Meeting Details
- Date: Thursday, 24th September, 2026
- Time: 11:00 A.M.
- Location: Conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM)
- Type of Meeting: 55th Annual General Meeting
Proposed Resolutions and Implications
The AGM considered five ordinary resolutions:
1. Adoption of Audited Standalone Financial Statements (including Consolidated Financial Statements) for the financial year ended 31st March, 2026, together with Reports of the Board of Directors and Auditors
2. Declaration of dividend of 35% i.e. Re. 0.35 per equity share of face value Re. 1 each for FY ended 31st March, 2026
3. Re-appointment of Mr. Manubhai Rathod (DIN: 07618837) who retires by rotation
4. Approval of existing and new Material Related Party Transaction(s) with Bombay Minerals Limited
5. Ratification of Cost Auditor's Remuneration
Voting Process and Methods
The voting process included:
- Remote e-voting administered by CDSL was open from Monday, 21st September, 2026 at 9:00 A.M. to Wednesday, 23rd September, 2026 at 5:00 P.M.
- Members participating in the AGM had opportunity to vote electronically after the conclusion of the meeting through e-voting facility provided by CDSL
- The e-voting facility remained open for 15 minutes after the conclusion of the AGM
Key Voting Outcomes
Note: The document does not contain specific voting results, percentages, or participation breakdowns by shareholder category. The results were to be declared within 2 working days from the conclusion of the AGM.
Scrutinizer's Role and Findings
- Mrs. Dipti Gohil was appointed as Scrutinizer to scrutinize votes cast through remote e-voting and e-voting during the 55th AGM
- The scrutinizer's findings and conclusions are not provided in this document
Compliance with Laws and Regulations
The meeting was conducted in compliance with:
- Companies Act, 2013
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- General circulars issued by the Ministry of Corporate Affairs and SEBI
- Registers required under Companies Act, 2013 were made available for electronic inspection
Attendance and Participation
- Total members present: 33 through video conferencing
- Directors present: Mr. Harish Motiwalla (Chairman), Mr. Manan Shah (Managing Director), Mr. Manubhai Rathod (Whole-Time Director), Mr. Hemul Shah (Non-Executive Director), Mrs. Chaitali Salot (Non-Executive Director), Mrs. Akhila Agnihotri Samdaria (Independent Director)
- Key Managerial Personnel: Mr. Vikash Khemka (CFO), Mr. Krupal Upadhyay (Company Secretary)
- Statutory Auditors: Representative from M/s. Sanghavi & Co.
- Absent Director: Mr. Ketan Shrimankar (traveling, leave of absence granted)
Additional Information
- The Chairman delivered a speech on the company's financial performance for FY 2025-2026
- The Managing Director presented on company performance across three core segments: refractories, ceramic raw materials, and specialist ceramic
- One registered member inquired about competitors, CSR activities, and future business plans
- CSR activities focused on women development and educational programs within Manufacturing and Mining Sectors
- The meeting concluded at 11:40 A.M.