AGM Details

The 31st Annual General Meeting of Prithvi Exchange (India) Limited was held on Thursday, August 27, 2026 through Video Conferencing/Other Audio-Visual Means. The record date for determining voting eligibility was August 19, 2026.

Shareholder Statistics

  • Total number of shareholders on record date: 5,529
  • Number of public shareholders attended through video conferencing: 52
  • Number of resolutions passed: 6

Voting Results Summary

Resolution 1: Adoption of Audited Standalone Financial Statements

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Total Shares Outstanding: 82,49,650
  • Total Votes Polled: 70,14,911 (85.0328% of outstanding shares)
  • Votes in Favor: 70,14,911 (100% of votes polled)
  • Result: Passed

Resolution 2: Adoption of Audited Consolidated Financial Statements

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Total Shares Outstanding: 82,49,650
  • Total Votes Polled: 70,14,911 (85.0328% of outstanding shares)
  • Votes in Favor: 70,14,911 (100% of votes polled)
  • Result: Passed

Resolution 3: Declaration of Final Dividend

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Dividend Amount: 5% i.e. ₹0.50 per equity share
  • Financial Year: Ended March 31, 2026
  • Total Shares Outstanding: 82,49,650
  • Total Votes Polled: 70,14,911 (85.0328% of outstanding shares)
  • Votes in Favor: 70,14,911 (100% of votes polled)
  • Result: Passed

Resolution 4: Reappointment of Mr. Mahavir Chand

  • Resolution Type: Ordinary
  • Director Details: Mr. Mahavir Chand (DIN: 00671041), Non-Executive Director (Chairman)
  • Total Shares Outstanding: 82,49,650
  • Total Votes Polled: 70,14,911 (85.0328% of outstanding shares)
  • Votes in Favor: 70,14,911 (100% of votes polled)
  • Result: Passed

Resolution 5: Revision in Remuneration of Mr. Pavan Kumar Kavad

  • Resolution Type: Special
  • Promoter Interest: Yes
  • Executive Details: Mr. Pavan Kumar Kavad (DIN: 07095542), Managing Director
  • Effective Date: September 1, 2026
  • Fixed Remuneration: Unchanged at ₹96,00,000 per annum
  • Variable Pay: 12.5% of fixed remuneration (₹12,00,000)
  • Performance Condition: Payable only if company achieves net profit of not less than ₹7,50,00,000 during relevant financial year
  • Total Shares Outstanding: 82,49,650
  • Total Votes Polled: 70,14,911 (85.0328% of outstanding shares)
  • Votes in Favor: 70,13,821 (99.9907% of votes polled)
  • Votes Against: 100 (0.0093% of votes polled)
  • Invalid Votes: 59,40,990
  • Result: Passed

Resolution 6: Revision in Remuneration of Mr. Kalpesh Kumar Kavad

  • Resolution Type: Special
  • Executive Details: Mr. Kalpesh Kumar Kavad (DIN: 09488249), Whole-Time Director & CFO
  • Effective Date: September 1, 2026
  • Fixed Remuneration: Unchanged at ₹48,00,000 per annum
  • Variable Pay: 12.5% of fixed remuneration (₹6,00,000)
  • Performance Condition: Payable only if company achieves net profit of not less than ₹7,50,00,000 during relevant financial year
  • Total Shares Outstanding: 82,49,650
  • Total Votes Polled: 70,14,911 (85.0328% of outstanding shares)
  • Votes in Favor: 70,13,821 (99.97% of votes polled)
  • Votes Against: 100 (0.03% of votes polled)
  • Invalid Votes: 59,40,990
  • Result: Passed

Scrutinizer Details

  • Scrutinizer: V. Esaki & Associates Company Secretaries
  • Voting Agency: NSDL
  • Remote e-voting period: August 24, 2026 (9:00 AM) to August 26, 2026 (5:00 PM)
  • Members who voted remotely: 44
  • Members who voted at AGM: 1
  • Total members voted: 45