Date, Location, and Type of Meeting

The 9th Annual General Meeting was held on Wednesday, September 30, 2026, at the Registered Office of the Company situated at Land Survey No. 919/1 & 919/2, Balasar, Kadi–Detroj Road, Kadi, Mahesana – 382715, Gujarat, India. The meeting commenced at 4:00 PM (IST) and concluded at 4:45 PM (IST).

Attendance

The meeting was chaired by Mr. Saurin Jagadish Bhai Parikh (DIN: 02136530), Chairman & Managing Director of the Company.

Directors and Key Managerial Personnel in Attendance:

  • Mr. Tushar Trivedi (DIN: 06438707), Whole-Time Director
  • Mr. Dakshesh Jayantilal Patel (DIN: 07859419), Non-Executive Director
  • Mr. Sandip Ashwinbhai Parikh (DIN: 00030990), Non-Executive Independent Director
  • Mrs. Sheela Kirtankumar Roy (DIN: 07891440), Non-Executive Independent Director
  • Mr. Ripple Jamnadas Patel (DIN: 00578651), Non-Executive Independent Director
  • Mr. Hareshkumar Shah, Chief Financial Officer
  • Ms. Kratika Soni, Company Secretary & Compliance Officer

The Chairpersons of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee were also present. CA Chirag M. Shah (Statutory Auditor) and CS Nisarg Sharma (Secretarial Auditor & Scrutinizer) attended the meeting.

As of the cut-off date (September 23, 2026), the company had 2,234 shareholders. A total of 19 members, including authorized representatives, attended the meeting in person. No proxy forms were received, and accordingly, no proxies were present at the meeting.

Summary of Proposed Resolutions

Ordinary Business

1. To receive, consider, and adopt:

  • The Standalone audited Financial Statement for the financial year ended March 31, 2026, and reports of Board of Directors and Auditors
  • The Consolidated audited Financial Statement for the financial year ended March 31, 2026, and reports of Board of Directors and Auditors

2. To declare a Final Dividend of ₹0.05 (Five Paisa only) per equity share having face value of Re.1 each (5% on paid-up equity share capital) for FY2026

3. To appoint a director in place of Mr. Tushar Trivedi (DIN: 06438707) who retires by rotation and being eligible, offers himself for re-appointment

Special Business

4. To ratify the remuneration of Cost Auditor of the Company

5. To approve the appointment of M/S. Nisarg Sharma & Associates, Company Secretaries (C.P. No.: 17088) as Secretarial Auditor for a First Term of Five Years

6. To approve Material Related Party Transactions with R.V Enterprise for FY 2026-27

7. To approve material related party transactions with PCI Cottex Export LLP (formerly Pashupati Cottex Export LLP) for FY 2026-27

8. To approve material related party transactions with Pashupati Texspin Export LLP for FY 2026-27

9. To approve material related party transaction(s) proposed to be entered into by Pashupati Cotyarn LLP (subsidiary) with PCI Cottex Export LLP during FY 2026-27

10. To approve material related party transactions with Pashupati Cotyarn LLP for FY 2027-28

11. To approve material related party transactions with Pashupati Texspin Export LLP for FY 2027-28

12. To approve material related party transactions with R.V. Enterprise for FY 2027-28

13. To approve material related party transactions with Pashupati Cotton Industries for FY 2027-28

14. To approve material related party transactions with PCI Cottex Export LLP for FY 2027-28

15. To approve material related party transaction(s) proposed to be entered into by Pashupati Cotyarn LLP with PCI Cottex Export LLP during FY 2027-28

16. To approve material related party transaction(s) proposed to be entered into by Pashupati Cotyarn LLP with Pashupati Texspin Export LLP during FY 2027-28

Voting Process and Methods

The Company provided a remote e-voting facility that commenced at 9:00 AM (IST) on Sunday, September 27, 2026, and concluded at 5:00 PM (IST) on Tuesday, September 29, 2026. Members who attended the AGM in person and had not exercised their voting rights through remote e-voting were provided an opportunity to cast their votes at the Meeting through the voting facility provided by the Company.

CS Nisarg Sharma, Company Secretary in Practice (FCS: 14061; COP: 17088), was appointed as the Scrutinizer to scrutinize the remote e-voting process and the voting conducted at the AGM. The Scrutinizer will submit his report after which the voting results will be declared in accordance with applicable provisions.

Compliance Statement

The Notice convening the 9th AGM, along with the Annual Report for FY2026, had been circulated to members. The Statutory Registers and other relevant documents referred to in the Notice were available for inspection by members during the Meeting. The company will separately intimate the voting results to BSE Limited and National Stock Exchange of India Limited and upload the same on the company's website.