Meeting Details
The 32nd Annual General Meeting was held on Tuesday, September 29, 2026 through Video Conference (VC)/Other Audio Video Means (OAVM). The deemed venue was the Registered Office of the Company at 5/6, Papa Industrial Estate, Suren Road, Andheri East, Mumbai 400093, Maharashtra, India. The meeting commenced at 11:30 A.M. and concluded at 12:09 P.M.
Attendance
Directors Present:
- Mr. Amrut P. Shah - Chairman & Managing Director
- Mr. Shantilal P. Shah - Whole-time Director
- Mr. Krunal S. Shah - Whole-time Director
- Mr. Mahesh D. Bhanushali - Independent Director and Chairman of Audit Committee & Nomination and Remuneration Committee
- Mrs. Jyoti C. Gala - Woman Independent Director & Chairperson of Stakeholders Relationship Committee & CSR Committee
- Mr. Kalpesh B. Parekh - Independent Director
In Attendance:
- Mr. Hardik A. Shah - Chief Executive Officer
- Mr. Rajesh Jain - Chief Financial Officer
- Ms. Urmi Shah - Company Secretary & Compliance officer
- Mr. Ashok B. Gupta - Statutory Auditor, M/s. Ashok Shyam & Associates
- Mr. Gaurang Shah - Secretarial Auditor & Scrutinizer, M/s. G R Shah and Associates
Proposed Resolutions
The following items of business were considered for shareholder approval:
Ordinary Business:
1. Adoption of audited financial statements for the financial year ended March 31, 2026 - Ordinary Resolution
2. Appointment of Mr. Shantilal P. Shah (DIN: 00033182), who retires by rotation - Ordinary Resolution
Special Business:
3. Re-appointment of Mr. Amrut P. Shah (DIN: 00033120) as Managing Director for a further period of three years - Special Resolution
4. Re-appointment of Mr. Shantilal P. Shah (DIN: 00033182) as Whole-Time Director for a further period of three years - Special Resolution
5. Re-appointment of Mr. Krunal S. Shah (DIN: 07877986) as Whole-Time Director for a further period of three years - Special Resolution
6. Re-appointment of Mrs. Jyoti C. Gala (DIN: 03444610) as a Woman Independent Director for a second term of five consecutive years - Special Resolution
7. Re-appointment of Mr. Mahesh Devji Bhanushali (DIN: 09629998) as an Independent Director for a second term of five consecutive years - Special Resolution
Voting Process and Methods
The Company provided remote e-voting facilities to eligible shareholders holding shares as on the cut-off date of Tuesday, September 22, 2026. Remote e-voting was kept open from Saturday, September 26, 2026 at 09:00 A.M. (IST) to Monday, September 28, 2026 till 5.00 P.M. (IST). Shareholders who had not cast their vote by remote e-voting could electronically vote through e-voting facility provided by the Company through NSDL during the AGM.
Scrutinizer Appointment
Mr. Gaurang Shah, Proprietor of M/s. G R Shah and Associates, Practicing Company Secretary was appointed as the scrutinizer to scrutinize the voting process in a fair and transparent manner. The Scrutinizer will issue Scrutinizer's Report on the remote e-voting & e-voting during the AGM on all resolutions.
Meeting Proceedings
Ms. Urmi Shah, Company Secretary welcomed members and introduced the Directors, Key Managerial Personnel and other attendees. The meeting was conducted electronically as per circulars issued by Ministry of Corporate Affairs (MCA) and SEBI. Mr. Amrut P. Shah chaired the meeting and called it to order after confirming quorum. Mr. Krunal S. Shah provided a brief overview of the Company's performance during the previous financial year and its future outlook, expressing appreciation to shareholders, employees and stakeholders. The Notice of 32nd AGM and Annual Report for Financial Year 2025-2026 were taken as read. The Statutory Auditor's Report and Secretarial Audit Report for the Financial Year ended March 31, 2026 were taken as read, with both reports containing no qualifications, reservations, adverse remarks or disclaimers. For items 3-5 where Mr. Amrut P. Shah was interested, Mr. Mahesh D. Bhanushali chaired the meeting. Shareholders who had registered as speakers were invited to raise queries, which were duly addressed with members expressing satisfaction.
Compliance Information
The Company complied with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Registers and other relevant documents were made available for inspection by Shareholders in Electronic Mode.
Conclusion
The e-voting facility at the AGM remained open for 15 minutes for members who had not cast their votes through remote e-voting. The meeting concluded at 12:09 P.M. with a vote of thanks.