Meeting Details

The 38th Annual General Meeting was held on August 7, 2026, from 11:30 AM to 12:50 PM through Video Conferencing/Other Audio-Visual Means. The record date was July 31, 2026, with 2,536 total shareholders on record.

Attendance

  • Promoters and promoter group: 0 attendees
  • Public shareholders: 32 attendees via video conferencing
  • Total shareholders present: 32

Voting Results Overview

All 13 resolutions placed before shareholders were passed by requisite majority. Total votes cast: 70,923 shares representing 1.1378% of total outstanding shares (6,233,324 shares).

Resolution Details

Resolution 1: Adoption of Financial Statements

  • Ordinary resolution to receive, consider and adopt Audited Financial Statements for FY ended March 31, 2026
  • Votes in favor: 70,923 (100%)
  • Votes against: 0
  • Result: Passed

Resolution 2: Dividend Declaration

  • Ordinary resolution to take note of interim dividends and declare final dividend for FY 2025-26
  • Votes in favor: 70,923 (100%)
  • Votes against: 0
  • Result: Passed

Resolution 3: Re-appointment of Director

  • Ordinary resolution to re-appoint Mr. Chirag Chandulal Rajpopat (DIN: 10585562) who retires by rotation
  • Votes in favor: 70,923 (100%)
  • Votes against: 0
  • Result: Passed

Resolution 4: Appointment of Independent Director

  • Special resolution to appoint Ms. Nitu Vishwakarma (DIN: 11731242) as Independent Director
  • Votes in favor: 70,923 (100%)
  • Votes against: 0
  • Result: Passed

Resolution 5: Stock Split

  • Ordinary resolution to approve sub-division of every 1 equity share of face value ₹10 into 5 equity shares of face value ₹2 each
  • Votes in favor: 70,923 (100%)
  • Votes against: 0
  • Result: Passed

Resolution 6: Alteration of Capital Clause

  • Ordinary resolution to alter Capital Clause (Clause V) of Memorandum of Association consequent to stock split
  • Votes in favor: 70,923 (100%)
  • Votes against: 0
  • Result: Passed

Resolution 7: Re-designation of Director

  • Special resolution to re-designate Mr. Sandeep Jamnadas Merchant (DIN: 05210128) from Whole-time Director to Managing Director and Vice Chairman
  • Promoter interest: Yes
  • Votes in favor: 70,923 (100%)
  • Votes against: 0
  • Result: Passed

Resolution 8: Appointment of Chairman

  • Ordinary resolution to appoint Dr. Huzaifa Habil Khorakiwala (DIN: 02191870) as Non-Executive Director and Chairman
  • Votes in favor: 70,923 (100%)
  • Votes against: 0
  • Result: Passed

Resolution 9: Appointment of Non-Executive Director

  • Ordinary resolution to appoint Mr. Nikhil Saran Mathur (DIN: 00192195) as Non-Executive Director
  • Votes in favor: 70,498 (99.40%)
  • Votes against: 425 (0.60%)
  • Result: Passed

Resolution 10: Related Party Transactions

  • Ordinary resolution to approve material related party transactions with entities in which Mr. Faraaz Irfan Chapra is interested
  • Votes in favor: 70,523 (99.44%)
  • Votes against: 400 (0.56%)
  • Result: Passed

Resolution 11: Related Party Transactions

  • Ordinary resolution to approve material related party transactions with entities in which Mr. Sandeep Jamnadas Merchant is interested
  • Promoter interest: Yes
  • Votes in favor: 70,923 (100%)
  • Votes against: 0
  • Result: Passed

Resolution 12: Related Party Transactions

  • Ordinary resolution to approve material related party transactions with entities in which Mr. Dhaval Girish Chheda, CEO is interested
  • Votes in favor: 70,923 (100%)
  • Votes against: 0
  • Result: Passed

Resolution 13: Joint Venture Formation

  • Special resolution to approve formation of joint venture company with Peace Mission Private Limited
  • Votes in favor: 70,523 (99.44%)
  • Votes against: 400 (0.56%)
  • Result: Passed

Scrutinizer Details

  • Name: Mr. Alok Khairwar of Alok Khairwar & Associates
  • Qualification: Company Secretary
  • Membership Number: 10031
  • Appointment Date: July 3, 2026
  • Report Issuance Date: August 7, 2026

Voting Process

  • E-voting period: August 4, 2026 (9:00 AM) to August 6, 2026 (5:00 PM)
  • E-voting service provider: MUFG Intime India Private Limited
  • Votes unblocked at 2:35 PM on August 7, 2026 after conclusion of AGM
  • Total members who voted: 54 (44 via remote e-voting, 10 via e-voting at AGM)

Shareholding Pattern

  • Promoter and promoter group: 2,687,390 shares (43.11%)
  • Public institutions: 0 shares
  • Public non-institutions: 3,545,934 shares (56.89%)
  • Total outstanding shares: 6,233,324

Invalid Votes

No invalid votes were recorded across all resolutions.