Key Event Details

  • AGM Date: Friday, 18th September, 2026 at 10:00 AM
  • AGM Venue: Registered office at "Jyoti Tower" 215/2, Karbhar Galli, Nazar Camp, M. Vadagon, Belagavi – 590005
  • Record Date: Friday, 11th September, 2026 for determining voting rights
  • Register Closure: 12th September, 2026 to 18th September, 2026 (both days inclusive)

Ordinary Business Items

1. Adoption of Financial Statements: To consider and adopt the Audited Balance Sheet as at 31st March, 2026 and Profit and Loss Account for the year ended on that date, along with Reports of Directors and Auditors.

2. Director Reappointment: To appoint a Director in place of Mr. Deepak Katwa (DIN: 00206445), who retires by rotation and being eligible, offers himself for reappointment.

Special Business Items

3. Cost Auditor Remuneration Ratification: To ratify remuneration of M/s. Santosh Kalburgi & Co., Cost Auditors, at ₹95,000/- (Rupees Ninety-Five Thousand Only) plus applicable taxes and expense reimbursements for FY2026-27. Board approved reappointment on 29/05/2026.

4. Managing Director Reappointment: To reappoint Mr. Vilas Katwa (DIN: 00206015) as Managing Director for five years from 27th May, 2027 to 26th May, 2032 at remuneration of ₹3,00,000/- per month (Basic: ₹1,00,000, Dearness Allowance: ₹50,000, Other Allowances: ₹1,50,000). Current term expires on 26th May, 2027.

5. Excess Remuneration Approval - Managing Director: To approve managerial remuneration of Mr. Vilas Katwa at ₹3,00,000/- per month which exceeds limits prescribed under Regulation 17(6)(e) of SEBI (LODR) Regulations, 2015. The remuneration is within Schedule V limits but beyond SEBI LODR limits due to company incurring losses in FY2025-26.

6. Excess Remuneration Approval - Executive Director/Chairman: To approve managerial remuneration of Mr. Venkatesh Katwa at ₹3,00,000/- per month (Basic: ₹1,00,000, Dearness Allowance: ₹50,000, Other Allowances: ₹1,50,000) which exceeds limits under Section 197 & Schedule V of Companies Act, 2013 and Regulation 17(6)(e) of SEBI (LODR) Regulations, 2015 due to company losses in FY2025-26.

7. Excess Remuneration Approval - Executive Director/CFO: To approve managerial remuneration of Mr. Deepak Katwa at ₹3,00,000/- per month (Basic: ₹1,00,000, Dearness Allowance: ₹50,000, Other Allowances: ₹1,50,000) which exceeds limits under Section 197 & Schedule V of Companies Act, 2013 and Regulation 17(6)(e) of SEBI (LODR) Regulations, 2015 due to company losses in FY2025-26.

Financial Impact Disclosure

The company has explicitly stated it incurred losses for Financial Year 2025-26, requiring it to follow remuneration slabs under Section II of Part II of Schedule V of Companies Act, 2013 for 'companies having no profit or inadequate profit'.

Director Shareholding

  • Mr. Deepak Katwa: 22,24,800 Equity Shares
  • Mr. Vilas Katwa: 21,64,800 Equity Shares

E-Voting Arrangements

  • Remote e-voting period: 15th September, 2026 (9:00 AM) to 17th September, 2026 (5:00 PM)
  • Scrutinizer: Mr. Akshay Jadhav, Proprietor of Akshay Jadhav & Associates, Practicing Company Secretaries
  • Service Provider: NSDL e-Voting system
  • Shareholders can vote through: NSDL Speede mobile app, Depository Participant accounts, or physical folio login

Other Procedural Details

  • Proxy forms must be deposited at registered office not less than 48 hours before meeting
  • Corporate members must send certified copy of Board resolution authorizing representatives
  • Dividend payment instructions provided for ECS transfers
  • Documents available for inspection at registered office during working hours until AGM date