Key Dates

  • AGM Date: 28th September, 2026 (Monday) at 11:00 A.M.
  • Record Date for E-voting: 21st September, 2026
  • E-voting Period: 24th September (10:00 A.M.) to 27th September, 2026 (5:00 P.M.)
  • Deadline for shareholder queries: 15th September, 2026

Ordinary Business Items

1. Adoption of Financial Statements

To receive, consider and adopt the Standalone Audited Financial Statements for the financial year ended 31st March, 2026, together with Board's Report and Auditors' Report.

2. Director Re-appointment

To appoint Mr. Shreyas R. Virani (DIN: 00465240) who retires by rotation under section 152(6) of Companies Act, 2013 and offers himself for re-appointment.

Special Business Items

3. Regularization of Independent Director Appointment

Appointment of Mr. Harsh Mukeshbhai Radiya (DIN: 11803235) as Independent Director for 5 years from 3rd August, 2026 to 2nd August, 2031. He was appointed as Additional Director w.e.f. 3rd August, 2026 and has submitted declaration of independence under Section 149(6). No remuneration or sitting fees will be paid.

4. Remuneration Approval for Whole-Time Director

Approval of revised remuneration for Mr. Shreyas R. Virani (DIN: 00465240), Whole-Time Director:

  • Previous remuneration: ₹12,00,000 p.a. (₹1,00,000 per month)
  • Revised remuneration: ₹24,00,000 p.a. (₹2,00,000 per month) effective 1st April, 2026
  • Tenure: Until 29th September, 2028
  • No formal contract of service will be executed as per Section 190

Director Background:

  • Date of Birth: 09/03/1970 (Age: 56 years)
  • Qualification: B.Com
  • Experience: 34 years in company business
  • Current holding: 13,09,949 equity shares (27.49%)
  • Relationship: Son of Chairman & Managing Director Mr. Rameshkumar D. Virani

Company Financial Performance (FY2025-26):

  • Revenue from operations: ₹1434.95 lakhs
  • Other Income: ₹112.21 lakhs
  • Total Income: ₹1547.16 lakhs
  • Net Profit Before Tax: ₹73.85 lakhs
  • Net Profit After Tax: ₹66.62 lakhs
  • Foreign Exchange Outgo: ₹17.18 lakhs
  • Foreign Exchange Earned: ₹0.00

5. Alteration of Memorandum of Association

Amendment of main object clause to include new business activities in precision engineering components, automotive components, and allied products for automotive, defence, aerospace, military, naval, land systems, industrial and other engineering applications.

6. Adoption of New Memorandum of Association

Adoption of new set of Memorandum of Association in consonance with Table A of Schedule I of Companies Act, 2013 to replace existing MOA which contains references to Companies Act, 1956.

7. Related Party Transactions Approval

Approval for material related party transactions with Virani Estate Corporation (Partnership Firm) for FY2026-27:

  • Related Directors: Mr. Rameshkumar D. Virani and Mr. Shreyas R. Virani (Partners of the Firm)
  • Nature of Transactions: Sales/Purchase/Commission/Rent Income
  • Maximum Amount: ₹10.00 Crore

Voting Arrangements

  • E-voting through CDSL platform for demat shareholders
  • Physical shareholders can vote through www.evotingindia.com
  • Scrutinizer: Mr. Kalpesh P. Rachchh, Practicing Company Secretary
  • Proxy forms must be deposited 48 hours before meeting

Shareholder Services Information

  • Annual Report available on company website and BSE website
  • Green initiative encouraged for electronic communication
  • Special windows available for physical share dematerialization until February 2027
  • PAN submission mandatory for all shareholders