Meeting Details

  • The 32nd AGM was conducted on Monday, September 28, 2026, at 9:30 AM.
  • The meeting was held through Video Conferencing (VC) and Other Audio Visual Means (OAVM) as mandated by SEBI and MCA regulations.
  • Central Depository Services Limited (CDSL) was engaged as the Technology Service Provider for facilitating the meeting.
  • A total of 42 members were present through video conferencing, as per the venue attendance report submitted by CDSL.

Key Participants

Directors Participating through VC:

  • Mr. Ranjit Kumar Kothari (DIN: 01560805) - Chairman & Non-Independent Director
  • Mr. B Popatlal Kothari (DIN: 00594168) - Managing Director
  • Mr. Suresh Kumar Mehta (DIN: 07468733) - Independent Director & Chairman of Audit Committee
  • Ms. Kavita Patel (DIN: 09433199) - Independent Director & Chairman of Nomination and Remuneration Committee
  • Mrs. Aashika Kumari (DIN: 08455410) - Independent Director
  • Mrs. Payal Jain (DIN: 0007181548) - Director - Non-Independent

Key Managerial Personnel (KMPs) Participating through VC:

  • Mr. P Kashyap Kothari - Chief Financial Officer
  • Mrs. Jagruti Jain - Company Secretary

Auditors Participating through VC:

  • Mr. Poonam Jain M, Partner, Poonam Ankit & Associates - Statutory Auditor
  • Gopikrishnan Madanagopal - Secretarial Auditor
  • Mahavirchand Kochar - Internal Auditor

Proceedings and Resolutions

The meeting covered standard AGM agenda items. The Notice of the AGM, dated August 14, 2026, along with the Annual Report for FY 2025-26, had been sent to shareholders in electronic form and hosted on the company's website and that of BSE Ltd.

The Auditors' Report for the financial year ended March 31, 2026, was an un-modified (clean) report. The Secretarial Auditor also expressed an un-modified opinion in their report.

Four Ordinary Resolutions were proposed for shareholder approval via electronic voting. The voting period closed on September 27, 2026, at 5:00 PM. The scrutinizer submitted his report on September 30, 2026, and the Chairman declared the results on the same day.

Detailed Voting Results

Resolution 1: Adoption of Audited Financial Statements for FY ended March 31, 2026

  • Type: Ordinary Resolution
  • Result: PASSED with requisite majority.
  • Promoter & Promoter Group: 8,119,280 shares voted全部 in favor (100%).
  • Public Non-Institutions: 3,109,084 shares voted; 3,109,079 in favor (99.9998%), 5 against (0.0002%).
  • Total Votes Cast: 11,228,364 shares; 11,228,359 in favor (100.0000%), 5 against (0.0000%).
  • No invalid votes.

Resolution 2: Declaration of Dividend

  • Type: Ordinary Resolution
  • Dividend Declared: Re. 0.20 paise per share (i.e., 10%) for the year ended March 31, 2026.
  • Result: PASSED with requisite majority.
  • Promoter & Promoter Group: 8,119,280 shares voted全部 in favor (100%).
  • Public Non-Institutions: 3,109,084 shares voted; 3,109,079 in favor (99.9998%), 5 against (0.0002%).
  • Total Votes Cast: 11,228,364 shares; 11,228,359 in favor (100.0000%), 5 against (0.0000%).
  • No invalid votes.

Resolution 3: Re-appointment of Mrs. Payal Jain (DIN: 07181548) as Director

  • Type: Ordinary Resolution
  • Result: PASSED with requisite majority.
  • Promoter & Promoter Group: 8,119,280 shares voted全部 in favor (100%).
  • Public Non-Institutions: 3,109,084 shares voted; 3,107,397 in favor (99.9457%), 1,687 against (0.0543%).
  • Total Votes Cast: 11,228,364 shares; 11,226,677 in favor (99.9858%), 1,687 against (0.0150%).
  • No invalid votes.

Resolution 4: Appointment of Secretarial Auditor

  • Appointee: Mr. S Hari Krishnan, Practicing Company Secretary (Membership No: A29583; CP No.13740; Peer Reviewer No.3100, Chennai).
  • Term: For a period of five years, from the conclusion of the 32nd AGM till the conclusion of the 37th AGM in 2031 (covering FY 2026-27 to FY 2030-31).
  • Remuneration: To be as recommended by the Audit Committee and mutually agreed between the Board and the auditor.
  • Type: Ordinary Resolution
  • Result: PASSED with requisite majority.
  • Promoter & Promoter Group: 8,119,280 shares voted全部 in favor (100%).
  • Public Non-Institutions: 3,109,084 shares voted; 3,109,079 in favor (99.9998%), 5 against (0.0002%).
  • Total Votes Cast: 11,228,364 shares; 11,228,359 in favor (100.0000%), 5 against (0.0000%).
  • No invalid votes.

Other Key Points

  • The Chairman delivered a speech outlining the company's performance, the general business, and economic scenario.
  • Four shareholders were given the opportunity to speak during the meeting, and clarifications provided by management were noted to be hosted on the company's website.
  • The meeting concluded at 10:09 AM on September 28, 2026.
  • The finalized minutes were signed by the Chairman of the meeting, Mr. B Ranjit Kumar Kothari, on October 23, 2026.
  • The certified copy of the minutes was signed and issued by Mr. B Popatlal Kothari, Managing Director, on October 23, 2026.

Financial Impact

The declaration of a dividend of Re. 0.20 per share constitutes a cash outflow for the company. The total amount of dividend outflow is not quantified in the disclosure.