Meeting Details

  • Date: Tuesday, September 29, 2026
  • Time: 11:30 AM to 12:06 PM
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type of Meeting: 26th Annual General Meeting

Proposed Resolutions and Implications

The AGM transacted the following business comprising 2 ordinary business items and 9 special business items:

Ordinary Business:

1. To receive, consider and adopt the audited financial statements of the Company on standalone and consolidated basis for the financial year ended on 31 March 2026 and the reports of the auditors and directors thereon.

2. To appoint a Director in place of Mr. Anand Patel (DIN:07272892), who retires by rotation pursuant to the provisions of Section 152 of the Companies Act, 2013.

Special Business:

3. To Ratify the Remuneration of Cost Auditor of the Company M/s Dalwadi & Associates

4. To approve appointment of Mr. Deep S Vadodaria (DIN: 01284293) as Chairman & Managing Director

5. To approve re-appointment of Mr. Prashant H. Sarkhedi (DIN: 00417386) as Whole Time Director (Director Finance)

6. To Approve Borrowing Powers of the Board of Directors under section 180(1)(c) of the Companies Act, 2013

7. Authority under section 180(1)(a) of the Companies Act, 2013

8. Loan and Investment by the company under section 186 of the Companies Act, 2013

9. Approval for Loan etc. under section 185 of the Companies Act, 2013

10. To Approve Modification of Material Related Party Transactions with Nila Urban Living Private Limited for the Financial Year 2026-27

11. To Approve Material Related Party Transactions with Mr. Deep S. Vadodaria for the Financial Year 2026-27

Voting Process and Methods

The company provided remote e-voting facility on NSDL platform from 24th September 2026 (09:00 a.m.) to 28th September 2026 (upto 05:00 p.m.) for members to cast their votes on the resolutions. Additionally, shareholders who attended the AGM through VC and had not voted earlier were provided facility to cast their votes using e-voting facility provided by NSDL during the proceedings of the AGM. The e-voting facility remained open for 15 minutes after the conclusion of the AGM.

Key Voting Outcomes

All 11 resolutions were passed with requisite majority:

  • Resolutions 1-3 and 10-11: Ordinary Resolutions passed
  • Resolutions 4-9: Special Resolutions passed

The voting was conducted through both remote e-voting and e-voting during the AGM.

Shareholder Participation

  • Total number of shareholders on record date: 83,993
  • Shareholders attended the meeting through VC/OAVM:
  • Promoter and Promoter Group: 6
  • Public: 42
  • Cut-off date for determining shareholders eligible for e-Voting: 22 September 2026

Scrutinizer's Role and Findings

The Scrutinizer worked on the remote e-voting and e-voting during the AGM, and the consolidated result was declared based on their workings. All resolutions were declared passed with requisite majority.

Compliance Statement

The disclosure is made in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015. The company has complied with all applicable laws and regulations including the Companies Act, 2013 and SEBI regulations.