Meeting Details

  • Date and Time: The 33rd Annual General Meeting was held on Thursday, 24th September 2026 at 11:00 A.M.
  • Location and Type: The meeting was conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM).
  • Chairperson: Mr. Satish Kagliwal, Managing Director, chaired the meeting.
  • Attendees: Directors, Statutory Auditors, Secretarial Auditors, and Key Managerial Personnel were present. A total of 48 shareholders attended the meeting through Video Conferencing (excluding webcast), comprising 16 from the Promoter and Promoter Group and 32 Public shareholders.
  • Duration: The meeting commenced at 11:00 A.M. and concluded at 11:31 A.M.

Proposed Resolutions and Implications

Five resolutions were proposed and voted upon:

1. Ordinary Resolution: To receive, consider, and adopt the Audited Standalone and Consolidated Financial Statements for the year ended 31st March 2026, along with Reports of Directors and Auditors.

2. Ordinary Resolution: To declare a final dividend of ₹2 per equity share (face value ₹10 each) for FY2025-26.

3. Ordinary Resolution: To re-appoint Mrs. Jeevanlata Kagliwal (DIN: 02057459) as a Director retiring by rotation.

4. Special Resolution: To re-appoint Mr. Hitesh Rajnikant Purohit (DIN: 02340858) as an Independent Director for a second term of five years from 30th March 2027 to 29th March 2032.

5. Ordinary Resolution: To revise the remuneration of Mr. Satish Laxminarayan Kagliwal (DIN: 00119601), Managing Director, effective from 1st January 2026.

Voting Process and Methods

The voting was conducted through a two-stage process:

  • Remote E-Voting: Facilitated by National Securities Depository Limited (NSDL), it commenced at 09:00 A.M. on Monday, 21st September 2026 and concluded at 5:00 P.M. on Wednesday, 23rd September 2026. The cut-off date for determining shareholder eligibility was Friday, 11th September 2026.
  • Voting at Meeting: The e-voting facility was re-opened during the AGM for members present who had not cast their votes earlier.
  • Scrutinizer: Mrs. Neha P Agrawal, Practicing Company Secretary, was appointed to supervise the entire e-voting process in a fair and transparent manner.

Key Voting Outcomes

All five resolutions were passed with the requisite majority. The detailed results from the scrutinizer's report are as follows:

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 1,03,97,987 (in favor) + 107 (against) = 1,03,98,094 valid votes.
  • In Favor: 1,03,97,987 votes (99.99%)
  • Against: 107 votes (0.01%)
  • Invalid Votes: 0

Resolution 2: Declaration of Final Dividend

  • Total Votes Cast: Figures for votes in favor are not explicitly stated in the data, but the resolution passed.
  • Against: 295 votes (0.01% of valid votes cast)
  • Invalid Votes: 0

Resolution 3: Re-appointment of Mrs. Jeevanlata Kagliwal

  • Total Votes Cast: 1,03,97,310 (in favor) + 439 (against) = 1,03,97,749 valid votes.
  • In Favor: 1,03,97,310 votes (99.98%)
  • Against: 439 votes (0.01%)
  • Invalid Votes: 0

Resolution 4: Re-appointment of Mr. Hitesh Purohit (Independent Director)

  • Total Votes Cast: 1,03,97,749 (in favor) + 320 (against) = 1,03,98,069 valid votes.
  • In Favor: 1,03,97,749 votes (99.99%)
  • Against: 320 votes (0.01%)
  • Invalid Votes: 0

Resolution 5: Revision in MD's Remuneration

  • Total Votes Cast: 1,03,97,219 (in favor) + 411 (against) + 439 (invalid) = 1,03,98,069 total votes.
  • In Favor: 1,03,97,219 votes (99.98% of valid votes)
  • Against: 411 votes (0.01% of valid votes)
  • Invalid Votes: 439 votes (0.01% of total votes)

Scrutinizer's Role and Findings

Mrs. Neha P Agrawal was appointed to scrutinize the remote e-voting process. She confirmed that the process was conducted fairly and transparently. Her report, dated 24th September 2026, details the vote count for each resolution and confirms the validity of the process. She concluded that all resolutions were passed by the requisite majority.

Compliance Confirmation

The document confirms compliance with:

  • The Companies Act, 2013, specifically Section 108.
  • The Companies (Management and Administration) Rules, 2014.
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 30 and 44).
  • Relevant circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI regarding conducting meetings through VC/OAVM and e-voting.