Meeting Details
- Date: Thursday, September 24, 2026
- Time: Commenced at 3:00 p.m. and concluded at 3:23 p.m. (duration: 23 minutes)
- Location: Conducted entirely through electronic mode (Video Conference or Other Audio-Video Means)
- Type: Nineteenth Annual General Meeting
Attendees
Board Members Present:
- Mr. Amit Rambhia - Chairman & Managing Director
- Mr. Nikit Rambhia - Joint Managing Director
- Mr. Nitesh Savla - CFO & Whole Time Director
- Mr. Shailesh Gala - Independent Director and Chairperson of Audit Committee and Stakeholder's Relationship Committee
- Mrs. Tejaswini More - Independent Director and Chairperson of Nomination and Remuneration Committee
- Mr. Jayesh Rambhia - Independent Director
In Attendance:
- Mr. Harshil Chheda - Company Secretary, Compliance Officer & Head - Legal
Invitees:
- Mr. Jayesh Salia - Representative of M/s Jain Salia & Associates (Statutory Auditors)
- Mr. Dharmesh Zaveri - Representative of M/s D.M. Zaveri & Co. and Scrutinizer
Resolutions Considered and Outcomes
The following seven resolutions were proposed and passed with requisite majority:
Ordinary Business:
1. Adoption of audited standalone financial statements of the Company together with the reports of the Board of Directors and the Auditors thereon for the financial year ended March 31, 2026 and audited consolidated financial statements of the Company together with the reports of the Auditors thereon for the financial year ended March 31, 2026. (Type: Ordinary)
2. Appointment of Mr. Amit Rambhia (DIN: 00165919), who retires by rotation and being eligible, offers himself for re-appointment. (Type: Ordinary)
Special Business:
3.1. Appointment of Mrs. Tejaswini More as an Independent Director of the Company. (Type: Special)
4. Ratification of the remuneration of M/s. Kishore Bhatia & Associates, Cost Auditors of the Company for the Financial Year FY 2026-27. (Type: Ordinary)
5. Approval for increase in limit for granting of loan and/or providing guarantee or security under Section 185 of Companies Act, 2013. (Type: Special)
6. Approval for increase in limits to give Loan, provide Guarantee or security and make Investment by the Company under Section 186 of the Companies Act, 2013. (Type: Special)
7. Approval of material related party transaction(s) with Panache Newage Technology Private Limited (Subsidiary Company). (Type: Ordinary)
Voting Process and Methods
The Company provided multiple voting mechanisms:
- Remote e-voting facility was available to members from Monday, September 21, 2026 at 9:00 a.m. to Wednesday, September 23, 2026 at 5:00 p.m.
- Members who had not voted through remote e-voting and participated in the AGM could vote through e-voting conducted at the AGM until 15 minutes from the closure of the meeting
- Physical proxy voting was not applicable as the AGM was held through video conference
Scrutinizer Appointment
Mr. Dharmesh Zaveri, Practicing Company Secretary of M/s D.M. Zaveri & Co., was appointed as the Scrutinizer of the meeting. The results of the voting will be announced and displayed on the company website and submitted to the stock exchange.
Additional Proceedings
- The Chairman confirmed requisite quorum was present through video conference
- All meeting documents including Audited Financial Statement for FY ended March 31, 2026, Board's Report, and Auditor's Report were sent electronically to all members
- Documents/registers were available for electronic inspection upon request
- The Chairman presented the company's financial and business performance for FY 2025-26, ongoing developments, strategic priorities for FY 2026-27, and future growth outlook
- No questions were raised by members during the question period
- The Independent Auditor's Report and Secretarial Audit Report contained no observations or qualifications having adverse effect on the company's functioning
Compliance and Signatories
The proceedings were certified by Mr. Harshil Chheda, Company Secretary, Compliance Officer & Head - Legal, confirming compliance with applicable regulations including the Companies Act, 2013 and SEBI LODR Regulations, 2015.