Meeting Details

The 41st Annual General Meeting was held on Wednesday, August 12, 2026 at 4:00 p.m. (IST) through Video Conference / Other Audio-Visual Means. The meeting concluded at 4:45 p.m. The meeting was conducted in compliance with MCA General Circular No. 3/2025 dated September 22, 2025 and SEBI circulars.

Attendance

Directors Present:

  • Mr. Mukesh Babu, Chairman and Managing Director (Mumbai)
  • Mr. Bhavesh Doshi, Independent Director (Mumbai)
  • Mr. Subhash Desai, Independent Director and Audit Committee Chairman (Ahmedabad)
  • Mr. Chetan Tamboli, Independent Director and Chairman of Stakeholder Relationship Committee and CSR Committee (Bhavnagar)
  • Mr. Mayank Soti, Independent Director and Nomination & Remuneration Committee Chairman (Udaipur)

Key Managerial Personnel:

  • Mr. Mahesh Thakar, Chief Financial Officer
  • Ms. Nupur Chaturvedi, Company Secretary

Other Representatives:

  • Statutory Auditors: Mr. Chaitanya C. Dalal and Mr. Haresh Purohit from M/s Chaitanya C. Dalal & Co., Chartered Accountants
  • Secretarial Auditor: Mr. V. V. Chakradeo from M/s V. V. Chakradeo & Co., Practicing Company Secretary
  • Mr. Uday Khona, Consultant of the Company

Shareholder Attendance:

  • Total members present: 27 (2 Promoter & Promoter Group, 25 Public)
  • All attended through Video Conference

Voting Arrangements

Remote e-voting period: August 08, 2026 (9:00 am) to August 11, 2026 (5:00 pm). E-voting facility was also available during the AGM for shareholders who had not voted remotely. MUFG Intime India Pvt. Ltd. served as Registrars and Transfer Agent. Mr. V. V. Chakradeo was appointed as Scrutinizer to supervise the voting process.

Business Transacted

All resolutions set out in the Notice dated May 12, 2026 were passed with requisite majority:

ORDINARY RESOLUTIONS:

1. Adoption of Audited Financial Statements and Reports of the Directors and Auditors for financial year ended March 31, 2026

2. Declaration of dividend for Financial Year 2025-26 at the rate of ₹1.20 per share

3. Re-appointment of Mr. Mukesh Babu (DIN: 00224300) as Director on retirement by rotation

4. Approval of Material Related Party Transaction(s)

5. Approval of Material Related Party Transaction(s) of Mukesh Babu Securities Limited (subsidiary) with certain identified Related Parties of the Company

SPECIAL RESOLUTION:

6. Approval of Remuneration to be paid to Mr. Mukesh Babu, Managing Director (DIN: 00224300) for remaining period of 2 years of his term

Key Financial Information

  • Auditors' Report for Financial Year 2025-26 contained no qualifications, observations or comments on financial transactions with adverse effect on the company
  • Dividend declared: ₹1.20 per share for FY 2025-26

Additional Information

  • The meeting included a speech by Chairman Mr. Mukesh Babu and an operational/financial performance overview by the Company Secretary
  • Registered speaker shareholders were given opportunity to ask questions
  • E-voting results and Scrutinizer's Report were to be submitted to stock exchanges and placed on company website within 48 hours from meeting conclusion
  • The Company Secretary was authorized to declare voting results and intimate stock exchanges