Meeting Details

The 55th Annual General Meeting was held on Wednesday, July 29, 2026, through physical mode at Efcee Sarovar Premiere – Sarovar Hotels, Iscon Mega City, Opp. Victoria Park, Bhavnagar, Gujarat, 364002. The meeting commenced at 4:30 PM and concluded at 5:00 PM.

Attendance

Total attendance included 32 Members, 9 Directors (4 of whom are also members), and 20 proxy holders. The meeting confirmed a quorum of 30 was present (minimum requirement met).

Representatives present:

  • Mr. Ravi Karia, representative of Statutory Auditors
  • Mr. Dinesh G Bhimani, scrutinizer for voting

Proceedings Summary

Mr. Chetan M Tamboli, Chairman of the Board, chaired the meeting. The Company Secretary Mr. Umesh Bhatt welcomed members and informed about e-voting facilities and physical voting procedures.

The Chairman addressed members on:

  • Company's operations during FY 2025-26
  • Outlook for Financial Year 2026-27
  • Declaration of Final Dividend @ 54% for 2025-26
  • Declaration of First Interim Dividend @ 45% for FY 2026-27

The Chairman answered questions raised by members to their satisfaction. Results of e-voting (concluded the previous day) and physical voting (conducted for 15 minutes after meeting conclusion) were to be announced as per statutory requirements.

Resolutions Passed

Item No. 1 (Ordinary Resolution): Approved and adopted the Audited Financial Statement for the financial year ended March 31, 2026, and Reports of Board of Directors and Auditors.

Item No. 2 (Ordinary Resolution): Confirmed payment of three Interim Dividends and declared Final Dividend on equity shares for year ended March 31, 2026.

Item No. 3 (Ordinary Resolution): Approved appointment of Mr. Ashutosh H Shukla.

Item No. 4 (Ordinary Resolution): Approved appointment of Mr. Subhash R Sharma.

Item No. 5 (Special Resolution): Approved reappointment of Mr. Chetan M Tamboli as Managing Director.

Item No. 6 (Special Resolution): Approved revision in the date of expiry of present term of appointment of Mr. Hemant D Dholakia.

Item No. 7 (Ordinary Resolution): Ratified remuneration of Cost Auditor.

Additional Information

Statutory Registers referred to in the 55th AGM Notice and Explanatory Statement were available for inspection on demand during the meeting.