Meeting Details

The 2nd Annual General Meeting of the company was held on Wednesday, June 24, 2026, from 12:00 Noon to 12:55 PM (IST). The meeting was conducted entirely through Video Conferencing/ Other Audio Visual Means (OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI. The notice convening the AGM was dated May 11, 2026.

Summary of Proposed Resolutions and Implications

Three resolutions were proposed for shareholder approval:

1. Ordinary Business: To receive, consider, and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.

2. Ordinary Business: To appoint a director in place of Mr. Amit Yeshwant Modak (DIN: 00396631), who retires by rotation and, being eligible, offered himself for re-appointment.

3. Special Business: To appoint CS Ruchi Bhave, Practicing Company Secretary (ICSI Membership No. F13324), as the Secretarial Auditor of the Company for a term of five years, commencing from FY 2026-27 to FY 2030-31.

Voting Process and Methods Used

The voting was conducted exclusively via remote e-voting facilitated by National Securities Depository Limited (NSDL). The e-voting period was open from Friday, June 19, 2026, at 9:00 AM until Tuesday, June 23, 2026, at 5:00 PM. Members attending the AGM who had not voted during this period were given an additional 15 minutes to cast their votes during the meeting itself. Physical polling or postal ballots were not applicable. Ms. Ruchi Bhave, Practicing Company Secretary, was appointed as the Scrutinizer to scrutinize the entire e-voting process.

Key Voting Outcomes

Overall Participation

  • The total number of shareholders on the record date (cut-off date: June 17, 2026) was 16,055.
  • A total of 34 public shareholders and 3 promoter group shareholders attended the meeting via VC/OAVM.
  • 76.0082% of the total outstanding shares were voted, representing 24,093,394 shares out of a total of 31,698,400 shares.

Resolution-wise Results

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • Total Votes Polled: 24,093,394 shares (76.0082% of total shares)
  • Votes in Favour: 24,093,392 shares (99.9999% of votes polled)
  • Votes Against: 2 shares (0.0001% of votes polled)
  • Result: Passed

Resolution 2: Re-appointment of Director (Ordinary Resolution)

  • Total Votes Polled: 24,093,394 shares (76.0082% of total shares)
  • Votes in Favour: 24,093,328 shares (99.9997% of votes polled)
  • Votes Against: 66 shares (0.0003% of votes polled)
  • Result: Passed

Resolution 3: Appointment of Secretarial Auditor (Ordinary Resolution)

  • Total Votes Polled: 24,093,394 shares (76.0082% of total shares)
  • Votes in Favour: 24,093,367 shares (99.9999% of votes polled)
  • Votes Against: 27 shares (0.0001% of votes polled)
  • Result: Passed

Category-wise Voting Breakdown (Consolidated for all Resolutions)

  • Promoter & Promoter Group: Voted 20,474,424 of their 20,479,834 shares (99.9736% turnout). 100% of their votes were in favour of all resolutions.
  • Public Institutions: Voted 1,455,387 of their 4,713,239 shares (30.8787% turnout). 100% of their votes were in favour of all resolutions.
  • Public Non-Institutions: Voted 2,163,583 of their 6,505,327 shares (33.2586% turnout). Their votes were 99.9969% in favour for Resolution 2 and 99.9988% in favour for Resolution 3.

Scrutinizer's Role, Findings, and Conclusions

Ms. Ruchi Bhave, the appointed Scrutinizer, unblocked the e-votes in the presence of two witnesses (Rutvik Bhide and Isha Dixit) at 1:04 PM on June 24, 2026. Her consolidated report confirmed that the e-voting process was conducted in a fair and transparent manner. She verified the vote counts for each resolution and concluded that all three resolutions had secured the requisite majority to be declared passed. The scrutinizer's register and related records were to be handed over to the company secretary after the Chairman signs the meeting minutes.

Compliance with Laws and Regulations

The company confirmed that the meeting was conducted in accordance with the relevant provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following circulars issued by the MCA and SEBI. The audited financial statements and secretarial audit report for FY ended March 31, 2026, contained no qualifications, reservations, or adverse remarks.