Meeting Details

  • Date: Monday, September 28, 2026
  • Time: Commenced at 02:30 PM, concluded at 03:13 PM
  • Location/Format: Conducted entirely through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type of Meeting: 20th Annual General Meeting

Attendance

Directors Present

  • Mr. Vikas Jain: Chairman & Managing Director (VC/OAVM)
  • Mr. Piyush Jain: Joint Managing Director (VC/OAVM)
  • Mr. Rajendra Prasad Ritolia: Non-Executive Director (VC/OAVM)
  • Mrs. Meenakshi Anand: Independent Director (VC/OAVM)
  • Mrs. Shivi Sabharwal: Independent Director (VC/OAVM)

In Attendance

  • Mr. Dinesh Agarwal: Chief Financial Officer (VC/OAVM)
  • Ms. Vaishali: Company Secretary & Compliance Officer (VC/OAVM)
  • Mr. Vardhman Doogar: Statutory Auditor (VC/OAVM)
  • Mr. Baladeva Chitranjan: Secretarial Auditor (VC/OAVM)
  • Mr. Krishna Kumar Singh: Scrutinizer (VC/OAVM)

Absence Note

Mr. Hari Narain Singh Rajpoot, Independent Director and Chairman of the Audit Committee, was unable to attend due to unforeseen medical reasons. Mrs. Shivi Sabharwal was designated as Chairperson of the Audit Committee for this AGM.

Shareholder Attendance

  • Record Date: September 21, 2026
  • Total Shareholders on Record Date: 16,257
  • Total Shareholders Attended Meeting: 70
  • Promoter and Promoter Group: 6
  • Public: 64
  • Attendance Format: All attendees joined through Video Conferencing/Other Audio Visual Means. No attendees in person or through proxy/authorized representative.

Proposed Resolutions

Ordinary Business

1. Consider and adoption of Standalone & Consolidated Audited Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and the Auditors thereon (Ordinary Resolution)

2. Re-appointment of Mr. Rajendra Prasad Ritolia (DIN: 00119488) as a Non-Executive (Professional) Director who retired by rotation (Ordinary Resolution)

Special Business

3. Re-Appointment of Mr. Vikas Jain (DIN: 00049217) as Chairman & Managing Director (Special Resolution)

4. Re-Appointment of Mr. Piyush Jain (DIN: 00049319) as Joint Managing Director (Special Resolution)

5. Re-Appointment of Mrs. Meenakshi Anand (DIN: 01937203) as an Independent Director (Special Resolution)

6. Re-Appointment of Mrs. Shivi Sabharwal (DIN: 08792827) as an Independent Director (Special Resolution)

7. Re-Appointment of Mr. Rajendra Prasad Ritolia (DIN: 00119488) as Non-Executive Director (Special Resolution)

Voting Process

  • Scrutinizer: Mr. Krishna Kumar Singh, Proprietor of M/s KKS & Associates, Company Secretaries
  • Remote E-Voting Period: Started Friday, September 25, 2026, and ended Sunday, September 27, 2026
  • E-Voting Provider: National Securities Depositories Limited (NSDL)
  • AGM E-Voting: Continued for 15 minutes after conclusion of the AGM and then disabled
  • Result Disclosure: The result of remote e-voting and e-voting during the AGM, together with scrutinizer report, was to be submitted to stock exchanges and uploaded on company website within 48 hours from meeting conclusion

Management Presentations

  • The Chairman & Managing Director highlighted strong financial and operational performance during FY 2025–26, including significant growth in revenue, EBITDA, profitability, and expansion across mineral exploration, coal, and overseas business verticals. Future growth strategy focused on technology adoption, expansion into emerging exploration segments, operational efficiency, safety, and sustainable value creation.
  • The Joint Managing Director highlighted robust order book of approximately ₹761 crore, improved order mix, successful project execution, operational capabilities, strong client relationships, excellent safety record, and growth opportunities in mineral exploration, critical and strategic minerals, and underground coal gasification.

Compliance and Procedures

  • The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).
  • Notice of 20th AGM and Annual Report for FY 2025-26 were sent by email to all members with registered email addresses. A letter with weblink to the Annual Report was sent to shareholders without registered email IDs.
  • Statutory Auditor and Secretarial Auditor reports were unqualified, without any observation/remark/comments, and were taken as read.
  • Shareholder queries were addressed by Mr. Vikas Jain, Chairman and Managing Director.