Meeting Details

The 4th Annual General Meeting was held on Thursday, June 25, 2026 at 3:30 p.m. IST through Video Conferencing/Other Audio Visual Means facility. The registered office of the Company was deemed to be the venue. The meeting concluded at 3:46 p.m. IST.

Attendance

  • Total of 17 Members attended the meeting
  • Mr. Bhimji Patel, Chairman of the Board, chaired the Meeting
  • Mr. Kunal Patel, Managing Director, addressed the Members
  • Representatives of M/s. Shah Gupta & Co. (Statutory Auditors) and M/s. Agrawal Mundra & Associates (Secretarial Auditor and Scrutinizer) attended through VC/OAVM

Voting Process

  • Remote e-voting facility was available from Sunday, June 21, 2026 (9:00 a.m. IST) to Wednesday, June 24, 2026 (5:00 p.m. IST)
  • Cut-off date for eligibility: Thursday, June 18, 2026
  • Mr. Aditya Agrawal, Partner at M/s. Agrawal Mundra & Associates, was appointed as Scrutinizer
  • E-voting facility remained open for 15 minutes after conclusion of the meeting
  • Consolidated results of remote e-voting and e-voting to be declared within statutory timelines

Business Transacted

Three ordinary resolutions were considered:

1. Adoption of Financial Statements: To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon.

2. Director Re-appointment: To re-appoint Mr. Bhimji Patel, who retires by rotation as an Executive Non-Independent Director and, being eligible, offers himself for re-appointment.

3. Dividend Declaration: To declare a final dividend on equity shares of the Company for the financial year ended March 31, 2026.

Auditor's Report Highlights

  • Statutory Auditors M/s. Shah Gupta & Co. expressed an unmodified opinion in their Audit Report for FY 2025-26
  • Emphasis of Matter paragraph related to the Company's reassessment of its eligibility to be taxed under Section 115BAB of the Income-tax Act, 1961, in place of Section 115BAA adopted in the previous year
  • This reassessment was based on a legal opinion obtained during the year and appropriately disclosed in the financial statements
  • Apart from the Emphasis of Matter, there were no qualifications, reservations, adverse remarks, or disclaimers in the Auditors' Report having any material bearing on the Company's functioning

Additional Information

  • Statutory registers as required under the Companies Act, 2013 and other relevant documents mentioned in the Notice were available for inspection
  • Company Secretary was authorized to receive the Scrutinizer's Report and declare voting results
  • Results will be submitted to the Stock Exchange and uploaded on the websites of the Company and National Securities Depository Limited