Meeting Details

The 35th Annual General Meeting was held through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) on Friday, September 25, 2026, at 11:00 AM (IST).

Proposed Resolutions and Implications

Seven resolutions were proposed and passed at the AGM:

  • Item No. 1: To receive, consider, and adopt the Audited Financial Statement for the financial year ended March 31, 2026, and reports of Board of Directors and Auditors (Ordinary Resolution)
  • Item No. 2: To appoint Shri Rahul J. Parekh (DIN: 00500328) as director who retires by rotation (Ordinary Resolution)
  • Item No. 3: To re-appoint M/s. Jain Chowdhary & Co. as Statutory Auditors and fix their remuneration (Ordinary Resolution)
  • Item No. 4: To ratify remuneration payable to M/s. Dalwadi & Associates, Cost Auditor (Ordinary Resolution)
  • Item No. 5: To appoint M/s. Rohit Periwal & Associates as Secretarial Auditor (Ordinary Resolution)
  • Item No. 6: To re-appoint Mr. Nehal Shah (DIN: 00020062) as Non-Executive Independent Director (Special Resolution)
  • Item No. 7: To revise managerial remuneration of Shri Rahul J. Parekh (DIN: 00500328), Managing Director (Special Resolution)

Voting Process and Methods

The voting process included:

  • Remote e-voting period: September 22, 2026 (9:00 AM IST) to September 24, 2026 (5:00 PM IST)
  • E-voting facility during AGM for shareholders who had not voted remotely
  • Cut-off date for shareholder eligibility: September 18, 2026
  • E-voting platform provided by MUFG Intime India Private Limited
  • Newspaper advertisements published in The Indian Express (English) and Financial Express (Gujarati) on August 28, 2026

Key Voting Outcomes

Overall Participation

  • Total members voted: 62
  • Total shares voted: 7,026,336
  • Percentage of total paid-up share capital: 66.16%

Resolution-wise Results:

Item No. 1: Financial Statement Adoption

  • Votes in favor: 7,026,336 shares (100%)
  • Votes against: 0 shares (0%)
  • Invalid votes: 0 shares

Item No. 2: Director Appointment (Rahul J. Parekh)

  • Votes in favor: 7,026,336 shares (100%)
  • Votes against: 0 shares (0%)
  • Invalid votes: 0 shares

Item No. 3: Statutory Auditor Re-appointment

  • Votes in favor: 7,026,336 shares (100%)
  • Votes against: 0 shares (0%)
  • Invalid votes: 0 shares

Item No. 4: Cost Auditor Remuneration Ratification

  • Votes in favor: 7,026,336 shares (100%)
  • Votes against: 0 shares (0%)
  • Invalid votes: 0 shares

Item No. 5: Secretarial Auditor Appointment

  • Votes in favor: 7,026,336 shares (100%)
  • Votes against: 0 shares (0%)
  • Invalid votes: 0 shares

Item No. 6: Independent Director Re-appointment

  • Votes in favor: 7,026,336 shares (100%)
  • Votes against: 0 shares (0%)
  • Invalid votes: 0 shares

Item No. 7: Managerial Remuneration Revision

  • Votes in favor: 7,002,835 shares (99.67%)
  • Votes against: 23,501 shares (0.33%)
  • Invalid votes: 0 shares
  • Members voting in favor: 61
  • Members voting against: 1

Scrutinizer's Role and Findings

Rohit Sunil Periwal, Proprietor of M/s. Rohit Periwal and Associates, was appointed as scrutinizer. His responsibilities included:

  • Scrutinizing remote e-voting process and e-voting at AGM
  • Unblocking and downloading results from MUFG Intime platform
  • Reconciling data with NSDL and CDSL records
  • Maintaining detailed registers of voting results
  • Confirming compliance with Companies Act 2013, MCA Circulars, and SEBI LODR

The scrutinizer confirmed that all resolutions were passed with requisite majority and the voting process complied with applicable regulations.

Additional Information

  • Company CIN: L25190GJ1991PLC016327
  • Total paid-up share capital: 10,620,000 shares (implied from 66.16% representing 7,026,336 shares)
  • All voting was conducted through remote e-voting with no votes cast during the AGM itself