Item No. 1: Change in Designation and Remuneration of Mr. Pranav Bhalara
Proposed Change: Change designation from "Executive Director" to "Whole-Time Director"
Tenure: Five years from May 23, 2026, to May 22, 2031
Remuneration Details:
Maximum annual remuneration: ₹2,00,00,000 (Rupees Two Crore Only)
Basic Salary: ₹3,75,000 (Rupees Three Lakh Seventy-Five Thousand) per month
Includes perquisites: House Rent Allowance, Medical Allowance, Education Allowance, Uniform Allowance, Management Allowance, Leave Encashment, Traveling Allowance, Health Insurance
Total remuneration (basic + perquisites) not to exceed ₹2 crore annually
Subject to revision every three financial years
Director Details:
DIN: 03299470
Category: Promoter
Current Shareholding: 5,000 equity shares
Qualification: Diploma in International Hotel Management with Events from Swiss Hotel Management School, Switzerland
Experience: Over two decades in Print Production Management, Product Development, Business Strategy and R&D Operations related to Flexible Packaging
Other Directorships: Balaji Multiflex Private Limited, Etone India Private Limited, B-Bake Foods Private Limited
FY 2025-26 Meeting Attendance: 2 out of 5 meetings
FY 2025-26 Remuneration: ₹60.00 Lakhs
Item No. 2: Change in Designation and Remuneration of Mr. Kishor Nanalal Doshi
Proposed Change: Change designation from "Executive Director" to "Whole-Time Director"
Tenure: Five years from May 23, 2026, to May 22, 2031
Remuneration Details:
Maximum annual remuneration: ₹2,00,00,000 (Rupees Two Crore Only)
Basic Salary: ₹3,75,000 (Rupees Three Lakh Seventy-Five Thousand) per month
Includes perquisites: House Rent Allowance, Medical Allowance, Education Allowance, Uniform Allowance, Management Allowance, Leave Encashment, Traveling Allowance, Health Insurance
Total remuneration (basic + perquisites) not to exceed ₹2 crore annually
Subject to revision every three financial years
Director Details:
DIN: 07846262
Category: Promoter
Current Shareholding: None
Qualification: LLB. (Special) from Bhavnagar University
Experience: 34 years as retired Deputy Labor Commissioner, Gujarat State, enforcing labor laws, promoting worker welfare, and resolving industrial disputes
Other Directorships: None
FY 2025-26 Meeting Attendance: 4 out of 5 meetings
FY 2025-26 Remuneration: ₹60.00 Lakhs
Item No. 3: Increase in Overall Managerial Remuneration Limit
Purpose: To increase/approve the overall limit of managerial remuneration to all Executive Directors
Proposed Limit: Not exceeding ₹2 crores annually for each Executive Director
Period: Three years commencing from April 1, 2026
Authority: Board of Directors/Nomination and Remuneration Committee authorized to increase/revise remuneration within this limit
Voting Mechanics and Schedule
Voting Method: Remote e-voting only (no physical ballot)
Service Provider: Central Depository Services (India) Limited (CDSL)
Record Date: Friday, May 29, 2026
Voting Period:
Commencement: June 6, 2026, at 9:00 AM IST
End: July 7, 2026, at 5:00 PM IST
Result Declaration: After scrutinizer submission within two working days of voting end
Deemed Passing Date: July 7, 2026
Scrutinizer: CS Janvi N Davda, Practicing Company Secretary (Membership No. F13895, COP No. 28288)
Financial Context
Company Performance (FY 2025-26):
Revenue from Operations: ₹8,838.00 lakh
Other Income: ₹287.18 lakh
Total Income: ₹9,125.18 lakh
Profit Before Exceptional Item and Tax: ₹1,218.23 lakh
Profit After Exceptional Item and Tax: ₹795.87 lakh
