Meeting Details

  • Date: September 29, 2026
  • Time: 11:30 AM to 11:42 AM IST
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means
  • Type: Annual General Meeting

Proposed Resolutions and Implications

Two ordinary resolutions were proposed and passed:

1. Resolution 1: To receive, consider and adopt the Audited Standalone Financial Statements for FY ended March 31, 2026, including Balance Sheet, Profit and Loss Statement, and Reports of Board of Directors and Auditors.

2. Resolution 2: To reappoint Mr. Sanjay Jayant Bhatt (DIN: 09075125) as director who retired by rotation under Section 152(6) of Companies Act, 2013.

Voting Process and Methods

  • Remote e-voting was conducted via NSDL from September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
  • E-voting during AGM was available for members present through VC who hadn't voted remotely
  • Cut-off date for shareholder eligibility: September 18, 2026
  • Advertisement published in Financial Express (English and Gujarati) on September 9, 2026

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 334,221,000
  • Total votes cast: 79,831,477 (23.885835% turnout)
  • Number of shareholders attended through VC: 60 (58 Promoter/Promoter Group, 2 Public)

Resolution 1 - Adoption of Financial Statements

  • Total votes in favor: 79,830,477 (99.998747%)
  • Total votes against: 1,000 (0.001253%)
  • Promoter voting: 79,787,400 votes cast (59.338256% of promoter shares) - 100% in favor
  • Public non-institutions: 44,077 votes cast (0.022065% of public shares) - 97.731243% in favor, 2.268757% against

Resolution 2 - Director Reappointment

  • Total votes in favor: 79,829,472 (99.997488%)
  • Total votes against: 2,005 (0.002512%)
  • Promoter voting: 79,787,400 votes cast (59.338256% of promoter shares) - 100% in favor
  • Public non-institutions: 44,077 votes cast (0.022065% of public shares) - 95.451142% in favor, 4.548858% against

Scrutinizer's Role and Findings

  • Scrutinizer: CS Mohan D Baid of M D Baid & Associates, Practicing Company Secretaries
  • Appointment date: September 7, 2026 by Board of Directors
  • Process: Votes unblocked on September 29, 2026 in presence of witnesses Mr. Gaurang Agarwal and Ms. Bharti Baid
  • Findings: Confirmed voting process complied with Companies Act, 2013 and SEBI LODR Regulations
  • Invalid votes: None reported for either resolution

Compliance Confirmation

  • Compliance with Section 108 of Companies Act, 2013 and Rule 20(4)(xii) of Companies (Management and Administration) Rules, 2014
  • Compliance with SEBI LODR Regulation 44(3)
  • Compliance with MCA General Circular No. 03/2025 dated September 22, 2025
  • Compliance with Secretarial Standard on General Meetings (SS-2)

Additional Information

  • Results hosted on company website: www.paraspetrofils.in
  • Company CIN: L17110GJ1991PLC015254