Key Resolutions

Item No. 1: Appointment of Mr. Keyoor Madhusudan Bakshi as Non-Executive and Independent Director

  • Mr. Keyoor Madhusudan Bakshi (DIN: 00133588) was appointed as an Additional Director by the Board on September 3, 2026
  • Seeking shareholder approval for appointment as Non-Executive Independent Director
  • Proposed term: Five years from September 3, 2026 to September 2, 2031
  • Qualifications: Fellow Member of ICSI, B.Com, LL.B with 46 years of professional experience
  • Areas of expertise: Corporate Governance, Corporate & Securities Compliance Management, Secretarial Audit, Due Diligence, M&A, Insolvency Resolution
  • Currently serves as Independent Director on Kanel Industries Limited
  • Has served as Independent Director on multiple listed companies including Gokul Agro Resources, Infibeam Avenues, Kiri Industries, and Praveg Limited
  • No remuneration disclosed for this position

Item No. 2: Approval for Payment of Remuneration to Mrs. Rashmi Mangal

  • Mrs. Rashmi Mangal holds position as Member-Advisory Board of the company
  • Current remuneration: ₹2,50,000 per month
  • Proposed increase to ₹10,00,000 per month effective October 15, 2026
  • Relationship: Spouse of Mr. Vipin Prakash Mangal (Chairman) and mother of Mr. Chandragupt Mangal (Managing Director) and Mr. Chanakya Prakash Mangal (Non-Executive Director)
  • Qualifications: Bachelor's degree in Commerce with over 30 years of experience
  • Also serves as Presiding Officer of Internal Complaints Committee (POSH framework)
  • Transaction considered material under Companies Act but not material under SEBI Listing Regulations

Voting Details

  • Cut-off date: September 4, 2026
  • Remote e-voting period: September 9, 2026 (09:00 AM IST) to October 8, 2026 (05:00 PM IST)
  • E-voting service provider: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Scrutinizer: PCS Manoj Hurkat, Partner, M/s. Manoj Hurkat & Associates (Firm Registration No. P2011GJ025800)
  • Results declaration: On or before October 10, 2026 (within 2 working days from conclusion of e-voting)
  • Voting method: Electronic only - no physical copies of notice or ballot forms are being sent

Financial Impact

  • The remuneration increase for Mrs. Rashmi Mangal represents a quantitative financial impact of up to ₹10,00,000 per month
  • No financial impact quantified for director appointment
  • No dilution or capital structure changes disclosed