AGM and Voting Details

The 55th Annual General Meeting was held on Monday, August 31, 2026 through video conferencing facility.

Kamlesh Rajoria of Kamlesh Rajoria & Associates (Membership No. F12707 / COP 18010) was appointed as Scrutinizer for the e-voting process.

The company availed services of NSDL to facilitate e-voting by shareholders.

Voting commenced on Wednesday, August 26, 2026 at 9:00 AM IST and ended on Sunday, August 30, 2026 at 5:00 PM IST.

Cut-off date for determining voting eligibility was August 24, 2026.

AGM notice along with explanatory statement was dispatched to shareholders on August 7, 2026.

Voting Results Summary

All eight resolutions received requisite majority and were duly passed with approximately 99.99% votes in favor across all items.

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Subject: To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon
  • Total votes: 8,866,869
  • Votes in favor: 8,866,867 (99.99%)
  • Votes against: 2 (0.01%)
  • Invalid votes: Nil

Resolution 2: Reappointment of Director

  • Type: Ordinary Resolution
  • Subject: To re-appoint Shri Rajendra C. Saraf, who retires by rotation, as Director of the Company
  • Total votes: 8,866,469
  • Votes in favor: 8,866,467 (99.99%)
  • Votes against: 2 (0.01%)
  • Invalid votes: Nil

Resolution 3: Ratification of Cost Auditor Remuneration

  • Type: Ordinary Resolution
  • Subject: To ratify the remuneration of M/s Kejriwal & Associates, Cost Auditors for the Year 2026-27
  • Total votes: 8,866,869
  • Votes in favor: 8,866,867 (99.99%)
  • Votes against: 2 (0.01%)
  • Invalid votes: Nil

Resolution 4: Appointment of Non-Executive Director

  • Type: Special Resolution
  • Subject: To consider and approve appointment of Shri Ritvik V. Saraf, as Promoter, Non-Executive, Non-Independent Director of the Company
  • Total votes: 8,866,869
  • Votes in favor: 8,866,867 (99.99%)
  • Votes against: 2 (0.01%)
  • Invalid votes: Nil

Resolution 5: Appointment of Independent Director

  • Type: Special Resolution
  • Subject: To approve appointment of Shri Ankur Sanjay Mehta as an Independent Director of the Company for a consecutive term of five years
  • Total votes: 8,866,869
  • Votes in favor: 8,866,867 (99.99%)
  • Votes against: 2 (0.01%)
  • Invalid votes: Nil

Resolution 6: Material Related Party Transactions

  • Type: Special Resolution
  • Subject: To Approval of Material Related Party Transactions
  • Total votes: 8,866,869
  • Votes in favor: 8,866,867 (99.99%)
  • Votes against: 2 (0.01%)
  • Invalid votes: Nil

Resolution 7: Preferential Issue of Convertible Warrants

  • Type: Special Resolution
  • Subject: Issue of Convertible warrants on a Preferential basis to non-Promoter
  • Votes against: 0.01% (specific vote count not detailed in data)
  • Invalid votes: Nil

Resolution 8: Preferential Issue of Equity Shares

  • Type: Special Resolution
  • Subject: Issue of equity shares on a Preferential basis to members of the Promoter group and non-Promoters
  • Total votes: 8,866,869
  • Votes in favor: 8,866,867 (99.99%)
  • Votes against: 2 (0.01%)
  • Invalid votes: Nil

Shareholding Pattern and Voting Analysis

Total outstanding shares: 12,614,519

Total votes polled: 8,866,869 (70.291% of outstanding shares)

Promoter and Promoter Group

  • Shares held: 8,684,491
  • Votes polled: 8,684,391 (99.9988% of promoter shares)
  • Votes in favor: 8,684,391 (100% of votes polled)
  • Votes against: 0

Public-Non Institutions

  • Shares held: 3,930,028
  • Votes polled: 182,478 (4.6432% of public non-institution shares)
  • Votes in favor: 182,476 (99.9989% of votes polled)
  • Votes against: 2 (0.0011% of votes polled)

Public-Institutions

  • No votes recorded from this category

Signatories and Authentication

The report was digitally signed by Hetal Hasmukhlal Joshi, Company Secretary & Compliance Officer on August 31, 2026 at 18:30:11 IST.

The scrutinizer's report was signed by CS Kamlesh Rajoria, Proprietor of Kamlesh Rajoria & Associates (M. No. F12707, CP No. 18010) on August 31, 2026 in Mumbai.