The meeting commenced at 11:00 am and concluded at 01:45 pm. The Members approved the following three Special Resolutions with requisite majority:

1. Regularization of Mr. Sangramsinh Subhashrao Nimbalkar as Non-Executive Independent Director

  • Mr. Sangramsinh Subhashrao Nimbalkar (DIN: 00508548) was regularized as Non-Executive Independent Director
  • Originally appointed as Additional Director effective March 09, 2026 under Section 161 of Companies Act, 2013
  • Appointment term: 5 consecutive years effective from March 09, 2026
  • Not liable to retire by rotation
  • Appointment made pursuant to Sections 149, 150, 152, 160 along with Schedule IV of Companies Act, 2013
  • Subject to recommendation of Nomination and Remuneration Committee, Board of Directors, and members

2. Reappointment of Bhushan Madhukar Deshpande as Non-Executive Independent Director

  • Bhushan Madhukar Deshpande (DIN: 08861720) reappointed as Independent Director
  • Second term of 5 consecutive years, up to 23rd October 2030
  • Not liable to retire by rotation
  • Eligible for reappointment having completed first 5-year term
  • Submitted declaration meeting independence criteria under Section 149(6) of Companies Act and Regulation 16(1)(b) of SEBI LODR
  • Company received notice in writing under Section 160(1) of Companies Act proposing candidature
  • To be paid fees, remuneration, and profit-related commission as approved by Board within prescribed limits
  • Compensation pursuant to Sections 149, 197 of Companies Act and Regulation 17(6) of SEBI LODR

3. Reappointment of Nikhil Vijay Nawandhar as Non-Executive Independent Director

  • Nikhil Vijay Nawandhar (DIN: 01291811) reappointed as Independent Director
  • Second term of 5 consecutive years, up to 23rd October 2030
  • Not liable to retire by rotation
  • Eligible for reappointment having completed first 5-year term
  • Submitted declaration meeting independence criteria under Section 149(6) of Companies Act and Regulation 16(1)(b) of SEBI LODR
  • Company received notice in writing under Section 160(1) of Companies Act proposing candidature
  • To be paid fees, remuneration, and profit-related commission as approved by Board within prescribed limits
  • Compensation pursuant to Sections 149, 197 of Companies Act and Regulation 17(6) of SEBI LODR

Authorization

For all three resolutions, any of the Directors and/or Company Secretary of the Company are authorized to perform all necessary acts including signing and filing of intimation in eform DIR-12 with the Registrar of Companies.

Additional Information

The voting results along with the Scrutinizer's Report will be submitted separately in accordance with Regulation 44(3) of SEBI (LODR) Regulations, 2015.

The disclosure was signed by Shivaji Ramchandra Mohite, Managing Director (DIN: 00425441), on June 15, 2026 at 14:02:30 IST.