Key Quantitative Figures

  • Total shareholders on record date: 494
  • Total shares outstanding: 4,33,55,000
  • Promoter & promoter group shares: 59,20,000 (13.66%)
  • Public non-institutional shares: 3,74,35,000 (86.34%)
  • Total votes polled: 1,33,26,993 shares (30.74% turnout)
  • Votes in favor: 1,33,26,991 shares (100% of votes polled)
  • Votes against: 2 shares (from public non-institutions)
  • Borrowing limit authorized: ₹100,00,00,000 (One Hundred Crore)
  • Investment/loan/guarantee limit authorized: ₹100,00,00,000 (One Hundred Crore)
  • Property sale consideration: ₹1,40,50,000 (One Crore Forty Lakh Fifty Thousand)

Dates of Action

  • Record date: 29th May, 2026
  • E-voting period: 4th June, 2026 (9:00 AM) to 3rd July, 2026 (5:00 PM)
  • Scrutinizer report submitted: 3rd July, 2026
  • Results declared: 4th July, 2026
  • Board meeting appointing scrutinizer: 30th May, 2026

Parties Involved

  • Scrutinizer: Aparna Tripathi & Associates (Practicing Company Secretary)
  • E-voting service provider: MUFG Intime India Pvt. Ltd
  • Event number: 260289
  • Property buyer: Dudhat Ashvin Himmatbhai of Surat

Resolution Details

1. Registered Office Shift (Special Resolution)

Approved shifting registered office from Maharashtra to Gujarat, requiring substitution of Clause-II of Memorandum of Association and approval from Regional Director.

2. Managing Director Appointment (Special Resolution)

Appointed Mr. Pintu Kanjibhai Kalavadia (DIN: 00385068) as Managing Director for 5 years from 30th May, 2026 to 29th May, 2031.

3. Director Re-designation (Special Resolution)

Re-designated Mr. Deepak Bhikhalal Upadhyay (DIN: 02270389) from Managing Director to Executive Director for 5 years from 31st May, 2026 to 30th May, 2031.

4. Executive Director Regularization (Special Resolution)

Regularized Mr. Prashant Kanjibhai Kalavadia (DIN: 02170444) as Executive Director for 5 years from 30th May, 2026 to 29th May, 2031.

5. Independent Woman Director (Special Resolution)

Regularized Ms. Ekta Ankur Dholakia (DIN: 10150882) as Independent Woman Director for 5 years from 30th May, 2026 to 29th May, 2031.

6. Independent Director (Special Resolution)

Regularized Mr. Pragnesh Kishorbhai Sonchhatra (DIN: 11605316) as Independent Director for 5 years from 30th May, 2026 to 29th May, 2031.

7. Borrowing Limits (Special Resolution)

Authorized borrowing up to ₹100 crore under Section 180(1)(c), exceeding paid-up capital, free reserves and securities premium.

8. Charge Creation (Special Resolution)

Approved creation of charges on company assets (receivables from loan assets/book debts, current and non-current assets) to secure borrowings under Section 180(1)(a).

9. Loans/Guarantees Authorization (Special Resolution)

Authorized loans, guarantees or security provision under Section 185 up to ₹100 crore for subsidiaries/associates/joint ventures where directors are interested.

10. Investments/Loans (Special Resolution)

Authorized investments, loans, guarantees under Section 186 up to ₹100 crore, exceeding 60% of paid-up capital and free reserves.

11. Related Party Transactions (Ordinary Resolution)

Approved material related party transactions under Section 188 and Regulation 23 of SEBI LODR with 10 entities, each with ₹50 crore limit:

1. Fishfa Rubbers Limited - Sale/Purchase/Assets/Loans/Job work/Commission

2. Fishfa World Trade Limited - Sale/Purchase/Assets/Loans/Job work/Commission

3. Fishfa Biogenics Limited - Sale/Purchase/Assets/Loans/Job work/Commission

4. Fishfa Bioscience Limited - Sale/Purchase/Assets/Loans/Job work/Commission

5. Sheer Agri World Limited - Sale/Purchase/Assets/Loans/Job work/Commission

6. Havlok Developers - Sale/Purchase/Assets/Loans/Job work/Commission

7. Pintu Kanjibhai Kalavadia - Sale/Purchase/Assets/Loans/Job work/Commission/Salary

8. Prashant Kanjibhai Kalavadia - Sale/Purchase/Assets/Loans/Job work/Commission/Salary

9. Umang Kantilal Savani - Sale/Purchase/Assets/Loans/Job work/Commission/Salary

10. Pallas Kalavadia - Sale/Purchase/Assets/Loans/Job work/Commission/Salary

12. Property Sale (Special Resolution)

Approved sale of company land at Kosmada, Taluka-Kamrej, Surat to Dudhat Ashvin Himmatbhai for ₹1,40,50,000.

Voting Results

All 12 resolutions passed with requisite majority. Only 39 shareholders participated out of 494 total shareholders. Promoter group voted 59,20,000 shares (100% of their holding)全部 in favor. Public non-institutions voted 74,06,993 shares (19.79% of their holding) with only 2 shares against across all resolutions.

Advertisement Publication

Published in The Free Press Journal (English) and Navshakti (Marathi) on 3rd June, 2026.

Scrutinizer Appointment

Aparna Tripathi appointed as scrutinizer in board meeting on 30th May, 2026. UDIN: A067594H000741905, Peer Review Number: 7676/2026.