Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Meeting Details
Date: September 26, 2026 (Saturday)
Time: 11:00 AM IST
Venue: Hotel Tara Suns, B/h Yash Complex, B/s Sonal Park, G.E.R.I. Road, Gotri, Vadodara - 390021, Gujarat, India
Mode: Physical meeting
Type: 27th Annual General Meeting
Proposed Resolutions and Implications
Ordinary Business:
Item 1: To receive, consider and adopt the Audited Standalone Financial Statements for FY2025-26 together with reports of Board of Directors and Auditors.
Item 2: To appoint a Director in place of Mr. Jignesh Vallabhbhai Savani (DIN: 00198203), Director & CEO, who retires by rotation and being eligible offers himself for re-appointment.
Item 3: To re-appoint M/s. Sarupria Somani & Associates, Chartered Accountants (Firm Registration No.: 010674C) as Statutory Auditors from conclusion of 27th AGM till conclusion of 28th AGM for FY2026-27 at annual remuneration of ₹2,25,000/- plus out-of-pocket expenses and applicable taxes.
Special Business:
Item 4: To approve remuneration payable to Mr. Pravin Manjibhai Bhayani (DIN: 08332851) as Independent Director amounting to ₹24,00,000/- for period from October 1, 2026 to September 30, 2027, excluding meeting fees and expense reimbursements.
Item 5: Ratification of remuneration of ₹60,000/- plus applicable taxes and out-of-pocket expenses payable to M/s Maulin Shah & Associates, Cost Accountants (Firm Registration Number 101527) as Cost Auditors for FY2026-27.
Item 6: To increase remuneration payable to Mr. Falgun Vallabhbhai Savani (DIN: 00198236) as Managing Director to ₹64,00,000/- per annum including salary, perquisites and allowances for two years from November 26, 2026 to November 25, 2028.
Item 7: To increase remuneration payable to Mr. Jignesh Vallabhbhai Savani (DIN: 00198203) as CEO to ₹64,00,000/- per annum including salary, perquisites and allowances for two years from November 26, 2026 to November 25, 2028.
Voting Process and Methods
Cut-off/Record Date: September 18, 2026 for determining eligibility to vote and attend AGM
E-voting Period: Commences September 22, 2026 at 09:00 AM IST to September 25, 2026 till 05:00 PM IST
Voting Methods: Remote e-voting facility provided through MUFG Intime India Private Limited (RTA) and physical voting at AGM venue
Scrutinizer: CS Dip G. Patel, Proprietor of DG Patel & Associates, Practicing Company Secretary (Membership No. FCS: 10533; COP No: 13774) appointed to scrutinize voting process
Key Financial Performance Data (Explanatory Statement)
FY2025-26 Financials:
- Revenue from operations: ₹103.66 crore
- Profit before tax: ₹17.30 crore
- Profit after tax: ₹13.11 crore
- EPS: ₹10.65
FY2024-25 Financials:
- Revenue from operations: ₹100.97 crore
- Profit before tax: ₹17.92 crore
- Profit after tax: ₹13.36 crore
- EPS: ₹10.86
Compliance Confirmation
The company confirms compliance with applicable provisions of:
- Companies Act, 2013
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies (Management and Administration) Rules, 2014
- Secretarial Standards on General Meetings
Additional Information
- The Annual Report for FY2025-26 will be sent to shareholders electronically
- Members holding physical shares are advised to dematerialize their holdings as physical transfers are restricted
- Unclaimed dividends for seven consecutive years will be transferred to Investor Education and Protection Fund (IEPF)
- Green initiative adopted with electronic dispatch of notice and annual report to registered email addresses
- Detailed e-voting instructions provided for shareholders holding shares in both demat and physical mode
- Proxy forms must be submitted at registered office at least 48 hours before meeting commencement
- Route map to AGM venue provided with prominent landmark as Yash Complex, Gotri Circle, Vadodara