Meeting Details

The 79th Adjourned Annual General Meeting was held on Tuesday, September 1, 2026 at 11:30 AM through two-way Video Conference/Other Audio-Visual Means in compliance with MCA and SEBI circulars.

Quorum Status

The meeting commenced at 11:30 AM but initial quorum was not present. After 30 minutes (at 12:00 noon), 6 members were present, meeting the requisite quorum under Section 103(1)(a)(iii) of the Companies Act, 2013 read with Secretarial Standards-2.

Background of Adjournment

The original AGM was supposed to be held on August 25, 2026 but was adjourned due to lack of requisite quorum. Newspaper advertisements about the adjournment were published on August 26, 2026.

Attendees

Directors Present: All directors except Mr. Gaurang Ajmera, Independent Director

Chairperson: Ms. Kavita Biyani, Independent Director

Statutory Auditors: Not present (M/s. V. Singhi & Associates)

Secretarial Auditor & Scrutinizer: Mr. Rajnikant Shah of M/s. R. N. Shah & Associates was present through VC

Voting Process

The remote e-voting period commenced from 9:00 AM on August 22, 2026 and ended on August 24, 2026 at 5:00 PM. Members who hadn't voted remotely could vote electronically during the AGM (Insta-Meet facility).

Audit Reports

The Company Secretary confirmed that both the Statutory Auditors Report and Secretarial Audit Report contained no remarks or qualifications.

Shareholder Participation

Out of 9 registered speakers, only Ms. Prakashini G Shenoy and Mr. Satish Shah were present. Ms. Shenoy commented that virtual AGM mode is better and more convenient than physical mode.

Business Transacted

Ordinary Business:

1. Adoption of audited standalone financial statements for FY ended March 31, 2026 (Ordinary Resolution)

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

Special Business:

3. Re-appointment of Mr. Hiren Umedray Sanghavi as General Manager effective April 22, 2026 (Special Resolution)

Meeting Outcome

All resolutions were passed unanimously. The meeting concluded at 12:18 PM. Detailed voting results for remote e-voting and electronic voting at AGM are enclosed with the disclosure.

Effective Date

As per Section 116 of Companies Act, 2013, resolutions are treated as passed on September 1, 2026.