Meeting Details

The 41st Annual General Meeting was held on Wednesday, July 15, 2026, at 12:00 noon IST through Video Conferencing/Other Audio Visual Means facility. The meeting concluded at 12:55 p.m. The registered office at 511, Maker Chambers V, 221, Nariman Point, Mumbai – 400 021 was deemed the venue.

Shareholder Participation

  • Total shareholders as of record date (July 8, 2026): 4,273
  • Shareholders attending through VC/OAVM: 66 total (4 Promoters & Promoter Group, 62 Public)
  • No physical meeting or proxy arrangement was made due to virtual format

Resolutions Considered and Approved

Ordinary Business - Ordinary Resolutions:

1. Adoption of Audited Financial Statements for year ended March 31, 2026, Directors' Report and Auditors' Report

2. Declaration of dividend on Equity Shares for financial year ended March 31, 2026

3. Re-appointment of Ms. Priyanka G. Morarka (DIN: 00001088) as Director retiring by rotation

Special Business:

4. Appointment of Mr. Pranay G. Morarka (DIN: 03272263) as Managing Director - Ordinary Resolution

5. Fixing remuneration of Mr. Pranay G. Morarka as Managing Director - Special Resolution

6. Approval of Related Party Transaction with Dwarikesh Sugar Industries Limited - Ordinary Resolution

Voting Process

Remote e-voting was conducted through Central Depository Services (India) Limited (CDSL) during July 12, 2026 (9:00 a.m.) to July 14, 2026 (5:00 p.m.). Insta e-voting was provided for 15 minutes after meeting closure for members who hadn't voted remotely. Shri Vijay Kumar Mishra (FCS No. 4279) of M/s. VKM & Associates was appointed as Scrutinizer.

Results Timeline

Voting results will be announced on or before July 17, 2026, and uploaded on company website and disseminated to BSE Limited.

Key Attendees

Directors, Key Managerial Personnel, Auditors, Scrutinizer, and Registrar & Share Transfer Agent were present. Shri Gautam R Morarka chaired the meeting. The Company Secretary was Divya Sunil Agarwal.

Shareholder Interaction

Five shareholders were allowed to speak for 2 minutes each on first-come-first-serve basis. No queries were received 7 days prior to AGM as requested.