Date: 22/08/2026

Board Meeting Outcomes

The Board of Directors meeting was held on August 22, 2026 through Video Conferencing from 4:00 PM to 5:35 PM. The Board considered and approved the following matters:

AGM Arrangements

  • 27th Annual General Meeting to be held on Saturday, September 26, 2026 at 11:00 AM
  • Venue: Hotel Tara Suns, B/h Yash Complex, B/s Sonal Park, G.E.R.I. Road, Gotri, Vadodara-390021, Gujarat, India
  • Physical mode of meeting
  • Cut-off/Record date for voting: Friday, September 18, 2026
  • E-voting period: Tuesday, September 22, 2026 (9:00 AM) to Friday, September 25, 2026 (5:00 PM)
  • Approved Notice of 27th AGM

Reports and Compliance

  • Received and considered Secretarial Audit Report for year ended March 31, 2026
  • Approved Directors Report with annexures for financial year ended March 31, 2026
  • Annual report for FY2025-26 to be provided in due course
  • Approved cost audit report for FY2025-26

KMP / Board Changes

Reappointment of Director & CEO:

  • Mr. Jignesh Vallabhbhai Savani (DIN: 00198203) to be reappointed as Director & CEO
  • Retiring by rotation, subject to shareholder approval at AGM

Remuneration Approvals:

1. Mr. Falgun Vallabhbhai Savani (DIN: 00198236) as Managing Director:

  • Remuneration increased to ₹64 lakh per annum
  • Period: November 26, 2026 to November 25, 2028
  • Subject to shareholder approval

2. Mr. Jignesh Vallabhbhai Savani (DIN: 00198203) as CEO:

  • Remuneration increased to ₹64 lakh per annum
  • Period: November 26, 2026 to November 25, 2028
  • Subject to shareholder approval

3. Mr. Pravin Manjibhai Bhayani (DIN: 08332851) as Independent Director:

  • Remuneration of ₹24 lakh for one year
  • Period: October 1, 2026 to September 30, 2027
  • Subject to shareholder approval

Auditor Appointments

Statutory Auditor:

  • Reappointed M/s. Sarupria Somani & Associates, Chartered Accountants (FRN: 010674C)
  • For FY2026-27
  • Remuneration: ₹2,25,000 plus out-of-pocket expenses and taxes
  • Subject to shareholder approval

Internal Auditor:

  • Reappointed M/s. SIDDHPURA & CO, Chartered Accountants (FRN: 132821W)
  • For FY2026-27

Cost Auditor:

  • Reappointed M/s. Maulin Shah & Associates, Cost Accountant (Firm Registration Number: 101527)
  • For FY2026-27
  • Remuneration subject to shareholder ratification

Service Providers Appointment

  • Appointed MUFG INTIME INDIA PRIVATE LIMITED as RTA for e-voting facility
  • Appointed CS Dip G. Patel of DG Patel & Associates as Scrutinizer
  • Approved advertisements for AGM Notice in Economic Times & Navgujarat Samay

Authorization and Delegation

  • Authorized Company Secretary or Directors to certify e-Form AOC-4 XBRL, MGT-7 for FY2025-26
  • Authorized CS Dip G. Patel to issue certificate in Form MGT-8
  • Authorized Mr. Falgun V. Savani or Mr. Jignesh Vallabhbhai Savani to appoint portfolio managers for investment decisions

Financial Results

Not Specified

Dividend Declaration

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

The notice includes detailed explanatory statements for all AGM agenda items requiring shareholder approval.