Meeting Details

  • Type of Meeting: 21st Annual General Meeting (AGM)
  • Date: August 14, 2026
  • Time: 04:00 PM to 05:00 PM IST
  • Mode: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)

Proposed Resolutions and Implications

Four ordinary resolutions were considered at the AGM:

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2026, together with the Reports of the Directors and the Auditors thereon.

2. Director Re-appointment: To appoint a Director in place of Mr. Jai Maroo, Executive Director (DIN: 00169399), who retires by rotation and being eligible, offers himself for re-appointment.

3. Auditor Re-appointment: To re-appoint M/s. Mukund M. Chitale & Co., Chartered Accountants (Firm Registration No. 106655W) as the Statutory Auditors of the Company.

4. Cost Auditor Remuneration: To ratify the remuneration payable to Cost Auditors for the financial year ending March 31, 2027.

Voting Process and Methods

The voting process was conducted in accordance with:

  • Section 108 of the Companies Act, 2013 read with Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular Nos. 14/2020, 17/2020, and 03/2025

Voting Methods:

  • Remote E-voting: Conducted through National Securities Depository Limited (NSDL) from August 10, 2026 (9:00 AM) to August 13, 2026 (5:00 PM)
  • E-voting during AGM: Facility provided for members who could not vote through remote e-voting
  • Cut-off Date: August 7, 2026 (record date for determining voting eligibility)

Participation:

  • Total shareholders on record date: 13,945
  • Shareholders present in meeting: 0 (in person/proxy)
  • Shareholders attended through VC: 48 (8 Promoters, 40 Public)
  • Members voted through e-voting system: 73
  • Members voted during AGM: 3

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 1,96,93,131
  • In favor: 1,96,92,397 votes (99.996%)
  • Against: 734 votes (0.004%)
  • Invalid/Abstained: 0

Resolution 2: Director Re-appointment (Jai Maroo)

  • Total votes cast: 1,96,93,131
  • In favor: 1,96,92,336 votes (99.996%)
  • Against: 795 votes (0.004%)
  • Invalid/Abstained: 0

Resolution 3: Auditor Re-appointment (Mukund M. Chitale & Co.)

  • Total votes cast: 1,96,93,131
  • In favor: 1,96,92,336 votes (99.996%)
  • Against: 795 votes (0.004%)
  • Invalid/Abstained: 0

Resolution 4: Cost Auditor Remuneration Ratification

  • Total votes cast: 1,96,93,131
  • In favor: 1,96,92,397 votes (99.996%)
  • Against: 734 votes (0.004%)
  • Invalid/Abstained: 0

Shareholder Category Breakdown

Resolution 1 Detailed Breakdown:

  • Promoter & Promoter Group: 19,316,920 shares voted (100% of holdings), all in favor
  • Public Institutions: 0 shares voted
  • Public Non-Institutions: 376,211 shares voted (3.9966% of holdings), 375,477 in favor (99.8049%), 734 against (0.1951%)
  • Total participation: 68.5448% of outstanding shares

Resolution 2 Detailed Breakdown:

  • Promoter & Promoter Group: 19,316,920 shares voted (100% of holdings), all in favor
  • Public Institutions: 0 shares voted
  • Public Non-Institutions: 376,211 shares voted (3.9966% of holdings), 375,416 in favor (99.7887%), 795 against (0.2113%)
  • Total participation: 68.5448% of outstanding shares

Scrutinizer's Role and Findings

Scrutinizer: Mr. Dipesh Gosar of Dipesh Gosar & Co., Practicing Company Secretaries (Membership No.: A23755)

  • Appointment Date: May 16, 2026 (Board Meeting)
  • Report Issuance Date: August 16, 2026
  • Responsibilities: Scrutinizing the remote e-voting & e-voting process in a fair and transparent manner
  • Findings: All votes were properly scrutinized, shareholding matched with Register of Members, and results certified
  • Conclusion: All four resolutions passed with requisite majority

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • MCA circulars regarding e-voting and virtual meetings
  • All e-registers and records relating to e-voting have been emailed to the Company Secretary for safe custody

Additional Information

  • Total outstanding shares: 28,730,299
  • Newspaper advertisement published: July 23, 2026 in Financial Express (English) and Mumbai Lakshadeep (Marathi)
  • AGM notice sent by email: July 22, 2026 to members with available email IDs
  • Votes unblocked: August 14, 2026 at 5:15 PM IST