Meeting Details

The 38th Annual General Meeting was held on September 5, 2026 from 11:00 AM to 11:22 AM through video conferencing/other audio visual means facility.

Record Date and Shareholding

Record date: August 29, 2026

Total number of shareholders on record date: 19,321

Total share capital: 32,20,200 shares

Attendance Details

  • Promoters and promoter group present through video conferencing: 5 shareholders
  • Public shareholders present through video conferencing: 50 shareholders
  • No shareholders present in person or through proxy

Scrutinizer Details

  • Name: Devesh R Desai
  • Firm: Devesh R Desai
  • Qualification: CS
  • Membership Number: 11332
  • Date of Board Meeting appointment: July 25, 2026
  • Date of Report issuance: September 7, 2026

Voting Results Summary

All 13 resolutions were passed with requisite majority. Total votes polled: 16,42,639 shares (51.0105% of total share capital).

Resolution Details

Resolution 1: Ordinary Resolution

To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 2: Ordinary Resolution

To reappoint Mrs. Kokila Patel (DIN: 00106487) as director retiring by rotation.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 3: Special Resolution

To reappoint Mr. Anil Patel (DIN: 00006904) as Managing Director on attaining age of seventy years.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 4: Special Resolution

To approve revision in remuneration of Mrs. Vaishali Amin (DIN: 00194291), Executive Director.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 5: Special Resolution

To approve revision in remuneration of Mr. Jayesh Shah (DIN: 00474894), Executive Director and CFO.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 6: Special Resolution

To reappoint Mr. Aalok Davda (DIN: 03178800) as Independent Director for second term.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 7: Special Resolution

To reappoint Mr. Forum Lodaya (DIN: 08517985) as Independent Director for second term.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 8: Special Resolution

To reappoint Mr. Pratik Shah (DIN: 03337910) as Independent Director for second term.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 9: Special Resolution

To increase Authorized Share Capital and alter Clause V of Memorandum of Association.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 10: Special Resolution

To alter Object Clause of Memorandum of Association.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 11: Special Resolution

To adopt and approve new Memorandum of Association as per Companies Act, 2013.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 12: Special Resolution

To adopt and approve new Articles of Association as per Companies Act, 2013.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Resolution 13: Ordinary Resolution

Ratification of Cost Auditor's Remuneration.

  • Votes in favor: 16,42,618 (100% of valid votes)
  • Votes against: 21 (0% of valid votes)
  • Result: Passed

Voting Pattern Analysis

All resolutions showed identical voting patterns:

  • Promoter and promoter group: 16,24,788 shares voted 100% in favor (via e-voting)
  • Public institutions: 540 shares, no votes cast
  • Public non-institutions: 15,94,872 shares, 17,851 votes cast (1.1193% of shares held)
  • Public non-institutions voted 99.8824% in favor and 0.1176% against across all resolutions

Scrutinizer's Report Details

The scrutinizer's report confirmed:

  • Remote e-voting period: September 2, 2026 (9:00 AM) to September 4, 2026 (5:00 PM)
  • 30 members participated in remote e-voting
  • 1 member voted against each resolution with 21 shares
  • No invalid votes were recorded
  • All relevant voting records remain in scrutinizer's custody until minutes are approved