Meeting Details

AGM Date: Tuesday, September 29, 2026

Time: 4:00 PM IST

Mode: Video Conferencing / Other Audio-Visual Means (VC/OAVM)

Cut-off Date for Voting Rights: September 22, 2026

Remote e-Voting Period: September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)

E-Voting Event Number (EVEN): 141942

Ordinary Business

Item 1: Adoption of Financial Statements

To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026, together with reports of Board of Directors and Auditors.

Item 2: Re-appointment of Director

Re-appointment of Mr. Vasudev Fatandas Sawlani (DIN: 00831830) as Whole-Time Director liable to retire by rotation. Originally appointed on July 27, 2015. Currently draws remuneration of ₹1,50,000 per month. No change in remuneration proposed.

Item 3: Re-appointment of Statutory Auditors

Re-appointment of M/S. DSI & Co., Chartered Accountants (FRN: 127226W) for second term of 5 consecutive years from conclusion of 41st AGM until conclusion of 46th AGM (Financial Year 2030-31).

Audit Fees: ₹1,80,000 for FY 2026-27 plus applicable taxes and out-of-pocket expenses. Fees for subsequent years to be fixed by Board.

The firm holds valid certificate from Peer Review Board of ICAI and confirmed no conflict of interest.

Special Business

Item 4: Appointment of Executive Director

Appointment of Mr. Jinesh Kanaiyalal Pandav (DIN: 09544359) as Executive Director for 5 years from August 10, 2026 to August 9, 2031.

Remuneration: ₹1,00,000 per month inclusive of all perquisites and benefits.

Background: H.S.C. qualified with experience in business operations, finance, hospitality management. Appointed as Additional Director on August 10, 2026.

Item 5: Appointment of Executive Director

Appointment of Mr. Dishant Kanubhai Pandav (DIN: 09544360) as Executive Director for 5 years from August 10, 2026 to August 9, 2031.

Remuneration: ₹1,00,000 per month inclusive of all perquisites and benefits.

Background: H.S.C. qualified with experience in business operations and management. Appointed as Additional Director on August 10, 2026.

Item 6: Appointment of Executive Director

Appointment of Mr. Nikunj Vijaybhai Prajapati (DIN: 09544361) as Executive Director for 5 years from August 10, 2026 to August 9, 2031.

Remuneration: ₹1,00,000 per month inclusive of all perquisites and benefits.

Background: Bachelor of Education with 9+ years experience in information technology and software development. Appointed as Additional Director on August 10, 2026.

Item 7: Appointment of Independent Director

Appointment of Mr. Keyur Gordhanbhai Kaklotar (DIN: 11464818) as Non-Executive Independent Director for 5 years from August 10, 2026 to August 9, 2031.

Background: Architect with 8+ years experience in residential architecture and interior design. Not liable to retire by rotation. Appointed as Additional Director on August 10, 2026.

Item 8: Borrowing Limits Increase

Increase overall borrowing limits under Section 180(1)(c) to ₹100 crore (from existing limits).

Authorization to pledge, mortgage, hypothecate and/or charge company assets to secure borrowings up to ₹100 crore.

Item 9: Loans and Guarantees Approval

Approval for giving loans, guarantees or security under Section 185 up to ₹100 crore to entities where directors are interested.

Item 10: Investments Approval

Approval for loans, investments, guarantees or security under Section 186 up to ₹300 crore exceeding normal limits.

Item 11: Company Name Change

Change of name from 'Shantai Industries Limited' to 'Radhe Dhokla Retail Limited'.

Name availability obtained from ROC on August 18, 2026. Requires alteration of Memorandum and Articles of Association.

Item 12: Object Clause Alteration

Alteration of Object Clause in Memorandum of Association to include:

  • Food and beverage manufacturing, processing, distribution
  • Restaurant, café, cloud kitchen, QSR operations
  • Renewable energy and solar power systems
  • Contract farming and agricultural processing

Item 13: Related Party Transactions Approval

Approval and ratification of related party transactions with Radhe Dhokla Private Limited.

Transaction Details: Lease arrangement with monthly rental ₹10,00,000 and security deposit ₹5,50,00,000.

Total Amount: ₹6,70,00,000

Relationship: Common directors (Jinesh Pandav, Dishant Pandav, Nikunj Prajapati)

Financial Context

Company transitioning from textiles manufacturing to food and beverage business under new ownership by Radhe Dhokla Group. Historical operations resulted in under-utilization of resources and continuing losses/inadequate profits.

Voting Arrangements

  • AGM conducted through VC/OAVM as per MCA and SEBI circulars
  • Remote e-voting through NSDL platform
  • Scrutinizer: Mr. Ranjit Binod Kejriwal, Practicing Company Secretary
  • Results to be declared within 2 working days of meeting conclusion