Meeting Details

  • Date: Friday, September 25, 2026
  • Time: Commenced at 2:30 PM IST, concluded at 2:58 PM IST (duration: 28 minutes)
  • Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Type: 42nd Annual General Meeting
  • Legal Basis: Conducted pursuant to MCA General Circular No. 09/2024 dated September 19, 2024 and SEBI Circular No. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated October 03, 2024

Proposed Resolutions

The following seven resolutions were proposed for voting:

Ordinary Business:

1. Adoption of Standalone and Consolidated audited Financial Statements for year ended March 31, 2026, along with reports of Board of Directors and Auditors

2. Re-appointment of Mrs. Padmavati Padmanabhan Pillai (DIN: 02026354) as Director retiring by rotation

Special Business:

3. Ratification of remuneration of Cost Auditors M/s. Mayur Chhaganbhai Undhad & Co., Cost Accountant, Ahmedabad (FRN: 103961) for financial year ending March 31, 2027

4. Appointment of Nisarg Sharma and Associates as Secretarial Auditor to fill casual vacancy and regular appointment

5. Approval of material related party transactions with related parties

6. Adoption of "PIGL ESOP Scheme 2026"

7. Approval of grant of employee stock options under the ESOP Scheme to eligible employees of Company's Group Companies including Subsidiary Companies, Associate Companies and Holding Company

Voting Process and Methods

  • Remote e-voting: Facilitated through CDSL platform
  • E-voting at meeting: CDSL portal remained open for 15 minutes post conclusion of AGM for members who hadn't voted remotely
  • Cut-off date: September 18, 2026 (shareholders holding shares as on this date were eligible to vote)
  • Scrutinizer: Mr. Nisarg Sharma, Proprietor of M/s Nisarg Sharma and Associates, Practicing Company Secretaries appointed to scrutinize voting process in fair and transparent manner

Attendance and Participation

  • Total shareholders present: 36 members through VC/OAVM
  • Total shareholders as on cut-off date: 32,947
  • Quorum: Requisite quorum was present

Key Proceedings

  • Mr. Sumeet Dileep Agnihotri, Chairman & Non-Executive Director, chaired the meeting
  • Ms. Daisy Mehta, Company Secretary and Compliance Officer, conducted proceedings
  • All Directors, Statutory Auditors (MAAK & Associates), Internal Auditor (Tirth S Shah & Associates), and Secretarial Auditor (Nisarg Sharma and Associates) were present
  • Chairman of Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee were present
  • No registered speakers joined the meeting, resulting in no open discussion or interaction session
  • Managing Director conveyed message to shareholders
  • Auditors' Report had no qualifications, reservations, observations, adverse remarks or disclaimer, hence not read at meeting

Compliance Statements

  • Conducted in compliance with Companies Act, 2013 and SEBI (LODR) Regulations, 2015
  • Notice of Meeting and Annual Report was made available to all shareholders
  • Voting results will be submitted to Stock Exchanges and placed on company website