Meeting Details

The 78th Annual General Meeting was held on Monday, September 21, 2026, through video conferencing with deemed venue at 9 Chapel Road, Hastings, Kolkata-700022. The meeting commenced at 12:15 PM and concluded at 01:05 PM.

Attendance

Directors Present:

  • Mr. Arun Lodha, Chairman (from Jaipur)
  • Mr. Rajendra Bhutoria, Vice Chairman and Whole-time Director (from Kolkata)
  • Mr. Abhay Bhutoria, Managing Director (from Jaipur)
  • Mr. Siddharth Bhutoria, Whole-time Director (from Kolkata)
  • Mrs. Rachna Bhutoria, Non-Executive Director (from Jaipur)
  • Mr. Devesh Kumar Agarwal, Director (from Kolkata)

Other Attendees:

  • Mr. Sandip Gupta, Company Secretary and Compliance Officer
  • Mr. Mukesh Jain, Chief Financial Officer
  • M/s Jain Shrimal & Co, Statutory Auditor
  • Mr. Manoj Prasad Shaw, Secretarial Auditor and Scrutinizer for Voting
  • 50 shareholders attended the meeting

Voting Process

The company provided remote e-voting facility through CDSL from September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM). E-voting during the AGM was also enabled for members who hadn't voted remotely. The cut-off date for determining voting eligibility was September 14, 2026. Mr. Manoj Prasad Shaw (PCS No. 4194) was appointed as scrutinizer to oversee the voting process.

Resolutions Passed

All five resolutions were approved with overwhelming majority (99.9982% in favor, 0.0018% against, 0% invalid):

1. Adoption of Audited Standalone Financial Statements for year ended March 31, 2026, including Reports of Board of Directors and Auditors - Passed as Ordinary Resolution

2. Adoption of Audited Consolidated Financial Statements for year ended March 31, 2026, including Report of Auditors - Passed as Ordinary Resolution

3. Re-appointment of Mr. Abhay Bhutoria (DIN: 00013712) as Director retiring by rotation - Passed as Ordinary Resolution

4. Ratification of Remuneration payable to M/s K.G. Goyal & Associates as Cost Auditors for FY2026-27 amounting to ₹40,000 plus applicable GST - Passed as Ordinary Resolution

5. Appointment of Mr. Arun Pareek (DIN: 06521406) as Non-Executive Independent Director for a five-year term from September 21, 2026 to September 20, 2031 - Passed as Special Resolution

Shareholder Engagement

Twelve registered speaker shareholders participated in the Q&A session. Queries covered:

  • Capital Expenditure & Future Growth Strategies
  • Future Growth prospects
  • Operational Efficiency & Capacity Utilization
  • Order Book Status and Sales Competitiveness
  • Debt Management
  • Working Capital & Receivables Management
  • Cyber Security Measures

Mr. Siddharth Bhutoria addressed all shareholder queries to their satisfaction.

Other Proceedings

The meeting condoled the demise of Mr. Jagabandhu Biswas, Independent Director, on December 27, 2025. The Chairman confirmed that all required registers and reports were available for inspection on the CDSL website during the meeting. The proceedings were recorded and will be hosted on the company's website.