Meeting Details
- Date of AGM: Thursday, September 10, 2026
- Meeting Type: 15th Annual General Meeting conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
- Record Date: September 03, 2026
- Total Shareholders: 2,80,199 as of record date
- Shareholder Attendance:
- 07 Promoters and Promoter Group members attended via VC/OAVM
- 41 Public shareholders attended via VC/OAVM
Proposed Resolutions and Implications
Three ordinary resolutions were proposed for shareholder approval:
1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors.
2. Re-appointment of Director: To re-appoint Mr. Vishal Ajitbhai Mehta (DIN: 03093563) as a Director who retires by rotation and being eligible, offers himself for re-appointment.
3. Approval of Material Related Party Transactions: Approval of material related party transactions with AvenuesAI Limited.
Promoters/Promoter Group were not interested in any of the resolutions.
Voting Process and Methods
The voting was conducted through:
- Remote e-voting: Conducted through NSDL from Sunday, September 06, 2026 (9:00 am) to Wednesday, September 09, 2026 (5:00 pm)
- E-voting at AGM: Conducted during the AGM on September 10, 2026
- Postal Ballot: Not utilized for any resolution
Key Voting Outcomes
Resolution 1: Adoption of Financial Statements
- Total Votes Cast: 1,75,15,598 shares (56.0348% of outstanding shares)
- In Favor: 1,75,14,958 shares (99.9963% of votes cast)
- Against: 640 shares (0.0037% of votes cast)
- Category-wise Breakdown:
- Promoters & Promoter Group: 85,79,003 shares voted (99.9878% of holdings), 100% in favor
- Public Institutions: No votes cast
- Public Non-Institutions: 89,36,595 shares voted (40.1060% of holdings), 99.9928% in favor, 0.0072% against
Resolution 2: Re-appointment of Director
- Total Votes Cast: 1,75,15,598 shares (56.0348% of outstanding shares)
- In Favor: 1,75,14,301 shares (99.9926% of votes cast)
- Against: 1,297 shares (0.0074% of votes cast)
- Category-wise Breakdown:
- Promoters & Promoter Group: 85,79,003 shares voted (99.9878% of holdings), 100% in favor
- Public Institutions: No votes cast
- Public Non-Institutions: 89,36,595 shares voted (40.1060% of holdings), 99.9855% in favor, 0.0145% against
Resolution 3: Related Party Transactions with AvenuesAI
- Total Votes Cast: 42,87,185 shares (13.7153% of outstanding shares)
- In Favor: 42,85,911 shares (99.9703% of votes cast)
- Against: 1,274 shares (0.0297% of votes cast)
- Category-wise Breakdown:
- Promoters & Promoter Group: No votes cast
- Public Institutions: No votes cast
- Public Non-Institutions: 42,87,185 shares voted (19.2402% of holdings), 99.9703% in favor, 0.0297% against
Invalid Votes
- Resolution 1: 0 invalid votes across all categories
- Resolution 2: 0 invalid votes across all categories
- Resolution 3: 13,228,413 invalid votes (Promoter: 85,79,003; Public Non-Institutions: 46,49,410)
Scrutinizer's Role and Findings
Ashish C. Doshi, Partner of SPANJ & ASSOCIATES, Company Secretaries, was appointed as Scrutinizer to scrutinize the e-voting process. Key findings:
- Remote e-voting period: September 06-09, 2026
- Votes were unblocked on September 10, 2026 after AGM conclusion, witnessed by Mr. Krutarth Raval and Ms. Vanshika Kela
- Scrutinizer relied on reports generated from NSDL's e-voting system
- All electronic data and records were handed over to the Company Secretary for preservation
- The scrutinizer's report is for submission to stock exchanges and website placement only
Compliance Confirmation
The voting process complied with:
- Section 108 of the Companies Act, 2013
- Rule 20 of the Companies (Management and Administration) Rules, 2014
- SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
- MCA General Circulars dated April 08, 2020, April 13, 2020, May 05, 2020, May 05, 2022, December 28, 2022, September 25, 2023, September 19, 2024, and September 22, 2025