Meeting Details

The 16th Annual General Meeting was held on Monday, July 27, 2026, commencing at 02:00 p.m. IST and concluding at 02:51 p.m. IST. The cut-off date for determining voting rights was July 21, 2026. The meeting was conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013, SEBI Listing Regulations, and relevant MCA circulars (including General Circulars Nos. 14/2020, 17/2020, 20/2020, and the latest 3/2025 dated September 22, 2025).

Attendance

Chairman: Mr. Vipin Prakash Mangal (Chairman & Executive Director) presided from the Registered Office in Ahmedabad.

Directors in Attendance:

  • Mr. Chanakya Prakash Mangal (Managing Director) - Ahmedabad
  • Mr. Chandragupt Prakash Mangal (Non-Executive Director) - Ahmedabad
  • Mrs. Reena Unmesh Wagh (Additional Director, Whole Time Director) - Nashik via VC
  • Mr. Praveen Kumar Gupta (Independent Director) - Ajmer via VC
  • Ms. Varsha Biswajit Adhikari (Independent Director) - Ahmedabad

Key Managerial Personnel:

  • Mr. Manish P. Kella (Chief Financial Officer) - Ahmedabad
  • Mr. Karansingh I. Karki (Company Secretary & Compliance Officer) - Ahmedabad

Other Attendees:

  • CA Keyur Shah of M/s. Keyur Shah & Co. (Statutory Auditors)
  • CS Rajesh Parikh of M/s. RPSS & Co. (Secretarial Auditor and Scrutinizer)

A quorum of 52 members was present as required under Section 103 of the Companies Act, 2013.

Resolutions and Business Transacted

The following ordinary and special businesses were proposed and voted upon:

Ordinary Business:

1. Adoption of audited standalone and consolidated financial statements for FY 2025-26 along with reports of Board of Directors and Auditors (Ordinary Resolution)

2. Declaration of final dividend of Re. 0.01 per equity share of Re. 1 each for FY 2025-26 (Ordinary Resolution)

3. Re-appointment of Mr. Chanakya Prakash Mangal (DIN: 06714256) as director retiring by rotation (Ordinary Resolution)

Special Business:

4. Ratification of remuneration payable to M/s. V. M. Patel & Associates (Firm Registration Number 101519) as Cost Auditor for FY 2026-27 (Ordinary Resolution)

5. Approval of corrigendum to the Notice of Postal Ballot dated January 13, 2026 (Special Resolution)

6. Approval for increase in overall borrowing limits under Section 180(1)(c) of Companies Act, 2013 (Special Resolution)

7. Approval for increase in limits under Section 180(1)(a) for creating charge/mortgage on company assets (Special Resolution)

8. Approval for conversion of outstanding secured/unsecured loans/debt into equity shares (Special Resolution)

9. Approval of loans, investments, guarantees and securities under Section 186 (Special Resolution)

10. Approval of loans, guarantee or security under Section 185 (Special Resolution)

11. Appointment of Mrs. Reena Unmesh Wagh (DIN: 11597282) as Whole-time Director designated as Executive Director (Special Resolution)

Voting Process

The remote e-voting facility was provided by MUFG Intime India Private Limited (MIIPL), commencing on Thursday, July 23, 2026 (9:00 A.M) and ending on Sunday, July 26, 2026 (5:00 P.M). Shareholders holding shares as of the cut-off date (July 21, 2026) were eligible to vote. During the AGM, e-voting remained open for an additional 15 minutes after closure for those present who had not voted remotely.

M/s. RPSS & Co. Company Secretaries was appointed as Scrutinizer to scrutinize all votes cast (both remote and during meeting) and prepare a consolidated report. The results along with Scrutinizer's Report will be placed on the company's website (www.groupmangalam.com), MIIPL's website (https://instavote.linkintime.co.in/), and communicated to the stock exchanges (NSE and BSE).

Dividend Information

The final dividend of Re. 0.01 per equity share declared at the AGM will be credited to members on or before Wednesday, August 26, 2026.

Compliance and Additional Information

The statutory registers were available for electronic inspection on the company website (www.groupmangalam.com). The Annual Report along with Notice of AGM was sent to all shareholders via email, with physical copies sent to those without registered email addresses. The transcript/proceedings of the AGM will be available on the company website.