Meeting Details

The 38th Annual General Meeting was held on Monday, 28th September 2026 at 11:30 AM IST through video conferencing (VC) / Other Audio Video Means (OAVM) as permitted by the Ministry of Corporate Affairs and SEBI.

Summary of Proposed Resolutions

The meeting considered 11 resolutions for shareholder approval:

Ordinary Business and Ordinary Resolutions

  • Item (i): Consideration and adoption of Audited Financial Statements for FY 2025-26, Board's Report, and Auditors' Report
  • Item (ii): Re-appointment of Mr. Rajaram Maheshwari (DIN: 00249954) as Director retiring by rotation

Special Business

  • Item (iii): Ratification of Remuneration of Cost Auditors M/s Bhanwarlal Gurjar & Co., CMA Surat (Membership No. 22597) for FY 2026-27 by Ordinary resolution
  • Item (iv): Reappointment of Mr. Ramvilas Maheshwari as Managing Director by Special resolution
  • Item (v): Reappointment of Mr. Rajaram Maheshwari as Whole-Time Director (Executive Director) by Special resolution
  • Item (vi): Reappointment of Mr. Prakash Maheshwari as Whole-Time Director by Ordinary resolution
  • Item (vii): Approval of payment of remuneration to Executive Directors who are promoters holding 5% of net profits as per Regulation 17(6)(e)(ii) of SEBI (LODR) Regulations 2015
  • Item (viii): Sale, transfer, lease or disposal of entire Land and Buildings with/without plant, machinery, equipment and other assets of factory located at Plot No. G-73, M.I.D.C. Tarapur Industrial Area, Boisar 401 506, Dist. Palghar (Maharashtra)

Voting Process and Methods

The company provided two voting methods:

  • Remote e-voting through CDSL services commenced on Friday, 25th September 2026 at 9:00 AM IST and ended on Sunday, 27th September 2026 at 5:00 PM IST
  • E-voting facility was also available during the AGM for members who hadn't voted remotely

Key Voting Outcomes

The document states that voting results will be filed separately after receipt of the Scrutinizer's Report and declared within 48 hours from conclusion of the AGM. The results will be displayed on the company website and CDSL website after intimation to stock exchanges.

Scrutinizer's Role

Mr. Vinod Kumar Mandawaria, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize the e-voting process before and during the AGM in a fair and transparent manner.

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • Companies Act, 2013 and Rules made thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA circulars permitting virtual meetings
  • All directors confirmed receipt of notice and proper participation conditions

Other Procedural Information

  • Soft copies of notice dated 25.08.2026, Board's Report, Corporate Governance Report, Management Discussion & Analysis, and Audited Financial Statements were emailed to all shareholders
  • The Register of Directors, Key Managerial Personnel and their shareholding, along with Register of Contracts were available for inspection on the company's investor info tab during the meeting
  • The meeting had requisite quorum and concluded at 12:02 noon
  • Shareholders could vote until 15 minutes after the end of the AGM

Attendees

Directors Present:

  • Mr. R.V. Maheshwari (Chairman & Managing Director)
  • Mr. Rajaram Maheshwari (Executive Director)
  • Mr. Prakash Maheshwari (Whole-Time Director)
  • Mrs. Neha Jagetia (Chairperson of Audit Committee)
  • Mr. Vinay Maheshwari (Chairman of Nomination & Remuneration Committee)
  • Mr. Deepak Manikant Vaishna (Chairman of Stakeholders Relationship Committee)

Other Attendees:

  • M/s. Sarda & Pareek IP (Statutory Auditors)
  • Mr. Vinod Kumar Mandawaria (Secretarial Auditor & Scrutinizer)