Meeting Details

The Extraordinary General Meeting of the company was held on Saturday, 30th May 2026 at 12:00 Noon (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting was conducted in compliance with MCA and SEBI circulars.

Proposed Resolutions and Implications

Two special resolutions were proposed for shareholder approval:

1. To increase the authorised share capital of the company and consequent alteration of Clause V of the Memorandum of Association (Ordinary Resolution)

2. Approval for the appointment of Mrs. Seema Vijay Sanghavi (DIN: 11046663) as an Executive Director of the company liable to retire by rotation (Ordinary Resolution)

Voting Process and Methods

The company provided remote e-voting facilities through MUFG Intime India Private Limited from Wednesday, 27th May 2026 at 9:00 AM (IST) to Friday, 29th May 2026 at 5:00 PM (IST). Electronic voting was also available during the EGM and for 15 minutes after its conclusion. The cut-off date for determining voting eligibility was Saturday, 23rd May 2026.

Key Voting Outcomes

Total Votes Cast

  • Total outstanding shares: 67,995,235
  • Total votes polled: 3,437,675 (5.0558% of outstanding shares)

Resolution 1: Increase in Authorised Share Capital

  • Votes in favor: 32,494,133 (99.9943% of votes cast)
  • Votes against: 1,846 (0.0057% of votes cast)
  • Invalid votes: 0

Resolution 2: Appointment of Mrs. Seema Vijay Sanghavi

  • Votes in favor: 3,357,534 (97.6687% of votes cast)
  • Votes against: 80,141 (2.3313% of votes cast)
  • Invalid votes: 29,058,304 (primarily from promoter/promoter group who did not vote)

Participation Breakdown by Shareholder Category

Promoter and Promoter Group
  • Shares held: 29,058,570
  • Votes polled: 0 (0.0000% of outstanding shares)
  • All votes were invalid (29,058,304 shares)
Public Institutions
  • Shares held: 4,022,021
  • Votes polled: 501,065 (12.4580% of outstanding shares)
  • Votes in favor: 423,270 (84.4741% of votes polled)
  • Votes against: 77,795 (15.5259% of votes polled)
  • Invalid votes: 0
Public Non-Institutions
  • Shares held: 34,914,644
  • Votes polled: 2,936,610 (8.4109% of outstanding shares)
  • Votes in favor: 2,934,264 (99.9201% of votes polled)
  • Votes against: 2,346 (0.0799% of votes polled)
  • Invalid votes: 0

Scrutinizer's Role and Findings

The Board of Directors appointed TNT & Associates, Practicing Company Secretaries, as scrutinizer for the e-voting process. The scrutinizer carried out scrutiny of electronic votes and submitted a report dated 1st June 2026. The e-voting data was unblocked in the presence of two independent witnesses: CS Samir V. Ravai and CS Vrund R. Brahmbhatt. The scrutinizer confirmed that all votes were counted fairly and transparently.

Compliance with Laws and Regulations

The company confirmed compliance with Section 108 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, as amended by Companies (Management and Administration) (Amendment) Rules, 2015 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was conducted in accordance with MCA Circular Nos. 14/2020, 17/2020, 20/2020, and subsequent circulars including General Circular No. 03/2025 dated September 22, 2025, and relevant SEBI circulars.

Additional Information

For Resolution 2 (appointment of Mrs. Seema Vijay Sanghavi), Mr. Vijay Ramanlal Sanghavi and Mrs. Seema Vijay Sanghavi were considered interested parties, and their votes were not counted for the purpose of passing this resolution. The electronic data and all relevant records relating to the remote e-voting and e-voting at the EGM are under the scrutinizer's safe custody and will be handed over to the Managing Director of the company for safe keeping as provided in the Act.