Date, Location, and Type of Meeting

The AGM was held on Saturday, 26th September 2026 at 12:00 Noon (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM), in compliance with MCA and SEBI Circulars.

Summary of Proposed Resolutions

The AGM included eight resolutions:

1. Ordinary Resolution: To receive, consider, and adopt the Audited Standalone Financial Statement for the financial year ended March 31, 2026, with reports of Board of Directors and Auditors.

2. Ordinary Resolution: To receive, consider, and adopt the Audited Consolidated Financial Statement for the financial year ended March 31, 2026, with reports of Auditors.

3. Ordinary Resolution: To appoint a director in place of Mr. Vijay Ramanlal Sanghavi (DIN: 00495922), who retires by rotation and offers himself for reappointment.

4. Ordinary Resolution: To re-appoint M/s. Pankaj R Shah & Associates as Statutory Auditors of the Company for a second term of 5 consecutive years.

5. Ordinary Resolution: To ratify the remuneration payable to cost auditor of the Company for the financial year 2026-2027.

6. Special Resolution: To increase Borrowing Limits from Rs. 900 Crores to Rs. 1500 Crores or the aggregate of paid-up capital and free reserves, whichever is higher.

7. Special Resolution: To create Mortgage, Charge, and hypothecation on Movable and/or Immovable Properties of the Company both present and future in respect of borrowings.

8. Special Resolution: To appoint Mrs. Seema Sanghavi (DIN: 11046663) as Whole Time Director (Executive Director) of the Company.

Voting Process and Methods

Voting was conducted through remote e-voting provided by MUFG Intime India Private Limited (formerly Link Intime India Private Limited) from Wednesday, 23rd September 2026 at 9:00 AM IST to Friday, 25th September 2026 at 5:00 PM IST, and through e-voting during the AGM and 15 minutes after conclusion. The Board of Directors appointed TNT & Associates, Practicing Company Secretaries, as the Scrutinizer for e-voting.

Key Voting Outcomes

Overall Voting Participation

  • Total shares outstanding: 8,39,26,350
  • Total votes polled: 3,59,45,687 (42.83% of outstanding shares)

Resolution-wise Results:

Resolution 1: Adoption of Standalone Financial Statements
  • Resolution Type: Ordinary
  • Promoter and Promoter Group: Votes polled: 32,489,750 (99.9998% of shares held), 100% in favor
  • Public Institutions: Votes polled: 1,402,017 (39.9993% of shares held), 100% in favor
  • Public Non-Institutions: Votes polled: 2,053,920 (4.2851% of shares held), 100% in favor except 1 vote against
  • Total: Votes in favor: 3,59,45,686 (100.0000% of votes polled), Votes against: 1 (0.0001%)
Resolution 2: Adoption of Consolidated Financial Statements
  • Resolution Type: Ordinary
  • Promoter and Promoter Group: 100% in favor (32,489,750 votes)
  • Public Institutions: 100% in favor (1,402,017 votes)
  • Public Non-Institutions: 100% in favor except 1 vote against (2,053,919 in favor, 1 against)
  • Total: 99.9999% in favor, 0.0001% against
Resolution 3: Reappointment of Mr. Vijay Ramanlal Sanghavi
  • Resolution Type: Ordinary
  • Promoter and Promoter Group: 100% in favor (32,489,750 votes)
  • Public Institutions: 99.5740% in favor (1,396,045 votes), 0.4260% against (5,972 votes)
  • Public Non-Institutions: 100% in favor except 1 vote against (2,053,919 in favor, 1 against)
  • Total: 99.9834% in favor (3,59,39,714 votes), 0.0166% against (5,973 votes)
Resolution 4: Reappointment of Statutory Auditors
  • Resolution Type: Ordinary
  • Promoter and Promoter Group: 100% in favor (32,489,750 votes)
  • Public Institutions: 100% in favor (1,402,017 votes)
  • Public Non-Institutions: 99.9269% in favor (2,052,419 votes), 0.0731% against (1,501 votes)
  • Total: 99.9958% in favor (3,59,44,186 votes), 0.0042% against (1,501 votes)
Resolution 5: Ratification of Cost Auditor Remuneration
  • Resolution Type: Ordinary
  • Promoter and Promoter Group: 100% in favor (32,489,750 votes)
  • Public Institutions: 100% in favor (1,402,017 votes)
  • Public Non-Institutions: 100% in favor except 1 vote against (2,053,919 in favor, 1 against)
  • Total: 99.9999% in favor, 0.0001% against
Resolution 6: Increase in Borrowing Limits
  • Resolution Type: Special
  • Promoter and Promoter Group: 100% in favor (32,489,750 votes)
  • Public Institutions: 100% in favor (1,402,017 votes)
  • Public Non-Institutions: 100% in favor except 1 vote against (2,053,919 in favor, 1 against)
  • Total: 99.9999% in favor, 0.0001% against
Resolution 7: Creation of Mortgage/Charge
  • Resolution Type: Special
  • Promoter and Promoter Group: 100% in favor (32,489,750 votes)
  • Public Institutions: 100% in favor (1,402,017 votes)
  • Public Non-Institutions: 100% in favor except 1 vote against (2,053,919 in favor, 1 against)
  • Total: 99.9999% in favor, 0.0001% against
Resolution 8: Appointment of Mrs. Seema Sanghavi
  • Resolution Type: Special
  • Promoter and Promoter Group: 100% in favor (32,489,750 votes)
  • Public Institutions: 94.0253% in favor (1,318,250 votes), 5.9747% against (83,767 votes)
  • Public Non-Institutions: 99.9586% in favor (2,053,069 votes), 0.0414% against (851 votes)
  • Total: 99.7646% in favor (3,58,61,069 votes), 0.2354% against (84,618 votes)

Scrutinizer's Role and Findings

TNT & Associates, Practicing Company Secretaries, was appointed as scrutinizer. They scrutinized the e-voting process and submitted a report dated 26th September 2026. The report details the number of votes cast in favor and against each resolution, and confirms that all resolutions were passed with requisite majority. The electronic data and records are under their custody and will be handed over to the Company Secretary for safe keeping.

Compliance with Laws and Regulations

The voting process complied with Section 108 of the Companies Act, 2013, the Companies (Management and Administration) Rules, 2014, as amended, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.