Meeting Details

The 27th Annual General Meeting was held on Saturday, 26th September 2026 at 11:28 A.M. at Hotel Tara Suns, B/h Yash Complex, B/s Sonal Park, G.E.R.I. Road, Gotri, Vadodara - 390021, Gujarat, India. The meeting commenced at 11:28 AM and concluded at 12:41 PM.

Attendance and Participation

The meeting was chaired by Mr. Falgun V. Savani, Chairman and Managing Director. The total number of shareholders as of the cut-off date (18th September 2026) was 13,053.

Shareholder Attendance Breakdown:

  • In Person: 42 attendees (6 Promoter & Promoter Group, 36 Public)
  • In Proxy: 0 attendees
  • Through Authorized Representative: 3 attendees (all Public)
  • Through Video Conference: Not Applicable
  • Total Attendance: 45 (6 Promoter & Promoter Group, 39 Public)

Meeting Proceedings

The meeting began with a welcome by Mr. Sanket B. Trivedi, Company Secretary, including Deep Prajwalan. Directors and Key Managerial Personnel introduced themselves:

  • Mr. Jignesh V. Savani, CEO and Executive Director
  • Mr. Pravin M. Bhayani, Independent Director (Chairman of Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee and CSR Committee)
  • Mrs. Krishna M. Shah, Independent Director
  • Mrs. Bintal B. Shah, Independent Director
  • Mr. Chintan P. Chauhan, Chief Financial Officer
  • Mr. Sanket B. Trivedi, Company Secretary & Compliance Officer

Auditors present included:

  • M/s. Sarupria Somani & Associates, Chartered Accountants, represented by CA Miral Mehta (Partner), Statutory Auditor
  • D G Patel & Associate, represented by CS Dip G. Patel (Proprietor), Secretarial Auditor

Mrs. Kajal C. Vaghani, Independent Director, was absent due to unavoidable circumstances.

Financial Performance Presentation

The Chairman delivered a speech highlighting financial performance:

  • FY 2025-26 Total Income: ₹107.66 crore (compared to ₹103.12 crore previous year)
  • Profit Before Tax: ₹17.30 crore (compared to ₹17.92 crore previous year)
  • Profit After Tax: ₹13.11 crore (compared to ₹13.36 crore previous year)
  • Company remained debt-free throughout the year
  • Cash and cash equivalents: approximately ₹41.84 crore

The CEO delivered a presentation discussing financial parameters including Balance Sheet, Profit and Loss statements, Cash Flow statement, and financial highlights from the Annual Report.

Voting Process

The company enabled members to vote on all resolutions through remote e-voting facility prior to the AGM. Members who hadn't voted electronically could vote through Ballot Paper during the meeting. If members used both methods, voting through remote e-voting was considered final. Mr. Dip G. Patel, Practicing Company Secretary, was appointed as scrutinizer to conduct the voting process.

Resolution Consideration

The Chairman tabled all resolutions set forth in the AGM notice one by one. A question and answer session was conducted where the Chairman responded to shareholder queries and provided clarifications. Mr. Pravin Bhayani, Independent Director, delivered a speech.

Results and Compliance

The Chairman authorized the company secretary to declare voting results and place them on the company website. The resolutions were deemed to be passed subject to receipt of requisite number of votes. The company confirmed compliance with applicable laws and regulations.

Reference Details

  • Document Reference: PAR/CS/NSE/2026-27/20
  • Date: 26/09/2026