Meeting Details

The 32nd Annual General Meeting was held on Friday, 25th September 2026, commencing at 11:00 A.M. and concluding at 11:38 A.M. The meeting was conducted entirely through video conferencing (VC) as per the provisions of the Companies Act, 2013 and SEBI LODR Regulations.

Proposed Resolutions and Implications

Four ordinary resolutions were proposed and passed at the meeting:

1. Resolution 1: To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026, along with the Reports of Board of Directors and Auditors.

2. Resolution 2: To appoint Ms. Vandana C. Patel (DIN: 07010646) as a Director who retires by rotation and offers herself for re-appointment.

3. Resolution 3: To approve reappointment of Hemal R. Shah (DIN: 07338419) as Whole-Time Director for a period of three years with effect from November 27, 2026.

4. Resolution 4: To approve ratification of Remuneration payable to the Cost Auditors for FY 2026-27.

Voting Process and Methods

The voting was conducted through two methods:

  • Remote E-voting: Available from Tuesday, 22nd September 2026 at 9:00 A.M. to Thursday, 24th September 2026 at 5:00 P.M. through Kfin Technologies Limited.
  • E-voting at AGM: Facility provided to shareholders present through video conferencing/other audio visual means who had not cast their vote earlier through remote e-voting.

The cut-off date for determining shareholders entitled to vote was Friday, 18th September 2026.

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on record date: 27,442
  • Shareholders attended through video conferencing: 51 (2 Promoters, 49 Public)
  • Total votes polled: 83,227,560 shares (62.3577% of outstanding 133,468,005 shares)

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements

  • Total votes in favor: 83,225,862 (99.998%)
  • Votes against: 1,698 (0.002%)
  • Passed: Yes

Resolution 2 - Re-appointment of Ms. Vandana C. Patel

  • Total votes in favor: 83,225,862 (99.998%)
  • Votes against: 1,698 (0.002%)
  • Passed: Yes

Resolution 3 - Reappointment of Hemal R. Shah as Whole-Time Director

  • Total votes in favor: 83,225,840 (99.9979%)
  • Votes against: 1,720 (0.0021%)
  • Passed: Yes

Resolution 4 - Ratification of Cost Auditor Remuneration

  • Total votes in favor: 83,225,861 (99.998%)
  • Votes against: 1,699 (0.002%)
  • Passed: Yes

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 82,177,162
  • Votes polled: 82,177,162 (100% participation)
  • All votes cast in favor of all resolutions (100%)

Public Institutions

  • Shares held: 3,231
  • Votes polled: 286 (8.8517% participation)
  • All votes cast in favor of all resolutions (100%)

Public Non-Institutions

  • Shares held: 51,287,612
  • Votes polled: 1,050,112 (2.0475% participation)
  • Votes in favor: 99.8382-99.8383% across resolutions
  • Votes against: 0.1617-0.1626% across resolutions

Scrutinizer's Role and Findings

Chirag Shah of M/s Chirag Shah & Associates (Membership No. 5545) was appointed as Scrutinizer on 13th August 2026. The scrutinizer's responsibilities included providing a consolidated report on votes cast through both remote e-voting and e-voting at the AGM through VC/OAVM.

The votes were unblocked on 25th September 2026 at approximately 11:38 A.M. in the presence of two witnesses: Ms. Khushi Thacker and Mrs. Neha Soni, who are not employees of the company.

The scrutinizer's report dated 26th September 2026 confirmed:

  • 60 shareholders participated in voting (18 through VC/OAVM, 42 through remote e-voting)
  • All resolutions received overwhelming support
  • No invalid votes were recorded across any shareholder category
  • The register and all voting records will remain in the scrutinizer's custody until the Chairman approves and signs the meeting minutes

Compliance Confirmation

The company confirmed compliance with:

  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Secretarial Standard-2 on General Meetings issued by ICSI

The intimation has been uploaded on the company's website as required.