Meeting Details

The 36th Annual General Meeting was held on Tuesday, July 7, 2026, at 10:30 AM 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, Vile Parle (West), Mumbai, Maharashtra, India, 400056.

The meeting was conducted in accordance with rules framed under the Companies Act, 2013.

Attendees Present

  • Mr. Kuldeep Bharatbhai Khachar - Non-executive Director
  • Mr. Prashant Ghanshyambhai Ukani - Executive Director & CFO
  • Ms. Kajal Ankitbhai Pambhar - Independent Director
  • Ms. Runel Saxena - Company Secretary

Mr. Ravi Dhirajlal Vagadiya, Managing Director, was elected as Chairman of the meeting by members present.

Key Developments Discussed

The Chairman addressed shareholders and apprised them 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
  • Efforts undertaken by new management for revival and new operations with new objects and future outlook

Resolutions Considered

The meeting considered and voted on 12 resolutions as outlined in the agenda:

Ordinary Business:

1. Adoption of audited Standalone Financial Statements and audited Consolidated Financial Statement for year ended March 31, 2026, along with Reports of Directors and Auditors

2. Re-appointment of Mr. Kuldeep Bharatbhai Khachar as Director retiring by rotation

3. Appointment of M/s. Patel Soni Shah & Co, Chartered Accountants (FRN: 127904W) as Statutory Auditors for 5 consecutive financial years

Special Business:

4. Appointment of M/s. Ronak Jhuthawat & Co., Company Secretaries as Secretarial Auditors for 5 years

5. Appointment and regularization of Ms. Avani Vishnubhai Patel (DIN: 07774901) as Independent Director (Non-Executive)

6. Appointment and regularization of Ms. Kajal Ankitbhai Pambhar (DIN: 11720540) as Independent Director (Non-Executive)

7. Adoption of new Memorandum of Association in substitution and entire exclusion of existing MOA

8. Adoption of new Articles of Association in substitution and entire exclusion of existing AOA

9. Fixation of tenure of appointment and terms of remuneration of Mr. Ravi Dhirajlal Vagadiya as Managing Director

10. Approval of borrowing limits under Section 180(1)(c) of Companies Act, 2013

11. Approval to advance loans/give guarantees/provide security under Section 185 of Companies Act, 2013

12. Approval for enhancement of limits under Section 186 of Companies Act, 2013

Voting Arrangements

  • Remote e-voting facility was provided through Central Depository Services Limited (CDSL) from July 4, 2026 (9:00 AM) to July 6, 2026 (5:00 PM)
  • Physical voting through ballot paper was available for members attending the meeting who had not voted remotely
  • M/s. Ronak Jhuthawat & Co., Practicing Company Secretary, was appointed as scrutinizer to oversee the voting process
  • Combined results of remote e-voting and physical voting were to be determined by the scrutinizer

Meeting Outcome

According to the scrutinizer's report received by the company, all resolutions set out in the notice were passed by members with requisite majority. The meeting concluded at 10:50 AM after opening for physical voting completion.

Additional Information

The voting results along with scrutinizer's report were to be placed on the company's website and websites of BSE Limited and CDSL within statutory time limits. This document does not constitute the official minutes of the meeting.