Revised the cut-off date for remote e-voting and e-voting during the 20th Annual General Meeting from Monday, 21st September 2026 to Tuesday, 22nd September 2026.
The Register of Members and Share Transfer Books shall remain closed from Tuesday, 22nd September 2026 to Tuesday, 29th September 2026 (both days inclusive) for the AGM.
This is pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI (LODR) Regulations, 2015.
2. AGM Date Unchanged
The date of the 20th Annual General Meeting remains unchanged as Tuesday, 29th September 2026.
3. Director Resignation
Mr. Mayank Desai (DIN: 00354210), Non-Independent Non-Executive Director, resigned effective from the close of business hours on 31st August 2026.
In his resignation letter dated 31 August 2026, Mr. Desai cited increasing professional commitments and personal reasons as the reason for resignation.
He confirmed there are no material reasons for resignation other than those stated and no undisclosed material events relating to the company.
The resignation was received and accepted by Mr. Dharmesh Vinodbhai Desai, Chairman & Managing Director (DIN: 00292502).
4. Revised AGM Documents
Approved the Revised draft Notice of AGM and Revised Board's Report along with all annexures for FY ended 31st March 2026.
These documents supersede the draft Board's Report approved at the Board Meeting held on 14th August 2026.
5. Director Re-appointment Recommendation
Recommended the re-appointment of Ms. Kenny Desai, who retires by rotation and offers herself for re-appointment.
This recommendation is subject to approval of members at the ensuing Annual General Meeting.
This revises the earlier recommendation relating to Mr. Mayank Desai as the director retiring by rotation.
6. New Director Appointment
Based on the recommendation of the Nomination and Remuneration Committee, appointed Mr. Het Desai (DIN: 11914620) as Additional Director, designated as Executive Director (Whole-time Director).
Appointment is effective from 31st August 2026 for a period of five years up to 30th August 2031.
Appointment is subject to approval of members at the ensuing Annual General Meeting and other applicable statutory/regulatory approvals.
Mr. Het Desai holds a B.S. in Robotics Engineering Technology from Purdue University, Indiana, with concentrations in Mechanisms & Controls and AI & Software. He has technical skills in Controls & Automation, Robotics & Mechatronics, Programming Software, and CAD & Design. He has achieved notable positions in robotics competitions including 1st position nationally and 9th internationally at the 2021 World Robot Olympiad Sr. High (Germany) and 8th position internationally at the 2018 Robotex Line Follower (Estonia). He has practical experience in Automation & Controls, Automated Doffing Systems, and 3D Design (CAD) through internships at Meera Industries Limited.
Mr. Het Desai is the son of Mr. Dharmesh Desai (Chairman & Managing Director) and Mrs. Bijal Desai (Whole-time Director), and is related to Ms. Kenny Desai (Director).
The company confirmed that Mr. Het Desai is not debarred from holding the office of Director by any order of SEBI or any other authority.
