AGM Details

The 42nd Annual General Meeting was held on Monday, 14th September 2026 at 3:00 PM (IST) through Video Conferencing/Other Audio Visual Means without physical presence of members. The meeting was conducted in compliance with MCA General Circular No. 03/2025 dated 22nd September 2025 and SEBI circulars.

Voting Process

The company provided remote e-voting facility from 11th September 2026 (9:00 AM) to 13th September 2026 (5:00 PM) and e-voting facility during the AGM for members present through VC/OAVM who had not voted remotely.

Cut-off date for determining voting rights: 7th September 2026

Total number of shareholders on cut-off date: 3,557

Number of shareholders attended meeting through VC/OAVM: 31 (8 Promoter & Promoter Group, 23 Public)

Scrutineer Appointment

The Board appointed Kashyap R. Mehta & Partners, Practicing Company Secretaries (FRN: P2025GJ106000) as Scrutineers for the voting process. Mr. Kashyap R. Mehta (FCS 1821) was the Lead Scrutineer, with Mr. Yash K. Mehta (ACS 43020) as alternate.

Resolution Results

All six resolutions proposed in the notice dated 29th July 2026 were duly passed with the following voting results:

Resolution 1: Adoption of Audited Financial Statements

  • Type: Ordinary Resolution
  • Shares in favor: 34,19,857 (99.99%)
  • Shares against: 301 (0.01%)
  • Purpose: Adoption of Audited Financial Statements for FY ended 31st March 2026, reports of Board of Directors and Auditors

Resolution 2: Re-appointment of Mr. Ankit J. Patel as Director

  • Type: Ordinary Resolution
  • Shares in favor: 34,04,679 (99.55%)
  • Shares against: 15,479 (0.45%)
  • Director DIN: 02351167
  • Nature: Retirement by rotation

Resolution 3: Appointment of Secretarial Auditors

  • Type: Ordinary Resolution
  • Shares in favor: 34,19,857 (99.99%)
  • Shares against: 301 (0.01%)
  • Firm: Kashyap R. Mehta & Partners (FRN: P2025GJ106000, COP No.: 2052, Peer Reviewed Certificate No. 6827/2025)
  • Term: Five consecutive years (FY2026-27 to FY2030-31)

Resolution 4: Re-appointment of Mr. Ankit J. Patel as Managing Director

  • Type: Special Resolution
  • Shares in favor: 34,04,679 (99.55%)
  • Shares against: 15,479 (0.45%)
  • Director DIN: 02351167
  • Term: 3 years from 17th July 2026 to 16th July 2029
  • Nature: Liability to retire by rotation

Resolution 5: Appointment of Mr. Prakashchandra D. Patel as Independent Director

  • Type: Special Resolution
  • Shares in favor: 34,04,679 (99.55%)
  • Shares against: 15,479 (0.45%)
  • Director DIN: 11845046
  • Designation: Non-Executive & Independent Director
  • Term: 5 consecutive years from 29th July 2026

Resolution 6: Appointment of Mr. Babubhai H. Patel as Independent Director

  • Type: Special Resolution
  • Shares in favor: 34,04,679 (99.55%)
  • Shares against: 15,479 (0.45%)
  • Director DIN: 11850954
  • Designation: Non-Executive & Independent Director
  • Term: 5 consecutive years from 29th July 2026

Shareholding Pattern Analysis

Total outstanding shares: 65,11,800

Total votes polled: 34,20,158 (52.52% of outstanding shares)

Promoter & Promoter Group

  • Shares held: 26,31,794
  • Votes polled: 26,31,794 (100% participation)- All votes cast in favor of all resolutions

Public Non-Institutions

  • Shares held: 38,80,006
  • Votes polled: 7,88,364 (20.32% participation)
  • Voting pattern consistent across all resolutions

Service Providers

  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Registrar and Share Transfer Agent: MUFG Intime (India) Private Limited