Meeting Details

  • Date of AGM: Saturday, September 26, 2026
  • Time: 04:00 P.M. IST
  • Mode: Video Conference (VC) / Other Audio Visual Means (OAVM)
  • Cut-off date: Saturday, September 19, 2026
  • No physical shareholders: Register of members and share transfer books will not be closed

Ordinary Businesses

1. Adoption of Audited Financial Statements

  • To receive, consider and adopt Audited Financial Statement for financial year ended March 31, 2026
  • Together with Reports of Board of Directors and Auditor
  • Proposed as Ordinary Resolution

2. Re-appointment of Director

  • Mr. Samarth Bharatbhai Patel (DIN: 08036100), Chairman and Whole-Time Director retires by rotation
  • Seeking re-appointment as Ordinary Resolution
  • Explanation: Executive and non-executive directors subject to retirement by rotation

Special Businesses

3. Enhancement of Borrowing Limits (Section 180(1)(c))

  • Special Resolution to borrow money exceeding paid-up capital, free reserves and securities premium
  • Maximum limit: ₹1000 Crores (Rupees One Thousand Crores only)
  • In supersession of earlier resolutions
  • Board authorized to borrow from banks, financial institutions, bodies corporate, foreign lenders

4. Mortgage/Disposal of Assets (Section 180(1)(a))

  • Special Resolution to create charges, mortgages, hypothecations on movable/immovable properties
  • Maximum limit: ₹1000 Crores (Rupees One Thousand Crores only)
  • To secure rupee/foreign currency loans and debenture issues
  • In supersession of earlier resolutions

5. Loans/Investments/Guarantees Limits (Section 186)

  • Special Resolution to make loans, investments, give guarantees up to ₹1000 Crores
  • Notwithstanding limits prescribed under Section 186 of Companies Act, 2013
  • In supersession of all earlier resolutions on the matter

6. Revision in Remuneration - Mr. Jagrutkumar Rameshbhai Patel

  • Managing Director (DIN: 06785595)
  • Revision in salary and perquisites effective November 05, 2025
  • Basic salary up to ₹8.00 Million per annum excluding perquisites
  • Authorization to pay remuneration even in case of loss/inadequacy of profits
  • Special Resolution required under SEBI Listing Regulations

7. Revision in Remuneration - Mr. Samarth Bharatbhai Patel

  • Chairman and Whole-Time Director (DIN: 08036100)
  • Revision in salary and perquisites effective November 05, 2025
  • Basic salary up to ₹8.00 Million per annum excluding perquisites
  • Authorization to pay remuneration even in case of loss/inadequacy of profits
  • Special Resolution required under SEBI Listing Regulations

8. Revision in Remuneration - Mr. Saurabh Amrutbhai Patel

  • Executive Director (DIN: 07627068)
  • Revision in salary and perquisites effective November 05, 2025
  • Basic salary up to ₹8.00 Million per annum excluding perquisites
  • Authorization to pay remuneration even in case of loss/inadequacy of profits
  • Special Resolution required under SEBI Listing Regulations

9. Alteration of Articles of Association

  • Special Resolution to add new Article 122 regarding "Marking of Specified Securities as Non-Transferable"
  • To comply with SEBI ICDR Regulations for lock-in requirements
  • Provisions for handling pledged securities during lock-in periods

10. Related Party Transaction - Mr. Ravi Patel

  • CFO of the company, Brother of Mr. Jagrutkumar Rameshbhai Patel
  • Increase in remuneration from ₹4.00 Million to ₹8.00 Million per annum
  • Ordinary Resolution under Section 188(1)(f)
  • Board authorized to alter terms within approved limits

11. Related Party Transaction - Mr. Vipul Patel

  • President of the company (SMP), Brother In-Law of Mr. Jagrutkumar Rameshbhai Patel
  • Increase in remuneration from ₹4.00 Million to ₹8.00 Million per annum
  • Ordinary Resolution under Section 188(1)(f)
  • Board authorized to alter terms within approved limits

12. Related Party Transaction - Mr. Nisarg Rameshbhai Patel

  • Vice President – Sales & Business Development, Cousin Brother of Mr. Samarth Bharatbhai Patel
  • Remuneration of up to ₹1.00 Million per month effective October 01, 2026
  • Ordinary Resolution under Section 188(1)(f)
  • Board authorized to alter terms within approved limits

13. Expenses for Service of Documents

  • Ordinary Resolution to prescribe charges for specific mode of document service
  • Within India: ₹10/- per page + ₹250/- dispatch charges
  • Outside India: ₹10/- per page + ₹1000/- dispatch charges
  • Request must be received at least one week prior to dispatch

14. Ratification of Cost Auditor Remuneration

  • Mr. Manish B. Analkat, Cost Accountants (Membership No. 19378)
  • Remuneration: ₹60,000/- plus applicable tax and expenses
  • For audit of cost records for Financial Year 2026-27
  • Ordinary Resolution under Section 148

Financial Performance Highlights (Standalone)

  • Revenue from operations (FY2025-26): ₹5,186.50 Million
  • Revenue from operations (FY2024-25): ₹4,848.90 Million
  • Profit After Tax (FY2025-26): ₹388.43 Million
  • Profit After Tax (FY2024-25): ₹317.41 Million

Shareholding Pattern

  • NRI Shareholders (as of March 31, 2026): 187,326 Equity Shares (0.31%)
  • Mr. Saurabh Amrutbhai Patel: 6,199,008 Equity Shares
  • Mr. Jagrutkumar Rameshbhai Patel: 3,979,470 Equity Shares
  • Mr. Samarth Bharatbhai Patel: 6,199,008 Equity Shares

Voting Arrangements

  • Remote e-voting period: September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)
  • E-voting agency: NSDL
  • Scrutinizer: M/s. PRASAD AND PARTNERS LLP (LLPIN: ACA 1561)
  • No proxy facility available due to virtual meeting

Registrar and Transfer Agent

  • MUFG Intime India Private Limited
  • 5th Floor, 506 to 508, Amarnath Business Center-1, Ahmedabad - 380 006