Meeting Details

  • Date: Monday, 28th September, 2026
  • Time: Commenced at 10:30 A.M. and concluded at 11:13 A.M. (duration: 43 minutes)
  • Location: Conducted entirely through Video Conferencing (VC) and Other Audio Visual Means (OAVM)
  • Type: 32nd Annual General Meeting

Proposed Resolutions and Implications

The AGM included six resolutions for shareholder approval:

Ordinary Business

  • Item a: To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended 31st March 2026, together with Reports of the Board of Directors and Auditors
  • Item b: To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended 31st March 2026, together with the Report of the Auditors
  • Item c: To declare a final dividend of ₹0.05 (Five Paise) per equity share of face value ₹1 each for FY 2025-26
  • Item d: To appoint a director in place of Mr. Rushil Krupesh Thakkar (DIN: 06432117), who retires by rotation and offered himself for re-appointment
  • Item e: Appointment of M/s. Parikh & Majmudar, Chartered Accountants, Ahmedabad as Statutory Auditors of the Company

Special Business

  • Item f: Reappointment of Mr. Rushil Krupesh Thakkar (DIN: 06432117) as Managing Director of the Company, liable to retire by rotation

Voting Process and Methods

The Company provided multiple voting channels in compliance with regulatory requirements:

  • Remote e-voting: Facility was provided through NSDL's platform, open from Thursday, 24th September 2026 at 09:00 AM until Sunday, 27th September 2026 at 05:00 PM
  • Live e-voting during AGM: Members who attended the VC/OAVM meeting and had not voted remotely could vote through NSDL's e-voting website during the meeting and for 15 minutes after conclusion (until 11:28 AM)
  • Proxy voting: Not applicable as the meeting was conducted through video conference

Key Voting Outcomes

The document states that detailed voting results will be submitted separately to the stock exchanges in the format prescribed under Regulation 44 of the SEBI Listing Regulations. The scrutinizer's report containing specific vote counts, percentages in favor/against, and participation breakdown by shareholder category will be announced after receipt and placed on the Company's website.

Scrutinizer's Role and Findings

  • Appointed Scrutinizer: Mr. Ashish C. Doshi, Partner of SPANJ & Associates, Practicing Company Secretary
  • Role: To scrutinize both remote e-voting and e-voting during the AGM and provide a report in the prescribed manner
  • Findings: The scrutinizer's report was not included in this document but will be submitted separately

Compliance with Laws and Regulations

The AGM was conducted in compliance with:

  • Ministry of Corporate Affairs General Circular Nos. 20/2020, 02/2022, 10/2022, 09/2023, 09/2024, and 03/2025
  • SEBI Circulars: SEBI/HO/CFD-PoD-2/P/CIR/2023/4, SEBI/HO/CFD-PoD-2/P/CIR/2023/167, and SEBI/HO/CFD/PoD-2/P/CIR/2024/133
  • SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026
  • Companies Act, 2013 provisions
  • SEBI (LODR) Regulations, 2015

Attendance and Participation

  • Total members attended: 56 members (including speakers)
  • Directors/KMPs present: Mr. Ramanik T. Kansagara, Mr. Hiren Mahadevia, Mr. Krupesh G. Thakkar (Chairman & Whole Time Director), Mr. Rushil K. Thakkar (Managing Director), Mr. Kantilal A. Puj (Independent Director & Committee Chairman), Miss Shreya M. Shah (Independent Woman Director), Mr. Keyur M. Gajjar (CEO), Mr. Hiren B. Padhya (CFO), Mr. Hasmukh K. Modi (Company Secretary)
  • Other attendees: Representatives from M/s. Pankaj R. Shah & Associates (Statutory Auditors) and M/s. SPANJ & Associates (Secretarial Auditors and Scrutinizer)

Additional Information

  • The Notice of AGM along with Audited Financial Statements was considered as read with members' permission
  • Statutory Registers including Register of Directors and Key Managerial Personnel were available for inspection during the meeting
  • No qualifications, observations, or adverse remarks were noted in either the Statutory Auditor's Report or Secretarial Audit Report
  • The Chairman provided an industry overview and the Managing Director discussed business performance and major developments during FY 2025-26
  • Shareholders who registered as speakers were given opportunity to ask questions, which were responded to by management

Signatories and Authentication

  • Prepared by: Hasmukh K. Modi, Company Secretary & Compliance Officer