AGM Proceedings
The 34th Annual General Meeting was held on Tuesday, July 7, 2026, at 09:00 A.M. IST at the company's registered office: A/104 Common M L Space CTC No.1229, 1229/1, opp. MC DOUN ALDS, TPS-III, D. J. Road, Ville Parle (w), Vileparle(West), Mumbai, Maharashtra, India, 400056.
Attendees
The following board members were present:
- Mr. Ravi Dhirajlal Vagadiya - Managing Director
- Mr. Kuldeep Bharatbhai Khachar - Non-executive Director
- Mr. Prashant Ghanshyambhai Ukani - Executive Director & CFO
- Ms. Kajal Ankitbhai Pambhar - Independent Director
Mr. Ravi Dhirajlal Vagadiya was elected as Chairman of the meeting by members present.
Key Management Address
The Chairman informed members about:
- Completion of Corporate Insolvency Resolution Process (CIRP)
- Implementation of the approved Resolution Plan as approved by Hon'ble NCLT, Mumbai Bench vide order dated August 18, 2025
- Revival efforts and new operations with new objects by new management
- Preparation of pending financial statements
- Auditors' Report and Secretarial Audit Report containing certain observations and qualifications, which were explained in the Annual Report
Resolution Considered
The single ordinary business item was:
1. To receive, consider and adopt the audited Standalone Financial Statements and audited Consolidated Financial Statements for the year ended March 31, 2024, along with Reports of Directors and Auditors
Voting Arrangements
Voting was conducted through:
- Remote e-voting facility through Central Depository Services Limited (CDSL) from July 4, 2026 (9:00 A.M.) to July 6, 2026 (5:00 P.M.)
- Physical voting through ballot paper at the meeting for members who didn't use e-voting
M/s. Ronak Jhuthawat & Co., Practicing Company Secretary, was appointed as scrutinizer to oversee the voting process.
Meeting Outcome
The resolution was passed by members with requisite majority as per the scrutinizer's report. The meeting concluded at 10:00 A.M. on July 7, 2026.
Post-Meeting Disclosures
The voting results along with scrutinizer's report will be placed on the company's website and websites of BSE Limited and CDSL within statutory time limits.