Meeting Details

The 32nd AGM was held on Monday, 17th August 2026, commencing at 03:35 p.m. (IST) through Video Conferencing (VC) or Other Audio-Visual Means (OVAM). The meeting concluded at 04:44 p.m. (IST), including the time allowed for e-voting at the AGM.

The meeting was conducted in compliance with Circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, and as per applicable provisions of the Companies Act, 2013 and Rules made thereunder.

Attendance

Mr. Jayesh P. Patel, Chairman of the Company, chaired the meeting. The Chairpersons of Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee, and Corporate Social Responsibility Committee were present. Representatives of Statutory Auditor, Cost Auditor, and Secretarial Auditor were also present.

Voting Process

The company provided e-Voting facility pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI (LODR) Regulations, 2015. The remote e-Voting was open for 3 days from Friday, 14th August 2026 (9:00 a.m.) to Sunday, 16th August 2026 (5:00 p.m.). Members present at the AGM who had not cast their vote electronically were provided an opportunity to cast their vote during the meeting and within 15 minutes after the conclusion.

Ms. Ashwini Inamdar, Partner of Mehta & Mehta, Company Secretaries, Pune, was appointed as the Scrutinizer to scrutinize the voting and remote e-voting process.

Business Transacted

Ordinary Business:

  • Item 1: To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026 together with the reports of auditors and Board of Directors (Ordinary Resolution)
  • Item 2: To appoint Mr. Tuljaram Maheshwari (DIN: 00063688) as a director who retires by rotation and offers himself for re-appointment (Ordinary Resolution)
  • Item 3: To declare a Final Dividend of ₹1.5 per equity share for the Financial Year ended 31st March 2026 (Ordinary Resolution)

Special Business:

  • Item 1: To re-appoint M/s Joshi Apte & Company as Statutory Auditors for a second term of five years and to fix their remuneration (Ordinary Resolution)
  • Item 2: To ratify remuneration payable to the Cost Auditor, Mr. Narhar K. Nimkar, for the financial year 2026-27 (Ordinary Resolution)
  • Item 3: To re-appoint Mr. Ankem Sri Prasad Mohan (DIN: 09413926) as an Independent Director for a second term of five years (Special Resolution)

Shareholder Interaction

Mr. Tuljaram Maheshwari, CEO, CFO & Whole Time Director of the Company, responded to queries/suggestions raised by members during the meeting.