Key Decisions Approved

1. Convening of 31st Annual General Meeting

  • Date: Tuesday, September 29, 2026 at 11:00 A.M. (IST)
  • Venue: Registered Office at No. 1175, Sungam Circle, Trichy Road, Ramanathapuram, Coimbatore - 641045, Tamil Nadu, India
  • Cut-off date for voting: Tuesday, September 22, 2026
  • Remote e-voting period: September 26, 2026 (9:00 A.M.) to September 28, 2026 (5:00 P.M.)

2. Appointment of Scrutinizer

  • M/s. R G Jain & Associates, Chartered Accountants, Coimbatore appointed as Scrutinizer for remote e-voting and voting at AGM venue

3. Appointment of Mr. Ramesh Chand Bafna as Managing Director

  • DIN: 02483312
  • Term: Five consecutive years from September 04, 2026 to September 03, 2031
  • Includes continuation in employment after attaining age of seventy years (will turn 70 on December 21, 2026)
  • Remuneration approved for first three years (September 04, 2026 to September 03, 2029)
  • Subject to member approval by Special Resolution

4. Appointment of Mr. Kalpesh Bafna as Whole-Time Director

  • DIN: 01490521
  • Term: Five consecutive years from September 04, 2026 to September 03, 2031
  • Remuneration approved for first three years (September 04, 2026 to September 03, 2029)
  • Subject to member approval by Special Resolution and his re-appointment as Director liable to retire by rotation

5. Approval of Board's Report

  • Board's Report (Directors' Report) for financial year ended March 31, 2026 approved

6. Related-Party Contract with M/s. White Ink

  • Engagement approved for architectural, design, planning, consultancy, project coordination and allied professional services
  • Monthly retainership fee: ₹4,50,000 plus applicable taxes
  • Additional project-wise professional/contractual charges on mutually agreed terms
  • Noted as ordinary course of business and arm's-length basis
  • Interested Directors did not participate in discussion or voting

Remuneration Details for Directors

For Mr. Ramesh Chand Bafna and Mr. Kalpesh Bafna (identical terms):

  • Basic salary: ₹5,00,000 per month initially, subject to revision by Board
  • Medical reimbursement: Up to one month's basic salary per year
  • Leave travel allowance: Up to one month's basic salary per year
  • Club fees: Not more than two clubs (excluding admission and life membership fees)
  • Personal accident insurance: Premium not exceeding ₹4,000 per year
  • Car and telephone: Provision for business use, personal use billed to appointee
  • Retirement benefits: PF, gratuity, leave encashment as per applicable law
  • Overall annual ceiling: ₹84,00,000 per financial year per appointee
  • In absence/inadequacy of profits: Payable as minimum remuneration subject to Schedule V conditions

Meeting Details

  • Commenced: 04:00 p.m.
  • Ended: 06:30 p.m.

Financial Performance Context (from Explanatory Statement)

| Financial Year | Revenue from operations (₹ in lakh) | Profit/(Loss) before tax (₹ in lakh) | Profit/(Loss) after tax (₹ in lakh) |

| 2023-24 | 201.62 | 9.44 | 8.07 |

| 2024-25 | Nil | (84.64) | (85.92) |

| 2025-26 | 1,436.33 | 20.03 | 19.39 |

Shareholding Details (as of June 30, 2026)

  • Mr. Ramesh Chand Bafna: 18,08,500 equity shares (59.71%)
  • Mr. Kalpesh Bafna: 2,90,000 equity shares (9.58%)

Other Financial Relationships Disclosed

  • Mr. Ramesh Chand Bafna: Unsecured loan to Company of approximately ₹114.01 lakh; rent payable by Company approximately ₹1.50 lakh per month
  • Mr. Kalpesh Bafna: Unsecured loan to Company of approximately ₹24.05 lakh; rent payable by Company approximately ₹1.50 lakh per month