Meeting Details

The 48th AGM was held on Thursday, September 24, 2026, from 11:30 A.M. to 11:52 A.M. (IST) through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The deemed venue was the Registered Office of the Company at Village Kanpur, Post Box No. 73, Udaipur 313003, Rajasthan, India.

Proposed Resolutions and Implications

The AGM considered and approved six resolutions:

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026, together with Reports of Board of Directors and Statutory Auditors

2. Declaration of Final Dividend of ₹0.50 per Equity Share (face value ₹10 each) for FY ended March 31, 2026

3. Re-appointment of Mr. Vijay Kumar Nagar (DIN: 10552319) as Director liable to retire by rotation

4. Re-appointment of Mr. Ameya Shroff (DIN: 05315616) as Director liable to retire by rotation

5. Ratification of remuneration payable to M/s. N N & Associates, Cost Accountants (Firm Registration No.: 002322) as Cost Auditor for FY ending March 31, 2027

Special Business:

6. Re-appointment of Mr. Sanjiv Shroff (DIN: 00296008) as Managing Director for a period of three years

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting facilitated by National Securities Depository Limited (NSDL) from Monday, September 21, 2026 (09:00 A.M.) until the conclusion of the AGM
  • E-voting during the AGM for members who attended through VC/OAVM and had not cast their votes through remote voting earlier

The cut-off date for determining voting eligibility was September 18, 2026. Advertisements were published in "Financial Express" (English) as required.

Key Voting Outcomes

Overall Participation:

  • Total shareholders on record date: 13,502
  • Total votes cast: 5,090,841 shares (67.4859% of outstanding shares)
  • 10 Promoter/Promoter Group members and 30 Public members attended through VC/OAVM

Resolution-wise Results:

1. Adoption of Financial Statements:

  • Total votes cast: 5,090,841 (67.4859%)
  • Votes in favor: 5,090,741 (99.9980%)
  • Votes against: 100 (0.001964%)
  • Promoter/Promoter Group: 5,023,619 votes (100% in favor)
  • Public Non-Institutions: 67,222 votes (99.85% in favor, 0.15% against)

2. Final Dividend Declaration:

  • Total votes cast: 5,090,841 (67.4859%)
  • Votes in favor: 5,090,741 (99.9980%)
  • Votes against: 100 (0.001964%)
  • Promoter/Promoter Group: 5,023,619 votes (100% in favor)
  • Public Non-Institutions: 67,222 votes (99.85% in favor, 0.15% against)

3. Re-appointment of Mr. Vijay Kumar Nagar:

  • Total votes cast: 5,090,841 (67.4859%)
  • Votes in favor: 5,090,738 (99.9980%)
  • Votes against: 103 (0.002023%)
  • Promoter/Promoter Group: 5,023,619 votes (100% in favor)
  • Public Non-Institutions: 67,222 votes (99.85% in favor, 0.15% against)

4. Re-appointment of Mr. Ameya Shroff:

  • Total votes cast: 5,090,841 (67.4859%)
  • Votes in favor: 5,090,729 (99.9978%)
  • Votes against: 112 (0.002200%)
  • Promoter/Promoter Group: 5,023,619 votes (100% in favor)
  • Public Non-Institutions: 67,222 votes (99.83% in favor, 0.17% against)

5. Ratification of Cost Auditor Remuneration:

  • Total votes cast: 5,090,841 (67.4859%)
  • Votes in favor: 5,090,738 (99.9980%)
  • Votes against: 103 (0.002023%)
  • Promoter/Promoter Group: 5,023,619 votes (100% in favor)
  • Public Non-Institutions: 67,222 votes (99.85% in favor, 0.15% against)

6. Re-appointment of Mr. Sanjiv Shroff as MD:

  • Total votes cast: 5,090,841 (67.4859%)
  • Votes in favor: 5,090,729 (99.9978%)
  • Votes against: 112 (0.002200%)
  • Promoter/Promoter Group: 5,023,619 votes (100% in favor)
  • Public Non-Institutions: 65,962 votes (99.83% in favor, 0.17% against)

Scrutinizer's Role and Findings

Mr. Ronak Jhuthawat, Partner of M/s. Ronak Jhuthawat & Co., Company Secretaries (Firm Registration Number: P2025RJ104300), was appointed as Scrutinizer. The votes were unblocked at 12:34 P.M. on September 24, 2026, after the conclusion of voting, in the presence of two independent witnesses. The Scrutinizer concluded that all resolutions were passed with requisite majority.

Compliance Confirmation

The meeting and voting process complied with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, MCA Circulars including General Circular No. 03/2025, SEBI Circulars, and Regulation 44 of SEBI Listing Regulations.