Meeting Details

The 24th Annual General Meeting of Rolex Rings Limited was held on Thursday, 24th September, 2026 at 12:00 pm (IST) through Video Conference (VC)/Other Audio Visual Means (OAVM). The meeting was chaired by Mr. Manesh Dayashankar Madeka, Chairman of the company. The number of shareholders as of the cut-off date (18th September, 2026) was 88,938. Requisite quorum was present.

Proceedings Overview

CS Hardik Dhimantbhai Gandhi, Company Secretary & Compliance Officer, welcomed attendees and explained remote e-voting facilities provided by MUFG Intime India Private Limited. Chairman Mr. Manesh Madeka addressed headwinds in exports due to U.S. import tariffs but noted strong domestic performance compensated for the downturn. CFO Mr. Hiren Doshi presented financial highlights for FY 2025-26, discussed the share buyback conducted in April 2026, and emphasized sustainability initiatives including renewable energy facilities planned by end of 2030.

Proposed Resolutions

The meeting considered three resolutions:

  • Ordinary Business 1: To receive, consider and adopt the Audited Financial Statements for year ended March 31, 2026 with reports of Board of Directors and Auditors (Ordinary Resolution)
  • Ordinary Business 2: To appoint Mr. Bhautik Dayashankar Madeka (DIN: 01761543) who retires by rotation and offers himself for re-appointment (Ordinary Resolution)
  • Special Business 3: To ratify remuneration of Cost Auditors for Financial Year ending March 31, 2027 (Ordinary Resolution)

Voting Process

Voting was conducted through the MUFG Intime India Private Limited platform. Members who hadn't cast votes were given 30 minutes after the meeting conclusion to vote. The company announced that voting results along with the Consolidated Scrutinizer's Report would be disseminated to stock exchanges and placed on the company website within stipulated time frames.

Compliance and Signatories

The disclosure confirms compliance with SEBI LODR Regulations. The document was signed by Hardik Dhimantbhai Gandhi, Company Secretary & Compliance Officer (Membership No. A39931).

Additional Information

The meeting included a Q&A session with registered speaker shareholders, with clarifications provided during the meeting and email replies to others. The meeting concluded at 12:28 pm with a vote of thanks. Note: This document represents summarized proceedings, not formal minutes of the AGM.