Meeting Details

  • Date: Wednesday, 30th September 2026
  • Time: Commenced at 2:04 PM IST, concluded at 2:32 PM IST
  • Type: 22nd Annual General Meeting
  • Mode: Video Conferencing / Other Audio-Visual Means (VC/OAVM)
  • Deemed Venue: Registered Office at Gat No. 475, Village Gonde, Taluka Sinnar, Nashik – 422 113, Maharashtra
  • Record Date: 23rd September 2026

Proposed Resolutions and Implications

Three ordinary resolutions were considered:

1. Adoption of Financial Statements: To receive, consider and adopt the audited financial statements (including audited consolidated financial statements) for the financial year ended 31st March 2026 and Reports of Directors and Auditors.

2. Dividend Declaration: To declare a final dividend of ₹0.03 (Three paise only) per equity share of ₹1/- each for FY2025-26 as recommended by Board of Directors.

3. Director Re-appointment: To appoint Mr. Atharva Nivrutti Kedar (DIN: 09713023), Managing Director, who retires by rotation and offers himself for re-appointment. Promoter group was interested in this resolution.

Voting Process and Methods

  • Remote e-voting period: 26th September 2026 (9:00 AM IST) to 29th September 2026 (5:00 PM IST)
  • E-voting at AGM: Conducted during meeting through i-Vote platform of Bigshare Services Private Limited (EVSN: 1415)
  • Scrutinizer: Nuren Nirmal Lodaya (FCS No. F14090, CP No. 24248) of Nuren Lodaya & Associates appointed on 2nd September 2026
  • Vote counting: Conducted in presence of two witnesses - Mr. Parth Jain and Mr. Swastik Bhanushali

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 40,314
  • Shareholders attended through VC: 33 (5 Promoters + 28 Public)
  • Total votes cast: 24,91,75,022 votes (58.1902% of outstanding shares)
  • Voting through: 46 demat accounts (41 individuals, 4 HUFs, 1 body corporate)
  • Remote e-voting: 33 demat accounts aggregating 7,51,89,918 votes
  • E-voting at AGM: 13 demat accounts aggregating 17,39,85,104 votes

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements

  • Total votes polled: 24,91,75,022 (58.1902% of outstanding shares)
  • In favor: 24,91,74,766 votes (99.9999%)
  • Against: 256 votes (0.0001%)
  • Result: Passed

Resolution 2 - Dividend Declaration

  • Total votes polled: 24,91,75,022 (58.1902% of outstanding shares)
  • In favor: 24,91,74,766 votes (99.9999%)
  • Against: 256 votes (0.0001%)
  • Result: Passed

Resolution 3 - Director Re-appointment

  • Total votes polled: 15,89,97,784 (37.131% of outstanding shares after excluding interested votes)
  • In favor: 15,89,97,528 votes (99.9998%)
  • Against: 256 votes (0.0002%)
  • Interested votes excluded: 9,01,77,238 votes (21.0592% of paid-up capital) from promoter group
  • Result: Passed

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 9,01,77,238
  • Voted only on Resolutions 1 & 2: 100% in favor (9,01,77,238 votes)
  • Excluded from Resolution 3: 9,01,77,238 votes

Public Institutions

  • Shares held: 1,85,71,257
  • No votes cast on any resolution

Public Non-Institutions

  • Shares held: 31,94,59,611
  • Votes polled: 15,89,97,784 (49.7709% of shares held)
  • In favor: 15,89,97,528 votes (99.9998%)
  • Against: 256 votes (0.0002%)

Scrutinizer's Findings and Conclusions

  • No invalid votes were cast in any category
  • No member voted both by remote e-voting and at AGM
  • All authorization documents were verified and found in order
  • The register and voting records remain in scrutinizer's custody until minutes are signed
  • All three resolutions passed with requisite majority under Section 114(1) of Companies Act, 2013

Compliance Confirmation

Compliance confirmed with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies (Management and Administration) Rules, 2014
  • Secretarial Standard on General Meetings (SS-2)
  • MCA and SEBI circulars

Additional Information

  • Total paid-up equity share capital: 42,82,08,106 equity shares of ₹1/- each
  • Cut-off date for voting rights: 23rd September 2026
  • Notice of AGM date: 2nd September 2026
  • Scrutinizer report issuance date: 1st October 2026
  • Submission to exchanges date: 2nd October 2026