Meeting Details

The 18th Annual General Meeting of Lexus Granito (India) Limited was held on Wednesday, 30th September 2026 at 4:31 P.M. IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The deemed venue for the meeting was the registered office of the Company at Survey No. 800, Opp. Lekhchirpur Village, Lakhchirpur Road, N.H. B-A, Tal. Morbi-363 642 (Gujarat) INDIA. The meeting concluded at 4:36 P.M. IST on the same day.

Proposed Resolutions and Implications

Three ordinary resolutions were proposed for shareholder approval:

1. Ordinary Resolution 1: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Statement of Profit and Loss, notes, cash flow statement, and Reports of the Board of Directors and the Auditor.

2. Ordinary Resolution 2: To appoint a director in place of Mr. Hitesh Babulal Detroja (DIN: 02760273), who retires by rotation and being eligible, offers himself for re-appointment. The promoter/promoter group was interested in this resolution.

3. Ordinary Resolution 3: To appoint M/s. Jay Pandya & Associates, Practicing Company Secretaries, Ahmedabad (FRN: S2024GJ963300) as the Secretarial Auditor of the Company for a period of five (5) years.

Voting Process and Methods

The voting was conducted through two methods:

  • Remote E-Voting: Opened for three days from 9:00 A.M. on Sunday, September 27, 2026, to 5:00 P.M. on Tuesday, September 29, 2026, through the platform provided by National Securities Depository Limited (NSDL).
  • Remote Electronic Voting during AGM: Available to shareholders present at the virtual meeting who had not voted through the remote e-voting platform. This facility was available until 15 minutes after the closure of the AGM.

The cut-off date for determining shareholders entitled to vote was Wednesday, September 23, 2026. Physical attendance and appointment of proxies were dispensed with in accordance with MCA and SEBI circulars related to COVID-19.

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 20,790,724
  • Total votes polled: 5,212,909
  • Overall voting percentage: 25.0734%
  • No invalid votes were cast across all shareholder categories

Resolution-wise Results (SEBI Format)

Resolution 1: Adoption of Financial Statements
  • Total Votes in Favor: 5,200,425 (99.7605% of votes polled)
  • Total Votes Against: 12,484 (0.2395% of votes polled)
  • Result: Passed

Category-wise Breakdown:

  • Promoter and Promoter Group: 5,199,015 shares voted (47.26% of holdings), 100% in favor
  • Public Institutions: 0 shares voted
  • Public Non-Institutions: 13,894 shares voted (0.1419% of holdings), 1,410 in favor (10.1483%), 12,484 against (89.8517%)
Resolution 2: Re-appointment of Director (Mr. Hitesh Babulal Detroja)
  • Total Votes in Favor: 5,200,425 (99.7605% of votes polled)
  • Total Votes Against: 12,484 (0.2395% of votes polled)
  • Result: Passed

Category-wise Breakdown:

  • Promoter and Promoter Group: 5,199,015 shares voted (47.26% of holdings), 100% in favor
  • Public Institutions: 0 shares voted
  • Public Non-Institutions: 13,894 shares voted (0.1419% of holdings), 1,410 in favor (10.1483%), 12,484 against (89.8517%)
Resolution 3: Appointment of Secretarial Auditor
  • Total Votes in Favor: 5,200,425 (99.7605% of votes polled)
  • Total Votes Against: 12,484 (0.2395% of votes polled)
  • Result: Passed

Category-wise Breakdown:

  • Promoter and Promoter Group: 5,199,015 shares voted (47.26% of holdings), 100% in favor
  • Public Institutions: 0 shares voted
  • Public Non-Institutions: 13,894 shares voted (0.1419% of holdings), 1,410 in favor (10.1483%), 12,484 against (89.8517%)

Shareholder Participation Details (Companies Act Format)

For all three resolutions:

  • In Favor: 10 members cast 5,200,425 votes (99.7605%) through remote e-voting prior to AGM
  • Against: 1 member cast 12,484 votes (0.2395%) through remote e-voting prior to AGM
  • Invalid Votes: 0 votes
  • No votes were cast during the AGM through remote electronic voting

Scrutinizer's Role and Findings

Mr. Parmar Jitendra Pradipbhai, Practising Company Secretary (FRN No.: S2023GJ903900, COP No.: 15863, Membership No: F11336), was appointed as the Scrutinizer to conduct the voting process in a fair and transparent manner.

The scrutinizer reported that:

  • The remote e-voting was unblocked in the presence of two witnesses (Mr. Prem Patel and Ms. Shyveta Hanj) on September 30, 2026, around 6:50 P.M. IST
  • All voting reports were generated from the NSDL e-voting system in the scrutinizer's presence
  • No invalid votes were found during the scrutiny process
  • All relevant records will remain in the scrutinizer's safe custody until the Chairman approves and signs the minutes of the AGM

Compliance with Laws and Regulations

The voting process was conducted in compliance with:

  • Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
  • MCA General Circulars No. 14/2020, 17/2020, 11/2022, and 09/2023
  • SEBI Circulars dated May 12, 2020, January 15, 2021, and May 13, 2022
  • Secretarial Standard-2 on General Meetings issued by ICSI

Additional Information

The company dispatched the AGM notice via email on September 17, 2026, to members with registered email addresses. For shareholders without registered emails, the company provided procedures to register their email addresses. The notice was also available on the company's website (www.lexusgranito.com), NSDL's e-voting website (www.evoting.nsdl.com), and NSE's website (www.nseindia.com). Newspaper advertisements were published in Financial Express (English) and Financial Express (Gujarati) on September 19, 2026.