Meeting Details

  • Date of Meeting: 30th September, 2026
  • Type of Meeting: 41st Annual General Meeting
  • Location: Conducted through Video Conferencing/Other Audio Visual Means
  • Total shareholders on record date (September 23, 2026): 13,850
  • Shareholders present in meeting: 0 physically present, 60 attended through Video Conferencing
  • Shareholder category breakdown: Promoters and Promoter Group: 8, Public: 52

Proposed Resolutions and Implications

Six resolutions were put to vote:

Ordinary Resolutions:

1. Adoption of Audited Balance Sheet and Statement of Profit & Loss Account for year ended March 31, 2026 with Reports of Board of Directors and Auditors

2. Approval of Payment of Dividend of Rs. 0.50 per Equity Share for year ended March 31, 2026

3. Re-Appointment of Mr. Saurabh Sangla (DIN: 00206069) as Director who retires by rotation

4. Appointment and ratification of M/s Dhananjay V. Joshi & Associates, Cost Accountants (Firm Registration 000030) as Cost Auditor under Section 148 of Companies Act, 2013

5. Appointment of M/s Shilpesh Dalal & Co., Company Secretaries (Firm Registration No. S2001MP041200) as Secretarial Auditor for five consecutive financial years from 2026-27 to 2030-31

Special Resolution:

6. Alteration/Addition of a new Point No.1C in Clause III In Main Object Clause Of Memorandum Of Association

Promoter/promoter group declared no interest in any of the agendas/resolutions.

Voting Process and Methods

  • Mode of voting: E-voting conducted at the meeting
  • Remote e-voting period: Commenced on Sunday, 27th September 2026 at 09:00 AM and ended on Tuesday, 29th September 2026 at 5:00 PM
  • Cut-off date for e-voting: Wednesday, September 23, 2026
  • Total paid-up equity share capital: Rs. 29,43,70,000 divided into 2,94,37,000 equity shares of Rs. 10 each
  • Voting service provider: CDSL provided facility for remote e-voting and e-voting during AGM
  • Members present at AGM through VC: 60 members
  • Members participating in e-voting: 56 shareholders holding 2,16,87,822 shares

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 2,16,87,663 shares (73.67% of outstanding shares)
  • In favor: 2,16,87,504 shares (100.00% of votes polled)
  • Against: 159 shares (0.00% of votes polled)
  • Promoter voting: 2,16,18,010 shares voted (100% in favor)
  • Public-Others voting: 69,653 shares voted (99.77% in favor, 0.23% against)

Resolution 2: Dividend Approval

  • Total votes cast: 2,16,87,683 shares (73.67% of outstanding shares)
  • In favor: 2,16,87,544 shares (100.00% of votes polled)
  • Against: 139 shares (0.00% of votes polled)
  • Promoter voting: 2,16,18,010 shares voted (100% in favor)
  • Public-Others voting: 69,673 shares voted (99.80% in favor, 0.20% against)

Resolution 3: Director Re-Appointment

  • Total votes cast: 2,16,87,563 shares (73.67% of outstanding shares)
  • In favor: 2,16,87,304 shares (100.00% of votes polled)
  • Against: 259 shares (0.00% of votes polled)
  • Promoter voting: 2,16,18,010 shares voted (100% in favor)
  • Public-Others voting: 69,553 shares voted (99.63% in favor, 0.37% against)

Resolution 4: Cost Auditor Appointment

  • Total votes cast: 2,16,87,563 shares (73.67% of outstanding shares)
  • In favor: 2,16,87,304 shares (100.00% of votes polled)
  • Against: 259 shares (0.00% of votes polled)
  • Promoter voting: 2,16,18,010 shares voted (100% in favor)
  • Public-Others voting: 69,553 shares voted (99.63% in favor, 0.37% against)

Resolution 5: Secretarial Auditor Appointment

  • Total votes cast: 2,16,87,563 shares (73.67% of outstanding shares)
  • In favor: 2,16,87,304 shares (100.00% of votes polled)
  • Against: 259 shares (0.00% of votes polled)
  • Promoter voting: 2,16,18,010 shares voted (100% in favor)
  • Public-Others voting: 69,553 shares voted (99.63% in favor, 0.37% against)

Resolution 6: Memorandum Alteration (Special Resolution)

  • Total votes cast: 2,16,87,563 shares (73.67% of outstanding shares)
  • In favor: 2,16,87,304 shares (100.00% of votes polled)
  • Against: 259 shares (0.00% of votes polled)
  • Promoter voting: 2,16,18,010 shares voted (100% in favor)
  • Public-Others voting: 69,553 shares voted (99.63% in favor, 0.37% against)

Scrutinizer's Role and Findings

  • Scrutinizer: Shilpesh Dalal, Practicing Company Secretary (FCS:5316, CP:4235)
  • Role: To scrutinize remote e-voting and e-voting during the 41st AGM
  • Findings: All resolutions passed with requisite majority
  • Votes unblocked in presence of: Ms. Marvi Budhwani and Ms. Avani Agrawal
  • Maintained register: Recording assent/dissent with particulars of members
  • Conclusion: Voting process conducted fairly and transparently

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars: General Circular No. 14/2020, Circular No. 17/2020, Circular No. 20/2020, General Circular No. 02/2021, Circular No. 02/2022, MCA Circular dated 28th December 2022
  • SEBI Circulars: SEBI/HO/CFD/CMDI/CIR/P/2020/179, Circular dated 5th January 2023, Circular No. 09/2023, Circular No. 09/2024