Key Event and Resolution

The EGM was convened primarily to seek approval for one ordinary resolution:

  • Resolution 1: Approval of the issue of bonus equity shares by capitalisation of reserves.

The resolution was passed with the requisite majority. The manner of approval was through remote e-voting and e-voting (Insta poll) at the EGM.

Meeting Details

  • Date and Time: Monday, August 3, 2026, at 11:30 a.m.
  • Mode: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
  • Venue: The deemed venue was the company's registered office at 1003, The Affaires, Plot No.19, Sector-17, Sanpada, Navi Mumbai – 400705.
  • Quorum: 21 members were present through VC, constituting a valid quorum as per Section 103 of the Companies Act, 2013.
  • Conclusion Time: The EGM concluded at 12:05 P.M.

Voting Process

  • Cut-off Date: Monday, July 27, 2026.
  • Remote E-voting Period: Commenced at 9:00 a.m. IST on Thursday, July 30, 2026, and ended at 5:00 p.m. IST on Sunday, August 2, 2026.
  • E-voting at EGM: Members who had not voted remotely could vote using the 'Insta Poll' facility during the meeting. This facility remained open for 15 minutes after the meeting concluded.
  • Scrutinizer: Mr. Anish Gupta, partner of VKMG & Associates LLP, Practicing Company Secretaries, was appointed as the Scrutinizer for the EGM.

Attendees and Chairmanship

  • Chairman: Mr. Sarang Bhand, Managing Director, chaired the meeting as Mr. Rakesh Mehra (Independent Director and Chairman of the Board) could not attend due to an exigency.
  • Directors Present: All directors were introduced, but specific names other than the Chairman are not listed in the proceedings.
  • Directors Absent: Mr. Rakesh Mehra (Independent Director, Chairman of the Board and Audit Committee) and Mr. Amit Karia (Independent Director, Chairman of Nomination and Remuneration Committee and Stakeholders Relationship Committee) were absent.
  • Other Attendees: Key Managerial Personnel, Statutory Auditors, Secretarial Auditors, and the Scrutinizer were present.
  • Company Secretary: Ms. Seema Gawas Sawant, Company Secretary & Compliance Officer, conducted parts of the proceedings.

Other Key Points

  • The notice of the EGM was dated July 6, 2026, and was sent to members via email.
  • Physical attendance of members and the facility for appointing proxies were dispensed with as per the MCA Circulars.
  • No speaker requests or questions from members were received.
  • The company clarified that this document is a gist of the proceedings and does not constitute the formal minutes of the EGM.
  • The detailed voting results will be intimated to the stock exchanges separately.