Event Disclosure

Nature of Disclosure: Regulatory filing of AGM voting results and scrutinizer report

AGM Details

  • Meeting Type: 47th Annual General Meeting
  • Meeting Date: August 10, 2026
  • Meeting Time: 11:00 a.m. to 11:48 a.m. (IST)
  • Meeting Format: Conducted through Video-conference/Other Audio Visual Means (OAVM)
  • Cut-off Date: August 3, 2026 (for shareholder eligibility)
  • Total Shareholders on Record Date: 53,947

Attendance Details

  • Shareholders attended through video conferencing:
  • Promoters and Promoter Group: 4
  • Public: 34
  • No shareholders attended through proxy

Scrutinizer Appointment

  • Name: Nikunj Raval of Raval Mistry & Associates
  • Firm: Raval Mistry & Associates, Company Secretaries
  • Appointment Date: July 6, 2026 (Board Meeting)
  • Qualifications: B.Com., LL.B., CAIIB, ACMA, FCS
  • Membership Number: 4730

Voting Process Details

  • Remote e-voting period: August 6, 2026 (12:00 PM IST) to August 9, 2026 (5:00 PM IST)
  • E-voting provider: National Services Depository (India) Limited (NSDL)
  • Vote counting witnessed by: Two independent witnesses not employed by the company
  • Advertisement published in: Financial Express (English) and Financial Express (Gujarati) on July 18, 2026

Resolutions Passed

All six resolutions were passed with requisite majority:

Resolution 1: Ordinary Resolution

Description: 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 the Auditors thereon

Voting Results:

  • Total Valid Votes Cast: 15,823,201
  • Votes In Favor: 15,823,084 (99.9993%)
  • Votes Against: 117 (0.0007%)
  • Invalid Votes: 0

Resolution 2: Ordinary Resolution

Description: To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Report of Auditors thereon

Voting Results:

  • Total Valid Votes Cast: 15,823,201
  • Votes In Favor: 15,823,084 (99.9993%)
  • Votes Against: 117 (0.0007%)
  • Invalid Votes: 0

Resolution 3: Ordinary Resolution

Description: To declare a dividend on Ordinary Shares of the Company for the financial year ended March 31, 2026

Voting Results:

  • Total Valid Votes Cast: 15,823,201
  • Votes In Favor: 15,823,084 (99.9993%)
  • Votes Against: 117 (0.0007%)
  • Invalid Votes: 0

Resolution 4: Ordinary Resolution

Description: To appoint a Director in place of Mr. Chandrakant B. Patel (DIN: 00380810), who retires by rotation and being eligible offers himself for re-appointment

Voting Results:

  • Total Valid Votes Cast: 15,823,201
  • Votes In Favor: 15,822,993 (99.9987%)
  • Votes Against: 208 (0.0013%)
  • Invalid Votes: 0

Resolution 5: Special Resolution

Description: To consider and regularize appointment of Mrs. Prachi P. Shah (DIN: 06726226) as a Non-executive and Independent Director for a period of five years up to May 28, 2031 not liable to retire by rotation

Voting Results:

  • Total Valid Votes Cast: 15,823,201
  • Votes In Favor: 15,822,082 (99.9929%)
  • Votes Against: 1,119 (0.0071%)
  • Invalid Votes: 0

Resolution 6: Ordinary Resolution

Description: Ratification of Cost Auditors' remuneration for the financial year 2026-27

Voting Results:

  • Total Valid Votes Cast: 15,823,201
  • Votes In Favor: 15,822,072 (99.9929%)
  • Votes Against: 1,129 (0.0071%)
  • Invalid Votes: 0

Shareholding Pattern and Voting Participation

  • Total Outstanding Shares: 24,607,800
  • Total Votes Polled: 15,823,201 (64.3016% of outstanding shares)
  • Promoter and Promoter Group Shares: 15,367,570 (100% participation in voting)
  • Public-Institutions Shares: 514,231 (85.0314% participation)
  • Public-Non Institutions Shares: 8,725,999 (0.2106% participation)

Document Preparation and Signatories

Prepared by: Nikunj Raval, Raval Mistry & Associates (Practicing Company Secretaries)

Countersigned by: Mahendra N. Patel, Chairman & Managing Director (DIN: 00104997)

Submitted by: Madhuri Sharma, Company Secretary & Compliance Officer

Additional Information

  • The scrutinizer report was issued on August 10, 2026
  • Electronic voting data and records are under the scrutinizer's safe custody
  • The report is intended for submission to stock exchanges and placement on company and NSDL websites
  • No abstained votes were included in the vote count
  • One folio was counted for members who voted both in favor and against different resolutions