes

Total votes polled: 1,477,422 (0.5204% of outstanding shares)

Votes in favor: 1,406,445 (95.1959% of votes polled)

Votes against: 70,977 (4.8041% of votes polled)

Resolution 6: Entering into Material Related Party Transactions with Ashoka Metcast Limited

Type: Special

Promoter interest: Yes

Total votes polled: 1,477,422 (0.5204% of outstanding shares)

Votes in favor: 1,406,445 (95.1959% of votes polled)

Votes against: 70,977 (4.8041% of votes polled)

Resolution 7: Entering into Material Related Party Transactions with Gujarat Natural Resources Limited

Type: Special

Promoter interest: Yes

Total votes polled: 1,477,422 (0.5204% of outstanding shares)

Votes in favor: 1,406,445 (95.1959% of votes polled)

Votes against: 70,977 (4.8041% of votes polled)

Resolution 8: Entering into Material Related Party Transactions with Lesha Ventures Private Limited

Type: Special

Promoter interest: Yes

Total votes polled: 1,477,422 (0.5204% of outstanding shares)

Votes in favor: 1,375,159 (93.0783% of votes polled)

Votes against: 102,263 (6.9217% of votes polled)

Scrutinizer's Report Details

The scrutinizer's report provided additional breakdown of voting by method:

Resolution 1:

  • 65 members voted via e-voting (119,926,056 votes, 99.95% in favor)
  • 4 members voted at AGM (52,346 votes, 0.04% in favor)
  • 2 members voted against (6,058 votes, 0.01%)

Resolution 2:

  • 65 members voted via e-voting (119,861,059 votes, 99.90% in favor)
  • 3 members voted at AGM (52,296 votes, 0.04% in favor)
  • 3 members voted against (71,105 votes, 0.06%)

Resolution 3:

  • 65 members voted via e-voting (119,861,059 votes, 99.90% in favor)
  • 3 members voted at AGM (52,296 votes, 0.04% in favor)
  • 3 members voted against (71,105 votes, 0.06%)

Related Party Transaction Resolutions (4-8):

Similar patterns observed with 60-64 members participating via e-voting and 2-4 members voting at AGM, with opposition votes ranging from 70,970 to 102,263 across different resolutions.

Shareholding Pattern

Total outstanding shares: 283,906,135

Promoter and Promoter Group: 118,507,038 shares (41.74%)

Public Institutions: 2,403,345 shares (0.85%)

Public Non-Institutions: 162,995,752 shares (57.41%)