Meeting Details
The 32nd Annual General Meeting will be held on Wednesday, September 30, 2026, at 12:00 P.M. at the company's registered office at 86, Mall Road, Civil Lines, Ludhiana, Punjab 141001.
Agenda Items
Ordinary Business:
1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, along with Reports of Auditors and Directors
2. To appoint a director in place of Ms. Shamli Madia (DIN: 02915048), who retires by rotation and offers herself for re-appointment
Special Business:
3. To approve the appointment of Mr. Rishi Bhargav (DIN: 11835801) as an Independent Director of the Company for 5 years from July 17, 2026
4. To approve the appointment of Mr. Akshit Dua (DIN: 11883449) as an Independent Director of the Company for 5 years from August 13, 2026
Director Details
Ms. Shamli Madia (DIN: 02915048):
- Designation: Managing Director
- Date of Birth: April 25, 1988 (Age: 38)
- First appointment: February 1, 2013
- Current appointment: August 15, 2018
- Holds 596,791 equity shares
- Last drawn remuneration: ₹80,000 per month (FY 2025-26)
- Attended 7 board meetings during FY 2025-26
- Also director at Madia Infra India Limited
- Liable to retire by rotation
Mr. Rishi Bhargav (DIN: 11835801):
- Designation: Additional Director (Independent)
- Date of Birth: December 26, 1989 (Age: 36)
- First appointment: July 17, 2026
- Graduate in commerce from Punjab University with over 15 years experience in business administration
- Holds no equity shares in the company
- Not related to any Director/KMP
- Not liable to retire by rotation
Mr. Akshit Dua (DIN: 11883449):
- Designation: Additional Director (Independent)
- Date of Birth: November 5, 1994 (Age: 31)
- First appointment: August 13, 2026
- Graduate in commerce with over 10 years experience in business administration
- Holds no equity shares in the company
- Not related to any Director/KMP
- Not liable to retire by rotation
Voting Arrangements
- Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- Cut-off date (record date): September 23, 2026
- Register of members and share transfer book will remain closed from September 24, 2026 to September 30, 2026 (both days inclusive)
- Scrutinizer: CS Bhupesh Gupta, Prop. of M/s B. K. Gupta & Associates Practicing Company Secretaries
- Results will be declared within 48 working hours of AGM conclusion and placed on company website
E-Voting Instructions
Detailed instructions provided for:
- Individual shareholders holding securities in demat mode with CDSL and NSDL
- Shareholders holding shares in physical mode and non-individual shareholders
- Helpdesk contacts provided for technical issues (CDSL: helpdesk.evoting@cdslindia.com, toll free 1800 21 09911; NSDL: evoting@nsdl.co.in, 022-4886 7000)
Additional Information
- Members requested to update PAN, KYC, bank details, and nomination details
- Special window for transfer and dematerialization of physical shares available from February 5, 2026 to February 4, 2027
- No financial impact quantified for the director appointments
- No gifts/coupons will be distributed at the meeting