Meeting Details

  • NSE Symbol: PAR
  • Meeting Type: 27th Annual General Meeting
  • Meeting Date: Saturday, 26th September, 2026
  • Meeting Time: 11:28 A.M. to 12:41 P.M. IST
  • Meeting Location: Hotel Tara Suns, B/h Yash Complex, B/s Sonal Park, G.E.R.I. Road, Gotri, Vadodara -390021, Gujarat, India
  • Record Date: Friday, 18th September, 2026
  • Total Shareholders on Record Date: 13,053

Proposed Resolutions and Implications

The notice dated 22nd August, 2026 contained seven resolutions for shareholder approval:

1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended 31st March, 2026 together with reports of Board of Directors and Auditors.

2. Ordinary Resolution: To appoint Mr. Jignesh Vallabhbhai Savani (DIN: 00198203), Director & CEO, who retires by rotation and offered himself for re-appointment.

3. Ordinary Resolution: To re-appoint statutory auditors of the Company and to fix their remuneration.

4. Special Resolution: To approve the remuneration payable to Mr. Pravin Manjibhai Bhayani (DIN: 08332851) as an Independent Director.

5. Ordinary Resolution: Ratification of Remuneration of Cost Auditors.

6. Special Resolution: To increase Remuneration payable to Mr. Falgun Vallabhbhai Savani (DIN: 00198236) as Managing Director.

7. Special Resolution: To increase Remuneration payable to Mr. Jignesh Vallabhbhai Savani (DIN: 00198203) as CEO.

Voting Process and Methods

The company provided two voting methods in compliance with the Companies Act, 2013 and SEBI LODR Regulations:

  • Remote E-voting: Conducted through MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Voting Period: Tuesday, 22nd September, 2026 at 9:00 A.M. IST to Friday, 25th September, 2026 at 5:00 P.M. IST
  • Physical Voting: Ballot paper voting during the AGM for shareholders present who had not voted remotely

Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 9,195,593
  • In Favor: 9,195,593 (100%)
  • Against: 0 (0%)
  • Invalid: 0 (0%)

Resolution 2: Re-appointment of Mr. Jignesh Vallabhbhai Savani

  • Total Votes Cast: 162,493
  • In Favor: 162,490 (99.998%)
  • Against: 3 (0.002%)
  • Invalid: 0 (0%)

Resolution 3: Re-appointment of Statutory Auditors

  • Total Votes Cast: 9,195,593
  • In Favor: 9,195,593 (100%)
  • Against: 0 (0%)
  • Invalid: 0 (0%)

Resolution 4: Remuneration of Mr. Pravin Manjibhai Bhayani

  • Total Votes Cast: 9,189,243
  • In Favor: 9,189,240 (99.99995%)
  • Against: 3 (0.00005%)
  • Invalid: 0 (0%)

Resolution 5: Ratification of Cost Auditors' Remuneration

  • Total Votes Cast: 9,195,590
  • In Favor: 9,195,590 (100%)
  • Against: 0 (0%)
  • Invalid: 0 (0%)

Resolution 6: Increased Remuneration for Mr. Falgun Vallabhbhai Savani

  • Total Votes Cast: 162,843
  • In Favor: 162,840 (99.9982%)
  • Against: 3 (0.0018%)
  • Invalid: 0 (0%)

Resolution 7: Increased Remuneration for Mr. Jignesh Vallabhbhai Savani

  • Total Votes Cast: 162,840
  • In Favor: 162,840 (100%)
  • Against: 0 (0%)
  • Invalid: 0 (0%)

Participation Breakdown by Shareholder Category

  • Total Shareholders Present: 45
  • Promoters & Promoter Group: 6
  • Public: 39
  • No shareholders attended through video conferencing

Scrutinizer's Role and Findings

Mr. Dip Patel of DG Patel & Associate, Practicing Company Secretaries, was appointed as Scrutinizer by the Board of Directors on 22nd August, 2026. His responsibilities included:

  • Scrutinizing both remote e-voting and physical ballot paper voting
  • Ensuring fair and transparent voting process
  • Ascertaining requisite majority for all resolutions
  • Preparing consolidated scrutinizer's report

The scrutinizer confirmed that all electronic data and ballot papers were properly handled, no invalid votes were found, and all resolutions were passed with requisite majority.

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 and 21 of the Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant circulars issued by Ministry of Corporate Affairs and SEBI

The company also filed disclosure in XBRL mode regarding consolidated voting outcome as required by Regulation 44(3) of SEBI LODR.

Additional Information

  • The ballot box was locked during the meeting and opened in the presence of two independent witnesses
  • E-voting data was downloaded from the RTA platform in the presence of two witnesses
  • All voting records will remain in the scrutinizer's custody until minutes are approved and signed by the Chairman
  • The report was counter-signed by the company secretary on 27th September, 2026