Meeting Details

The 9th Annual General Meeting was held on Friday, 25th September, 2026 at 02:00 P.M. (IST) through video conference/other audio-visual means in accordance with relevant circulars issued by the Ministry of Corporate Affairs and SEBI. The meeting concluded at 02:20 P.M., lasting 20 minutes. The proceedings were deemed to be conducted at the Registered Office of the Company at "Oswal House", Opposite Balkavibairagi College, Nasirabad Highway, Village Kanwati, Neemuch MP 458441.

Proposed Resolutions and Implications

Six resolutions were considered and approved at the meeting:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY2026 together with Board of Directors and Auditors reports

2. Adoption of Audited Consolidated Financial Statements for FY2026 with Auditors report

3. Re-appointment of Mrs. Padma Nahata (DIN: 07921042) as director retiring by rotation

4. Appointment of H. Sahu & Company, Chartered Accountants, Neemuch (FRN: 036476C) as Statutory Auditor and fixation of their remuneration

Special Business:

5. Re-appointment of Mr. Sanjay Kumar Begani (DIN: 07921083) as Chairman & Managing Director and payment of remuneration (Promoter interested)

6. Re-appointment of Mr. Anil Kumar Nahata (DIN: 07921005) as CEO and Whole-Time Director and payment of remuneration (Promoter interested)

7. Re-appointment of Mr. Yash Wardhan Jain (DIN: 09661572) as Non-Executive Independent Director for a second term of five years

Voting Process and Methods

The voting process utilized remote e-voting facilitated by Central Depository Services (India) Limited (CDSL). The remote e-voting platform was open from Tuesday, 22nd September, 2026 (9:00 A.M.) until Thursday, 24th September, 2026 (5:00 P.M.). Additionally, e-voting facility was provided during the AGM for members attending through VC/OAVM who did not participate in remote e-voting. The record date for determining voting eligibility was 18th September, 2026, with 24,868 shareholders on record.

Key Voting Outcomes

Overall Participation:

  • Total shares outstanding: 91,470,000
  • Total votes polled: 61,288,254 (67.0037% participation)
  • No invalid votes recorded across all categories

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements):

  • Votes in favor: 61,284,474 (99.9938%)
  • Votes against: 3,780 (0.0062%)
  • 28 members voted in favor, 3 members voted against

Resolution 2 (Ordinary - Director Re-appointment):

  • Votes in favor: 61,284,374 (99.9937%)
  • Votes against: 3,880 (0.0063%)
  • 27 members voted in favor, 4 members voted against

Resolution 3 (Ordinary - Auditor Appointment):

  • Votes in favor: 61,284,474 (99.9938%)
  • Votes against: 3,780 (0.0062%)
  • 28 members voted in favor, 3 members voted against

Resolution 4 (Special - MD Re-appointment):

  • Votes in favor: 61,284,374 (99.9937%)
  • Votes against: 3,880 (0.0063%)
  • 27 members voted in favor, 4 members voted against

Resolution 5 (Special - CEO Re-appointment):

  • Votes in favor: 61,284,374 (99.9937%)
  • Votes against: 3,880 (0.0063%)
  • 27 members voted in favor, 4 members voted against

Resolution 6 (Special - Independent Director Re-appointment):

  • Votes in favor: 61,284,374 (99.9937%)
  • Votes against: 3,880 (0.0063%)
  • 27 members voted in favor, 4 members voted against

Category-wise Participation:

  • Promoter and Promoter Group: Held 60,942,313 shares, voted 60,942,053 shares (99.9996% participation)
  • Public Non-Institutions: Held 30,527,687 shares, voted 346,201 shares (1.1341% participation)
  • Public Institutions: No shares held or voted
  • Total shareholders present through VC: 36 (4 Promoters, 32 Public)

Scrutinizer's Role and Findings

L. N. Joshi of L.N. Joshi & Company (Membership No. 5201) was appointed as Scrutinizer on 13th August, 2026. The scrutinizer verified that:

  • CDSL provided the e-voting system for both remote and meeting voting
  • Voting rights were reckoned based on the cut-off date of 18th September, 2026
  • The company published advertisements in The Free Press Journal (English) and Chotha Sansaar (Hindi) on 21st August, 2026 and 2nd September, 2026
  • Votes cast through remote e-voting were unblocked in the presence of witnesses Ms. Deepshikha Jain and Mr. Shriyansh Parashar
  • All voting records will remain in the scrutinizer's custody until minutes are approved

Compliance Confirmation

The company confirmed compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (LODR) Regulations, 2015
  • Secretarial Standard - 2 on General Meetings
  • MCA Circular No. 03/2025 dated 22nd September, 2025
  • SEBI Master Circular dated January 30, 2026