Meeting Details

The 15th Annual General Meeting was held on Wednesday, September 30, 2026, at 2:30 PM (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

Proposed Resolutions and Implications

The meeting considered four resolutions:

Resolution No. 1: Ordinary Resolution

  • To receive, consider and adopt the Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026 together with Reports of Board of Directors and Auditors

Resolution No. 2: Ordinary Resolution

  • To appoint Mr. Sagar Mansukhbhai Thanki (DIN: 08281489) as Director who retires by rotation under Section 152(6) of Companies Act, 2013

Resolution No. 3: Special Resolution

  • To approve remuneration of Ravi Vijay Ramaiya, Managing Director for the period from June 15, 2026 to June 14, 2028

Resolution No. 4: Special Resolution

  • To approve remuneration of Mr. Michael Nanson D'souza, Executive Director for the period from August 19, 2026 to August 18, 2028

Voting Process and Methods

The company availed e-voting facility from National Securities Depository Limited (NSDL).

  • Remote e-voting period: Sunday, September 27, 2026 at 09:00 AM IST to Tuesday, September 29, 2026 at 05:00 PM IST
  • Cut-off date for eligibility: Friday, September 25, 2026
  • E-voting during AGM: Available for shareholders present through VC/OAVM who had not voted remotely
  • Vote unblocking: Wednesday, September 30, 2026 at approximately 04:45 PM IST in presence of witnesses Ms. Shivali Kotadiya and Mr. Hiren Ajagiya (not company employees)

Key Voting Outcomes

Resolution No. 1

  • Total votes cast: 7,606,105
  • In favor: 7,606,105 (100%)
  • Remote e-voting: 7,601,105 votes (99.93%) from 22 members
  • E-voting during AGM: 5,000 votes (0.07%) from 2 members
  • Against: 0 votes (0%)
  • Invalid: 0 votes (0%)

Resolution No. 2

  • Total votes cast: 7,606,105
  • In favor: 7,606,105 (100%)
  • Remote e-voting: 7,601,105 votes (99.93%) from 22 members
  • E-voting during AGM: 5,000 votes (0.07%) from 2 members
  • Against: 0 votes (0%)
  • Invalid: 0 votes (0%)

Resolution No. 3

  • Total votes cast: 7,606,105
  • In favor: 7,606,105 (100%)
  • Remote e-voting: 7,601,105 votes (99.93%) from 22 members
  • E-voting during AGM: 5,000 votes (0.07%) from 2 members
  • Against: 0 votes (0%)
  • Invalid: 0 votes (0%)

Resolution No. 4

  • Total votes cast: 7,606,105
  • In favor: 7,606,105 (100%)
  • Remote e-voting: 7,601,105 votes (99.93%) from 22 members
  • E-voting during AGM: 5,000 votes (0.07%) from 2 members
  • Against: 0 votes (0%)
  • Invalid: 0 votes (0%)

Scrutinizer's Role and Findings

Keyur Ghelani, Proprietor of M/s K. P. Ghelani & Associates, Company Secretaries, was appointed as scrutinizer. The scrutinizer confirmed:

  • Notice of 15th AGM along with Annual Report 2025-2026 was sent to members electronically and via hard copy where email IDs were not registered
  • The management is responsible for compliance with relevant provisions of the Act and Rules
  • The scrutinizer's responsibility was restricted to making a report of votes cast for or against resolutions
  • Votes were unblocked in presence of independent witnesses

Compliance Confirmation

The document confirms compliance with SEBI LODR Regulations, Companies Act 2013, and relevant rules. A copy of the report was to be uploaded on the company website and NSDL platform.

Additional Information

  • Company CIN: U67190MH2017PLC220404