Meeting Details

  • Date: Thursday, 10th September 2026
  • Time: 11.00 A.M. (IST)
  • Mode: Video Conference (VC)/Other Audio Visual Means (OAVM)
  • Deemed Venue: Registered office at Block-D, Mondeal Retail Park, Near Rajpath Club, S.G. Highway, Beside Iscon Mall, Ahmedabad – 380054 Gujarat, India
  • Cut-off Date: 4th September 2026 for determining shareholder eligibility

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: Resolution to receive, consider, and adopt the Audited Standalone Financial Statements for FY ended March 31, 2026, along with Auditors' Report and Board of Directors' Report.

2. Re-appointment of Director: Ordinary resolution to re-appoint Mr. Rajendrakumar Kantilal Zaveri (DIN: 02022264) who retires by rotation under Section 152(6) of Companies Act, 2013.

Special Business

3. Creation of Charge/Mortgage: Special resolution to authorize Board to create charge/mortgage on company properties for borrowing purposes under Section 180(1)(a) of Companies Act, 2013, with an aggregate limit not exceeding ₹750 crores.

4. Increase Borrowing Limits: Special resolution to increase borrowing limits under Section 180(1)(c) of Companies Act, 2013, to ₹750 crores (from previous ₹500 crores approved on 30th March 2023).

5. Revision of Executive Directors' Remuneration: Special resolution to revise remuneration for:

  • Mr. Rajendrakumar Kantilal Zaveri (Chairman & MD): Fixed monthly salary increased from ₹7,00,000 to ₹10,00,000; commission increased from 1% to 1.15% of net profits
  • Mr. Harit Rajendrakumar Zaveri (Joint MD & CFO): Same revision terms
  • Perquisites and other benefits remain unchanged from approval dated 30th March 2023

6. Re-appointment of Independent Director: Special resolution to re-appoint Mr. Rajiv Nitin Mehta (DIN: 00697109) as Independent Director for a second term of 5 years from 30th June 2027 to 29th June 2032.

Voting Process

  • Remote e-Voting Period: Commences 7th September 2026 (9:00 AM) to 9th September 2026 (5:00 PM)
  • Service Provider: National Securities Depository Limited (NSDL)
  • Methods: Remote e-voting prior to meeting and e-voting during AGM through VC/OAVM
  • Scrutinizer: Mr. Vasant B Patel, Company Secretary, appointed to scrutinize the voting process
  • Result Declaration: Within two working days from conclusion of AGM, to be submitted to stock exchanges and displayed on company website

Shareholder Participation

  • Members can join AGM 15 minutes before scheduled time through VC/OAVM
  • Facility available for first 1000 members on first-come-first-served basis (excludes large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, auditors)
  • Members who voted remotely cannot vote again during AGM
  • Institutional members must send authorized representative details to NSDL
  • Joint holders: Only first-named holder can vote

Compliance Statements

  • Conducted in compliance with MCA Circular No. 09/2024 dated September 19, 2024 and SEBI Circular No. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated October 3, 2024
  • Documents available for electronic inspection: Register of Directors and KMP shareholding (Section 170), Register of Contracts (Section 189), and all documents referred to in notice
  • Notice sent electronically to members with registered email addresses
  • Physical share transfers not permitted as per SEBI LODR Regulation 40

Additional Information

  • Explanatory statement under Section 102 of Companies Act, 2013 provided for special business items
  • Director profiles and disclosures provided as per Regulation 36 of SEBI LODR and Secretarial Standard 2
  • Members requested to update contact details with DP/RTA
  • Nomination facility available under Section 72 of Companies Act, 2013
  • PAN mandatory for all participants in securities market
  • Helpdesk contacts provided for technical assistance with e-voting