Meeting Details

The 79th Adjourned Annual General Meeting was held on Tuesday, September 1, 2026 at 11:30 a.m. through two-way Video Conference/Other Audio-Visual Means (VC/OAVM).

The original AGM scheduled for August 25, 2026 was adjourned due to lack of requisite quorum as per Section 103(1)(a)(iii) of the Companies Act, 2013. Adjournment advertisements were published on August 26, 2026.

At the adjourned meeting on September 1, 2026, the meeting commenced at 11:30 a.m. but quorum was not present initially. After 30 minutes at 12:00 noon, only 6 members were present, which constituted the quorum as per Section 103 of the Companies Act, 2013 read with Secretarial Standards-2 on General Meetings.

Attendance

  • Directors Present: All except Mr. Gaurang Ajmera, Independent Director
  • Chairperson: Ms. Kavita Biyani, Independent Director
  • Statutory Auditors: Mr. Naveen Taparia, Partner of M/s. V. Singhi & Associates (not present)
  • Secretarial Auditor & Scrutinizer: Mr. Rajnikant Shah of M/s. R. N. Shah & Associates (present through VC)
  • Members: 4 Promoters/Promoter Group and 2 Public members attended through VC

Voting Process

The company provided remote e-voting facility through MUFG Intime India Private Limited (MIIPL) from 9:00 a.m. on August 22, 2026 to 5:00 p.m. on August 24, 2026.

E-voting during the AGM (Insta-Meet) was available for members who had not voted remotely. Mr. Rajnikant Shah was appointed as Scrutinizer for both remote e-voting and e-voting at the AGM.

Cut-off date for voting rights: August 18, 2026

Total number of shareholders on record date: 14,276

Resolutions Passed

All three resolutions were passed unanimously with 100% votes in favor:

1. Ordinary Resolution: Adoption of audited standalone financial statements for FY 2025-26 together with reports of Board of Directors and Auditors

2. Ordinary Resolution: Re-appointment of Mr. Pradip Bhar (DIN: 01039198) as Director who retired by rotation

3. Special Resolution: Re-appointment of Mr. Hiren Umedray Sanghavi as General Manager effective from April 22, 2026 for one year

Voting Results

Total Outstanding Shares: 5,171,125

Total Votes Polled: 3,077,020 (59.5039% of outstanding shares)

Number of Members Voted: 31

Breakdown by Category:

  • Promoter and Promoter Group: 2,100,282 shares voted (100% of their holding), all in favor
  • Public Institutions: 975,973 shares voted (81.0305% of their 1,204,451 shares), all in favor
  • Public Non-Institutions: 765 shares voted (0.0410% of their 1,866,392 shares), all in favor

No votes were cast against any resolution, and there were no invalid or abstain votes.

Additional Information

The Company Secretary informed that both Statutory Auditors Report and Secretarial Audit Report did not contain any remarks or qualifications.

The scrutinizer's report was prepared pursuant to Section 109 of the Companies Act, 2013 and Rule 21(2) of Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI Listing Regulations.

Results were unblocked on September 1, 2026 around 12:36 p.m. in presence of two witnesses: Ms. Kajal Jayprakash Sharma and Mr. Affan M. Ali Shaikh.