The Notice along with Annual Report for FY 2025-26 was emailed to members on 1st September, 2026. For members without registered email, a letter with web-link to Annual Report was sent on the same date.
Key AGM Details:
- Date and time: September 29, 2026 at 12:30 P.M. (IST)
- Cut-off date for e-voting: Friday, September 18, 2026
- E-voting period: Friday, September 25, 2026 at 10:00 AM to Monday, September 28, 2026 at 05:00 PM (IST)
- E-voting agency: Central Depository Services (India) Ltd
- AGM Scrutinizers: M/s. A.M. Sheth & Associates, Practising Company Secretaries
Business to be Transacted:
Ordinary Business:
1. To receive, consider and adopt Audited Financial Statements (Standalone and Consolidated) for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors
2. To re-appoint Mr. Ashok Kumar Patni (DIN: 00014194) as Director who retires by rotation
Special Business:
3. To approve material related party transactions with related parties, specifically with Kalpavruksh Systems Private Limited (KSPL) for aggregate value not exceeding ₹90 Lacs for period from 1st April, 2026 till conclusion of AGM for FY ending 31st March, 2027
Related Party Transaction Details:
The explanatory statement provides detailed information about the proposed related party transactions:
- Name of related party: Kalpavruksh Systems Private Limited (KSPL)
- Nature of relationship: Mr. Ashok Kumar Patni (Director) and Mr. Mir Prakash Jain (CFO) are also directors of KSPL
- Type of transactions: Manpower supply and other IT support services
- Tenure: 1st April, 2026 till conclusion of AGM for FY 2026-27
- Value: Not exceeding ₹90 lakhs for FY 2026-27
- Historical transactions: FY26: ₹37.90 lakhs, FY25: ₹34.02 lakhs, FY24: ₹30.95 lakhs
- Justification: Leverages niche skills, capabilities and resources within the group
Voting Arrangements:
The company has made extensive arrangements for remote e-voting through CDSL. Shareholders can vote electronically from September 25-28, 2026. Detailed instructions are provided for both demat and physical shareholders. Members who vote remotely cannot vote again during the AGM.
Director Profile:
Mr. Ashok Kumar Patni (DIN: 00014194), seeking re-appointment:
- Date of birth: 01.08.1951 (75 years)
- Qualification: Mechanical Engineer from IIT-Bombay
- First appointed: 22-04-1981
- Experience: Business strategy, marketing, finance and administration
- Shareholding: 5,75,995 equity shares
- Board meetings attended: 5 out of 3 in FY 2025-26
- Remuneration: Not drawing any remuneration from the Company