Meeting Details

  • Date: Tuesday, 22nd September 2026
  • Time: Commenced at 03:34 PM IST, concluded at 04:40 PM IST
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) Facility
  • Type of Meeting: 11th Annual General Meeting

Attendees

  • Chairman: Mr. Atul Gautam
  • Board Members, Key Managerial Personnel, and Senior Managerial Personnel were present, including Chairpersons of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee.
  • Statutory Auditors: Mr. Nilesh Lahoti, representative of M/s. Deloitte Haskins & Sells, LLP
  • Scrutinizer: Ms. Shirin Bhatt, Proprietor of M/s. Shirin Bhatt and Associates and Partner and Representative of SBYN & Associates LLP (also served as Secretarial Auditor)
  • Company Secretary & Compliance Officer: Mrs. Punam Dargar

Proceedings Summary

The meeting commenced with the Chairman's welcome address and confirmation of quorum. The Chairman introduced the Board members and key personnel. Members were informed that all feasible steps were taken to facilitate shareholder participation and voting through electronic means.

Key documents available for inspection included:

  • Register of Directors and Key Managerial Personnel and their shareholding (Section 170 of Companies Act, 2013)
  • Register of Contracts or Arrangements in which Directors are interested (Section 189)
  • Certificate from Secretarial Auditor on Employee Stock Option Scheme 2022

The Chairman noted that the Independent Auditors' Report on Standalone and Consolidated Financial Statements and the Secretarial Audit Report for FY ended March 31, 2026 contained no qualifications or adverse observations.

Mr. Harsh Binani, Co-founder and Executive Director, presented highlights on the company's performance and progress during FY 2025-26. A question and answer session followed where Mr. Binani addressed shareholder queries.

Resolutions Considered

The following eight resolutions were put to vote:

Ordinary Business:

1. Receipt, consideration, and adoption of Audited Annual Standalone and Consolidated Financial Statements for FY ended March 31, 2026, together with Auditors' Report and Boards' Report.

2. Re-appointment of Mr. Atul Gautam (DIN: 10641036) as Non-Executive Director retiring by rotation.

Special Business:

3. Appointment of Mr. Dilip Deshmukh (DIN: 11699759) as Non-Executive Independent Director.

4. Appointment of Mr. Rajeev Krishnamuralilal Agarwal (DIN: 07984221) as Non-Executive Independent Director.

5. Approval of Consultancy/Advisory services from Mr. Atul Gautam (DIN: 10641036), Non-Executive Director.

6. Approval for enhancement of limits under Section 180(1)(a) of the Companies Act, 2013.

7. Approval for enhancement of limits under Section 186 of the Companies Act, 2013.

8. Approval of Scheme for Reduction of Share Capital (Through utilization of Securities Premium Account).

Voting Process

  • Voting was conducted through remote e-voting and e-voting at the AGM via the NSDL Portal.
  • Ms. Shirin Bhatt was appointed as Scrutinizer for the AGM.
  • The combined results of remote e-voting and e-voting at the AGM were to be announced based on the Scrutinizer's report.
  • Results were to be displayed on the company's website, at its registered and corporate offices, on the NSDL website, and submitted to stock exchanges as per SEBI LODR Regulations.

Compliance Statement

The meeting was conducted in compliance with relevant circulars issued by the Ministry of Corporate Affairs and SEBI, and in accordance with the provisions of the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.