Meeting Details

  • Meeting Type: 16th Annual General Meeting
  • Date: 17th September, 2025
  • Mode: Conducted through Video Conferencing/Other Audio Visual Means (OAVM)
  • Record Date: 10th September, 2025
  • Total Shareholders on Record Date: 13,263

Attendance Details

  • Shareholders present in person or through proxy: Not Applicable
  • Shareholders attended through Video Conferencing: 46
  • Promoter & Promoter Group: 5
  • Public: 41

Summary of Proposed Resolutions and Implications

Ordinary Business

1. Resolution No. 1: Adoption of Audited Standalone and Consolidated Financial Statements for FY ended 31st March, 2025 (Ordinary Resolution)

2. Resolution No. 2: Declaration of Final Dividend on Equity Shares for FY 2024-2025 (Ordinary Resolution)

3. Resolution No. 3: Re-appointment of Statutory Auditors (Ordinary Resolution)

Special Business - Director Appointments

4. Resolution No. 4: Regularization of Appointment of Mr. Prerak Parikh (DIN: 09575923) as Director (Special Resolution)

5. Resolution No. 5: Regularization of Appointment of Mrs. Pujan Biren Zaverchand (DIN: 09838037) as Director (Special Resolution)

6. Resolution No. 6: Regularization of Appointment of Mr. Sharmil Gandhi (DIN: 07659873) as Independent Director (Special Resolution)

7. Resolution No. 7: Regularization of Appointment of Mr. Aditya Patel (DIN: 09121052) as Independent Director (Special Resolution)

8. Resolution No. 8: Regularization of Appointment of Mr. Siddhrajsinh Gohil (DIN: 11152554) as Independent Director (Special Resolution)

Special Business - Corporate Actions

9. Resolution No. 9: Split/Sub-division of company's 1 equity share of face value ₹10 each into 10 equity shares of face value ₹1 each (Special Resolution)

10. Resolution No. 10: Alteration of Capital Clause of Memorandum of Association subsequent to subdivision (Special Resolution)

11. Resolution No. 11: Appointment of M/s. Shah & Shah Associates as Secretarial Auditors (Special Resolution)

Voting Process and Methods

  • Primary Method: E-voting (including voting at the AGM) through NSDL platform
  • Remote e-voting period: Commenced Sunday, 20th September, 2026 (9:00 a.m.) and ended Tuesday, 22nd September, 2026 (5:00 p.m.)
  • Cut-off date: Wednesday, 16th September, 2026
  • Scrutinizer: Mukesh H. Shah, Practicing Company Secretary (FCS:5827/C.P.NO. 2213) of M/s. Mukesh H. Shah & Co.
  • Votes unblocked: 23rd September, 2026 at 12:07 PM IST in presence of witnesses Bharat D Chaudhary and Dhruy V Todi

Key Voting Outcomes

Overall Participation

  • Total Shares Outstanding: 10,277,498
  • Total Votes Polled: 5,853,946 shares (56.96% of outstanding shares)

Resolution-wise Results

Resolution 1 (Financial Statements Adoption):

  • Total Votes: 5,853,946 (56.96% participation)
  • Votes in Favor: 5,853,942 (100.00%)
  • Votes Against: 4 (0.00%)
  • Result: PASS

Resolution 2 (Final Dividend Declaration):

  • Total Votes: 5,853,946 (56.96% participation)
  • Votes in Favor: 5,853,942 (100.00%)
  • Votes Against: 4 (0.00%)
  • Result: PASS

Resolution 4 (Prerak Parikh Appointment):

  • Total Votes: 467,709 (4.55% participation)
  • Votes in Favor: 467,705 (100.00%)
  • Votes Against: 4 (0.00%)
  • Note: 5,386,237 votes cast by Smt. Kalpana P Parikh, Mr. Biren Zaverchand and Mrs. Pujan B Zaverchand not considered for requisite majority
  • Result: PASS

Resolution 5 (Pujan Biren Zaverchand Appointment):

  • Total Votes: 467,709 (4.55% participation)
  • Votes in Favor: 467,705 (100.00%)
  • Votes Against: 4 (0.00%)
  • Note: 5,386,237 votes cast by related parties not considered for requisite majority
  • Result: PASS

Resolution 9 (Stock Split):

  • Total Votes: 5,853,946 (56.96% participation)
  • Votes in Favor: 5,853,916 (100.00%)
  • Votes Against: 30 (0.00%)
  • Result: PASS

Resolution 10 (MOA Alteration):

  • Total Votes: 5,853,946 (56.96% participation)
  • Votes in Favor: 5,853,942 (100.00%)
  • Votes Against: 4 (0.00%)
  • Note: Votes polled by Promoter and Promoter Group not considered for requisite majority
  • Result: PASS

Category-wise Voting Breakdown

Promoter and Promoter Group:

  • Shares Held: 7,524,998
  • Votes Polled: 5,386,489 (71.58% participation)
  • Consistently voted 100% in favor across all resolutions

Public Institutional Holders:

  • Shares Held: 0
  • No participation recorded

Public Others:

  • Shares Held: 2,752,500
  • Votes Polled: 467,457 (16.98% participation)
  • Nearly unanimous support with only 4 against votes on most resolutions

Scrutinizer's Role and Findings

Mukesh H. Shah was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting during the AGM. His responsibilities included:

  • Scrutinizing votes cast "in favour" or "against" resolutions based on reports from NSDL
  • Ensuring compliance with Companies Act, 2013 and relevant rules
  • Submitting consolidated scrutinizer's report

The scrutinizer confirmed:

  • Remote e-voting conducted through NSDL platform
  • E-voting facility provided during AGM for shareholders who hadn't voted remotely
  • Votes were unblocked on 23rd September, 2026 in presence of independent witnesses
  • All electronic data and records sealed in his safe custody until minutes approval

Compliance Confirmation

The disclosure confirms 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
  • MCA Circulars including General Circular No. 14/2020, 17/2020, 20/2020, and 03/2025
  • SEBI Circulars regarding e-voting requirements

Additional Information

  • Company CIN: L72200GJ2010PLC060478
  • The scrutinizer's report included detailed vote counts showing 100% approval for most resolutions with negligible opposition (4-30 votes against on certain resolutions)