Summary of Proceedings

Meeting Details

The 52nd Annual General Meeting was held on Friday, July 31st, 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM) without physical presence of members. The meeting commenced at 2:30 PM IST and concluded at 3:13 PM IST.

Attendance

  • One Hundred Twenty members joined the meeting through virtual mode.
  • Shri Anil Modi was unable to attend due to ill health.
  • Shri Akshay Modi chaired the meeting with permission of members present.
  • Directors present: Mr. Ankit Garg (Chairman of Audit Committee, Authorized Representative of Nomination and Remuneration Committee, and Chairman of Stakeholders Relationship Committee), Mrs. Aditi Modi (Whole Time Director), and Mr. Udit Jain (Director).
  • Directors absent: Mrs. Ankita Singal (Director) and Mr. Pradeep Kapoor (CFO) due to unavoidable circumstances.
  • Other attendees: M/s Doogar & Associates (Chartered Accountants), M/s Deepak Bansal & Associates (Secretarial Auditors), and M/s A.K. Verma & Co. (Practicing Company Secretary, Scrutinizer).

Voting Process

The remote e-voting period began on 28th July 2026 at 10:00 am IST and ended on 30th July 2026 at 5:00 pm IST. Members who held shares either in physical or dematerialized form as of the cut-off date of 24th July 2026 were eligible to vote.

Business Transacted

The following items from the Notice of AGM dated 06th July 2026 were put for members' approval:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY ended 31st March 2026 and Directors' and Auditors' Report thereon, along with Audited Consolidated Financial Statements for FY ended 31st March 2026 and Auditors' report thereon.

2. Appointment of Mrs. Aditi Modi (DIN: 01786037), retiring by rotation, as a Director.

Special Business:

3. Regularization of Appointment of M/s B. Chhawcharia & Co. (FRN: 305123E), Chartered Accountants as Statutory Auditor to fill casual vacancy.

4. Appointment of M/s B. Chhawcharia & Co. (FRN: 305123E), Chartered Accountants as Statutory Auditors for a period of five years.

5. Appointment of M/s A.K. Verma & Co., Practicing Company Secretaries, as Secretarial Auditors for a term of 5 consecutive years.

6. Ratification of remuneration payable to Cost Auditors for FY 2026-27.

Financial Reports

The reports from the Statutory Auditors and Secretarial Auditor did not contain any qualifications, reservation or adverse remarks and were taken as read with the permission of members.

Shareholder Engagement

Members were provided facility to ask questions or express views through the VC platform. Chairman Akshay Modi answered all queries raised by shareholders in detail.

Results Announcement

The consolidated results of remote e-voting and e-voting done at the AGM will be announced within two working days of the conclusion of the AGM and submitted to BSE Limited and posted on the company website and CDSL.

The e-voting facility remained available for 15 minutes after the closure of the meeting.