Meeting Details

The 41st Annual General Meeting was held on Thursday, September 10, 2026 at 12:30 P.M. through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was deemed to be conducted at the Registered Office of the Company at NECC House, 9062/47, Ram Bagh Road, Azad Market, Delhi-110006.

Attendance

Directors and KMP Present:

  • Mr. Sunil Kumar Jain - Chairman & Managing Director and Chairman of CSR Committee
  • Mr. Utkarsh Jain - Executive Director (Chairman of the meeting)
  • Mr. Ashutosh Dubey - Non-Executive Independent Director and Chairman of Audit Committee, Stakeholders Relationship Committee and Nomination & Remuneration Committee
  • Mr. Saurav Upadhyay - Non-Executive Independent Director and Member of Audit Committee, Nomination & Remuneration Committee and Stakeholder Relationship Committee
  • Ms. Priya Singh - Non-Executive Independent Women Director and Member of Audit Committee, Nomination & Remuneration Committee, CSR Committee and Stakeholder Relationship Committee
  • Mr. Pratyaksh Jain - Non-Executive Director
  • Mr. Chandan Singh - Chief Financial Officer
  • Mr. Rakesh - Company Secretary & Compliance Officer

Other Representatives:

  • Mr. Ashish Kumar Friends - M/s A.K. Friends & Co., Practicing Company Secretaries, Secretarial Auditor and Scrutinizer of AGM
  • Mr. Dinesh Chand Kaushik - Partner of M/s Nemani Garg Agarwal & Co., Statutory Auditors

Proceedings Summary

The meeting commenced with welcome remarks from Mr. Rakesh, Company Secretary, who briefed participants on VC/OAVM participation details. Mr. Utkarsh Jain chaired the meeting. The Notice of Meeting with corrigendum was taken as read. The qualified opinion and observations made by Statutory Auditors in Audit Reports and management response were presented.

Resolutions Approved

Ordinary Business:

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

2. Re-appointment of Mr. Utkarsh Jain as Director who retires by rotation

3. Re-appointment of M/s Nemani Garg Agarwal & Co. as Statutory Auditors for five consecutive years from April 01, 2026 to March 31, 2031

Special Business:

4. Re-appointment of Mr. Sunil Kumar Jain (DIN: 00010695) as Chairman and Managing Director and Key Managerial Personnel for five years from October 01, 2026 to September 30, 2031 at remuneration of ₹85,00,000 per annum

5. Re-appointment of Mr. Utkarsh Jain (DIN: 05271884) as Whole-time Director and Key Managerial Personnel for five years from October 01, 2026 to September 30, 2031 at remuneration of ₹60,00,000 per annum

6. Increase in Authorised Share Capital from ₹110,00,00,000 (11 crore equity shares of ₹10 each) to ₹150,00,00,000 by creation of additional 4 crore equity shares of ₹10 each

7. Authorization to convert loans up to ₹50,00,00,000 from lenders into various convertible instruments including Convertible Warrants, Convertible Preference Shares, Convertible Debentures, NCDs with conversion option

8. Creation, issue, offer and allotment of 1,00,00,000 Convertible Warrants on preferential basis to Mr. Sunil Kumar Jain, Promoter, at issue price of ₹18.51 per Warrant aggregating to ₹18,51,00,000, entitling holder to apply for one Equity Share of ₹10 face value for every Warrant held

Voting and Scrutiny

M/s A.K. Friends & Co., Practicing Company Secretaries, were appointed as Scrutinizer for votes cast through remote e-voting and e-voting at AGM. The e-voting facility remained open for 30 minutes after meeting conclusion at 01:02 P.M.