Meeting Proceedings

Medico Remedies Limited held its 32nd Annual General Meeting (AGM) on Tuesday, 22nd September 2026 at 4:00 PM IST through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs and SEBI.

Mr. Haresh Mehta, Chairman & Whole-Time Director and CFO of the Company, presided over the meeting. All directors attended including Mr. Deepak Vekaria (Chairman of Audit Committee and Nomination and Remuneration Committee) and Mr. Bharat Rathod (Chairman of Stakeholders' Relationship Committee). Ms. Vidhi Shah, Company Secretary, representatives of the Secretarial Auditor, and representatives of the Statutory Auditors also attended through VC.

Attendance and Quorum

A total of 34 members attended the AGM through video conferencing. The requisite quorum was present, and the meeting commenced at 4:00 PM.

Business Transacted

Ordinary Business

1. Receipt, consideration, and adoption of the audited Financial Statements for the financial year ended 31st March 2026, together with the Report of the Board of Directors and the Auditor's report.

2. Appointment of a director in place of Mr. Haresh Kapurlal Mehta (DIN: 01080289) who retires by rotation and being eligible, offers himself for re-appointment.

Special Business

3. Re-appointment of Mr. Rishit Mehta (DIN: 07121224) as Whole-Time Director of the Company.

4. Re-appointment of Mr. Haresh Mehta (DIN: 01080289) as Chairman & Whole-Time Director of the Company.

5. Increase in Remuneration Payable to Mr. Harshit Mehta (DIN: 05144280), Managing Director of the Company.

6. Increase in Professional Fees Payable to Ms. Priyal Rishit Mehta, Professional Consultant of the Company.

7. Increase in Remuneration Payable to Ms. Shweta Harshit Mehta, Regulatory Deputy Manager of the Company.

Voting Procedures

The company provided e-Voting facility for all resolutions set forth in the notice. Members who had not cast votes electronically were provided opportunity to vote during the meeting through electronic voting system until 15 minutes after conclusion. Ms. Shreya Shah, Practicing Company Secretary, was appointed as Scrutinizer to supervise the e-Voting process and provide combined report on voting results.

Shareholder Engagement

Two shareholders asked questions regarding future outlook on status of operations of the Company in terms of existing as well as new manufacturing unit, which were satisfactorily answered by the Chairman.

Disclosure Requirements

The e-Voting results along with the Scrutinizer's Report were to be informed to Stock Exchanges and placed on the company website within two working days from conclusion of the meeting.

Meeting Conclusion

The meeting concluded at 4:15 PM with the Chairman extending vote of thanks to all Board Members and Shareholders.