Meeting Details

The 22nd Annual General Meeting was held on Tuesday, 22nd September, 2026, at 12:30 p.m. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM) without physical presence of members. The meeting was conducted in compliance with General Circular No. 03/2025 dated 22nd September, 2025 read with Para 3 and Para 4 of General Circular No.20/2020 dated 5th May, 2020 and earlier MCA circulars, along with SEBI Circular and SEBI (LODR) Regulations, 2015. The proceedings were deemed to be conducted at the Registered Office of the Company at Block No.10/13, Village: Changodar, Sarkhej-Bavla Highway, Tal: Sanand, Dist: Ahmedabad - 382213, Gujarat, India.

Proposed Resolutions and Implications

The AGM considered four ordinary resolutions:

1. Adoption of Financial Statements: Adoption of Audited Standalone & Consolidated Financial Statements for FY ended 31st March, 2026, along with reports of Board of Directors and Auditors

2. Director Re-appointment: Re-appointment of Ms. Visalakshi Chandramouli, who was liable to retire by rotation

3. Cost Auditor Ratification: Ratification of Remuneration of Cost Auditors of the Company

4. Secretarial Auditor Appointment: Appointment of M/s. Kashyap R. Mehta & Partners, Practising Company Secretaries as Secretarial Auditors for 5 consecutive years

Voting Process and Methods

The Company provided two voting methods in compliance with Section 108 of Companies Act, 2013 and Rules made thereunder:

  • Remote e-voting: Available from 19th September, 2026 (9:00 a.m.) to 21st September, 2026 (5:00 p.m.)
  • E-voting during AGM: Facility provided for members attending via VC/OAVM who had not voted remotely

The cut-off date for determining voting eligibility was 15th September, 2026. The Company engaged Central Depository Services (India) Limited (CDSL) as the authorized agency for providing e-voting facilities.

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 2,22,49,910
  • Total votes cast: 1,16,68,169 shares (52.44% participation)
  • Total shareholders on cut-off date: 18,947
  • Shareholders attending meeting via VC/OAVM: 33 (4 Promoter & Promoter Group, 29 Public)

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements

  • Votes in favor: 1,16,68,167 shares (100.00%)
  • Votes against: 2 shares (0.00%)
  • Result: Passed as Ordinary Resolution

Resolution 2 - Re-appointment of Ms. Visalakshi Chandramouli

  • Votes in favor: 1,16,41,565 shares (99.77%)
  • Votes against: 26,604 shares (0.23%)
  • Result: Passed as Ordinary Resolution

Resolution 3 - Ratification of Cost Auditors' Remuneration

  • Votes in favor: 1,16,68,167 shares (100.00%)
  • Votes against: 2 shares (0.00%)
  • Result: Passed as Ordinary Resolution

Resolution 4 - Appointment of Secretarial Auditors

  • Votes in favor: 1,16,68,167 shares (100.00%)
  • Votes against: 2 shares (0.00%)
  • Result: Passed as Ordinary Resolution

Category-wise Voting Breakdown

Promoter & Promoter Group

  • Shares held: 1,15,03,918
  • Votes polled: 1,15,03,918 (100.00% participation)
  • All votes were cast in favor of all four resolutions

Public Institutions

  • Shares held: 53,65,444
  • Votes polled: 26,304 (0.49% participation)
  • For Resolution 2: 100% votes against (26,304 shares)
  • For other resolutions: 100% votes in favor

Public Non-Institutions

  • Shares held: 53,80,548
  • Votes polled: 1,37,947 (2.56% participation)
  • For Resolution 2: 137,647 in favor (99.78%), 300 against (0.22%)
  • For other resolutions: Nearly 100% in favor with minimal opposition

Scrutinizer's Role and Findings

The Board appointed Mr. Kashyap R. Mehta (Membership No. FCS 1821) and failing him, Mr. Yash K. Mehta (Membership No. ACS 43020), partners of M/s. Kashyap R. Mehta & Partners, Practising Company Secretaries, Ahmedabad as Scrutinizer. The Scrutinizer submitted the report on 22nd September, 2026 after unblocking the e-voting results in the presence of two witnesses: Mr. Bandish Rana and Mr. Qaisar Abbas Bukhari. The Scrutinizer confirmed that all voting procedures were properly conducted and results were accurately compiled from the CDSL e-voting platform.

Compliance Confirmation

The document confirms compliance with applicable laws and regulations including:

  • Companies Act, 2013 and Rules made thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars regarding virtual meetings
  • Secretarial Standards on General Meetings

Additional Information

  • Registrar and Share Transfer Agent: MUFG Intime India Private Limited
  • Newspaper advertisements were published in English and Gujarati on 1st August 2026 and 28th August 2026
  • Annual Report dispatch was completed on 27th August 2026 to members as of 14th August 2026