Meeting Details

The 52nd Annual General Meeting is scheduled to be held on Thursday, 20th August, 2026 at 11:00 AM IST through Video Conferencing/Other Audio Visual Means in compliance with MCA circulars and SEBI circulars.

Ordinary Business

1. To consider and adopt the Audited Annual Financial Statements for the financial year ended 31st March, 2026 along with Reports of Board of Directors and Auditors

2. To appoint a director in place of Mr. Sumer Gehani (DIN: 10842049) who retires by rotation and is eligible for re-appointment

Special Business

Item 3: Re-appointment of Mr. Ajay Gehani as Chairman and Managing Director

  • Special resolution proposed for re-appointment for 3 years from 1st July, 2026 to 30th June, 2029
  • Current term expires on 31st March, 2027, but re-appointment preponed by 9 months to coincide with AGM
  • Remuneration: ₹3,00,000 per month with eligibility for yearly increments
  • In event of loss/inadequate profits, minimum remuneration payable as per Schedule V of Companies Act, 2013
  • Profile: B.Com, G.G. (GIA), joined company in 1984, owns 34,76,275 equity shares (Promoter)
  • Previous remuneration: ₹36,00,000 per annum

Item 4: Re-appointment of Mrs. Arundhati Mali as Whole Time Director and Chief Financial Officer

  • Special resolution proposed for re-appointment for 3 years from 1st July, 2026 to 30th June, 2029
  • Current term expires on 31st May, 2027, but re-appointment preponed by 11 months to coincide with AGM
  • Remuneration: ₹37,500 per month with eligibility for yearly increments
  • In event of loss/inadequate profits, minimum remuneration payable as per Schedule V of Companies Act, 2013
  • Profile: B.Com, associated with company for 16 years, owns 100 equity shares (non-promoter)
  • Previous remuneration: ₹4,55,000 per annum

Financial Performance Disclosure (Annexure A)

  • FY26 Total Income: ₹1,531.04 lakhs (FY25: ₹2,146.62 lakhs)
  • FY26 Net Profit Before Tax: ₹(461.39) lakhs (FY25: ₹12.73 lakhs)
  • FY26 Net Profit After Tax: ₹(467.12) lakhs (FY25: ₹1.26 lakhs)

Shareholding Pattern

  • Register of Members and Share Transfer Books to remain closed from 14th August, 2026 to 20th August, 2026
  • Cut-off date for voting: 13th August, 2026

Voting Arrangements

  • Remote e-voting period: 17th August, 2026 to 19th August, 2026
  • CDSL appointed as e-voting agency
  • Physical attendance dispensed with, only VC/OAVM participation allowed
  • Facility available for 1,000 members on first-come-first-serve basis (exceptions for large shareholders, promoters, etc.)