The AGM was held on Saturday, September 19, 2026, at 11:00 A.M. and concluded at 11:21 A.M. The meeting was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in accordance with General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs (MCA) and Circular No. SEBI/HO/CFD/CFD-PoD2/P/CIR/2024/133 dated October 03, 2024, issued by SEBI.

Attendance

Directors Present:

  • Mr. Piyush G. Shah - Chairman
  • Mr. Shantilal K. Shah - Managing Director
  • Mr. Suchitkumar M. Patel - Whole-time Director
  • Mrs. Mayura D. Marathe - Independent Director
  • Mr. Dipak S. Jagetiya - Independent Director

The Chairmen of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility (CSR) Committee were also present.

Other Attendees:

  • Ms. Dhara Motka - Company Secretary
  • Mr. Vijay Shah - Chief Financial Officer
  • Mr. Tejas Shah - Representing M/s. Shah & Shah, Statutory Auditor
  • Mr. Ankit Shah - Representing M/s. RNCA & Associates, Internal Auditor
  • Mr. Alpesh Vekariya - Representing M/s. Alpesh Vekariya & Associates, Company Secretaries (Secretarial Auditor and Scrutinizer)

A total of 33 (Thirty Three) members were present through Video Conferencing.

Proceedings

Ms. Dhara Motka, Company Secretary, welcomed the attendees and confirmed that a quorum was present. The notice convening the meeting was taken as read. It was confirmed that there were no qualifications, observations, or comments in the Auditor's Report or the Secretarial Auditor's Report for the financial year 2025-26 that required reading before the AGM under Section 145 of the Companies Act, 2013.

The Chairman delivered a speech. Mr. Vijay Shah, CFO, provided an overview of the company's financial performance for the year ended March 31, 2026.

Voting

Remote e-Voting was provided to members from September 15, 2026 (9:00 A.M.) to September 18, 2026 (5:00 P.M.) via the CDSL platform, as per Section 108 of the Companies Act, 2013. E-voting during the meeting remained open for an additional 15 minutes. Mr. Alpesh Vekariya was appointed as the Scrutinizer to scrutinize the votes cast via Remote e-Voting and e-Voting during the AGM. The results were to be announced within two working days and intimated to the stock exchanges and posted on the company's website.

Business Conducted

Ordinary Business:

1. To receive, consider, and adopt the Audited Financial Statements for the year ended March 31, 2026, including the Audited Balance Sheet, Statement of Profit and Loss, Statement of Cash Flow, and the reports of the Board of Directors and Auditors.

2. To declare a final dividend at the rate of ₹1.25 (12.5%) per equity share of ₹10 each for the financial year ended March 31, 2026.

3. To re-appoint Mr. Piyush Giriraj Shah (DIN: 00286242), a Director retiring by rotation.

Special Business:

4. To ratify the remuneration of M/s. S A & Associates, Cost Auditor of the company.

5. To approve transactions with related parties.

Shareholder Interaction

One shareholder registered as a speaker raised questions during the meeting, which were answered satisfactorily by Mr. Shantilal Shah, Managing Director.

The meeting concluded with a vote of thanks.