Detailed Summary

Meeting Details

The 34th AGM was held on Friday, 18th September 2026 at the company's registered office address: 183-184-185, K.I.D.C., Village-Dheku, Taluka-Khalapur, District-Raigad, Khopoli - 410 203. The meeting commenced at 09:30 AM and concluded at 11:00 AM.

Attendance

Directors Present:

  • Mr. Anil Lachman Sajnani (Chairman & Managing Director)
  • Mr. Dattaram Mhapari (Whole Time Director)
  • Mr. Aryan Anil Sajnani (Whole Time Director)
  • Mr. Rajiv Gugnan (Independent Director)
  • Mrs. Kirtee Anil Sajnani (Non Executive Non Independent Director)

Key Managerial Personnel in Attendance:

  • Ms. Jyoti Padia (Company Secretary)

Invitees:

  • Rushabh Doshi (Practicing Company Secretary, Scrutinizer from Chandak Agarwal & Co)
  • Statutory Auditors (Practicing Chartered Accountants from Chandak Agarwal & Co)

Voting Process

The company provided remote e-voting facility to members between 14th September 2026 to 17th September 2026 as stated in the AGM notice. Members who had not voted through remote e-voting could vote through the Poll process conducted at the AGM. Mr. Rushabh Doshi was appointed as scrutinizer to scrutinize both remote e-voting and voting at the AGM. Results were to be declared within 48 hours from conclusion of the AGM and intimated to BSE.

Business Transacted and Resolutions Passed

The following ordinary resolutions were passed with requisite majority:

Resolution 1: Adoption of audited financial statements for the financial year ended March 31, 2026, together with reports of the Board of Directors and Auditors thereon.

Resolution 2: Re-appointment of Ms. Kirtee Anil Sajnani (DIN: 01459113) as Director who retires by rotation. Her period of office will be liable to determination by retirement of directors by rotation.

Resolution 3: Re-appointment of Chandak Agarwal & Co, Chartered Accountants (Firm Regn. No. FRN:135067W) as Statutory Auditors for a term of three financial years from conclusion of the 33rd AGM till conclusion of the 36th AGM to be held in 2028. Remuneration to be mutually agreed between Board and Auditors plus out-of-pocket expenses and applicable taxes.

Resolution 4: Approval for related party transactions with Bholenath Developers Private Limited (CIN: U65910MH1995PTC090903, formerly known as Bholenath Developers Limited) for financial year 2026-27 up to maximum aggregate value of ₹1 Crore. Transactions will be at arm's length basis and in ordinary course of business. Mr. Anil Sajnani (DIN:00014257) and Mr. Ashish Sajnani (DIN:00262225) are directors in Bholenath Developers Private Limited and are related to the company.

Resolution 5: Appointment of Rushabh Doshi (COP No.25328), Practising Company Secretary, as Secretarial Auditor for a term of five consecutive years effective from financial year 2025-26 to financial year 2029-30. Remuneration plus applicable taxes and out-of-pocket expenses to be mutually agreed between Board and Auditors.

Resolution 6: Appointment of Mr. Anil L. Sajnani (DIN:00014257) as Managing Director and Key Managerial Personnel for five years commencing from July 14, 2026 to July 14, 2031. Remuneration as set out in the statement annexed to the notice, with liberty to Board to revise terms and conditions. Where company has no profits or inadequate profits, minimum remuneration as approved by Board shall be paid.

Additional Information

The Chairman informed members that statutory registers, Memorandum of Association, Articles of Association, Notice of AGM, Independent Auditors' Report, and Secretarial Audit Report were available for inspection. The Statutory Auditors' Report had no qualifications, observations or comments on financial transactions with adverse effect.

A question and answer session was held where shareholders present asked questions concerning the Annual Report which were addressed by the Chairperson.

Explanatory Statement Details

The explanatory statement provided material facts for items 4-6:

  • For related party transactions (Item 4): Nature of transaction includes sale, purchase or supply of goods/materials, selling or otherwise disposing of or buying, leasing of property of any kind
  • For secretarial auditor appointment (Item 5): Rushabh Doshi is a peer reviewed Company Secretary from ICSI with no disqualifications as specified by SEBI
  • For MD appointment (Item 6): Mr. Anil Sajnani has expertise in material sourcing and new development, is a commerce graduate with 53 years of experience. He holds 2500 shares in the company and directorships in Basant Rubber Factory Private Limited and OPA Hospitality Private Limited. He is brother of Mr. Ashish Sajnani and husband of Mrs. Kirtee Sajnani.