AGM Details

The 75th AGM is scheduled to be held on Monday, September 28, 2026, at 16:00 (IST). The meeting will be conducted entirely through Video Conferencing (VC) / Other Audio Visual Means (OAVM). This mode of meeting is in compliance with the provisions of the Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, specifically citing MCA Circular Nos. 14/2020, 17/2020, and 20/2020, which have been extended to allow such meetings until September 30, 2026.

Business to be Transacted

Ordinary Business:

1. To consider and adopt the Audited Financial Statements: To receive, consider, and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.

2. Appointment of Director: To appoint a director in place of Mrs. Dipali Joshi (DIN: 09561518), who retires by rotation and, being eligible, offers herself for re-appointment.

Special Business:

3. Re-appointment of Independent Director: To re-appoint Mr. Nandkishor Yashwant Joshi (DIN: 09324612) as an Independent Director of the Company for a second term of five consecutive years, effective from November 12, 2026, to November 11, 2031.

Record Date and Voting Details

The cut-off date (record date) for determining shareholder eligibility to vote is Monday, September 21, 2026.

The facility of remote e-voting is provided. The voting period begins on Wednesday, September 23, 2026, at 9:00 AM (IST) and ends on Sunday, September 27, 2026, at 5:00 PM (IST).

Shareholders who vote via remote e-voting will not be entitled to vote again at the meeting. E-voting during the meeting is only available to shareholders attending the VC/OAVM and who have not already voted remotely.

The company has appointed Central Depository Services (India) Limited (CDSL) as the authorized e-voting agency.

Detailed, step-by-step instructions are provided in the notice for shareholders to vote based on how they hold shares (Demat with CDSL, Demat with NSDL, or Physical form).

Director Re-appointment Details (Item No. 3 - Special Business)

  • Mr. Nandkishor Yashwant Joshi was first appointed as an Independent Director on November 12, 2021, for a term ending November 11, 2026.
  • The Nomination and Remuneration Committee (NRC) has recommended his re-appointment based on a comprehensive performance evaluation, citing his expertise in Administration, Shipbuilding, and Finance.
  • He has provided a declaration confirming his independence as per Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of SEBI LODR.
  • He is not debarred from holding office and does not serve as an Independent Director in more than seven listed entities.
  • His remuneration for FY 2025-26 consisted of sitting fees of ₹26,000. His proposed remuneration for the new term will be sitting fees only, as per company policy.
  • He holds nil shares in the company as of the date of the notice.
  • He attended 4 out of 4 Board meetings in FY 2025-26.
  • He holds no other directorships in listed companies.

Other Corporate Information

  • Bankers: Bank of India, Bank of Baroda
  • Statutory Auditors: M/s. J M & Associates, Chartered Accountants (ICAI Reg. No. 011270N)
  • Secretarial Auditor: Nishtha Khandelwal & Associates, Practicing Company Secretaries (FRN: S2024MH989400)
  • Share Transfer Agents: Satellite Corporate Services Pvt. Ltd., Mumbai
  • Key Managerial Personnel:
  • Chief Financial Officer: Mr. Rangaswamy Krishnaswamy
  • Company Secretary: CS Hrishita Bajaj
  • Manager: Mr. Ashok Joshi
  • Board of Directors:
  • Mr. Nandkishor Joshi – Non-Executive Independent Director
  • Mrs. Dipali Joshi – Non-Executive Non-Independent Director
  • Mr. Jimmy Guzdar – Non-Executive Independent Director

Additional Notes from the Notice

  • The Notice and full Annual Report have been sent electronically to all eligible shareholders and are available on the company's website. Physical copies will not be distributed at the AGM due to high paper and printing costs.
  • Shareholders wishing to speak during the AGM must register as a speaker by sending a request to the company email at least 7 days prior to the meeting.
  • Queries can also be sent to the company email 7 days in advance for a written response.
  • The explanatory statement pursuant to Section 102 of the Companies Act, 2013, provides the rationale for the resolution to re-appoint Mr. Nandkishor Joshi.