Meeting Details
- Date: Tuesday, September 29, 2026
- Time: 11:30 A.M.
- Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
- Type: 32nd Annual General Meeting
Proposed Resolutions and Implications
Seven resolutions were considered:
1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 (Ordinary Resolution)
2. Appointment of Mr. Shantilal P. Shah (DIN: 00033182) retiring by rotation (Ordinary Resolution)
3. Re-appointment of Mr. Amrut P. Shah (DIN: 00033120) as Managing Director (Special Resolution)
4. Re-appointment of Mr. Shantilal P. Shah (DIN: 00033182) as Whole-Time Director (Special Resolution)
5. Re-appointment of Mr. Krunal S. Shah (DIN: 07877986) as Whole-Time Director (Special Resolution)
6. Re-appointment of Mrs. Jyoti Chandrakant Gala (DIN: 03444610) as Woman Independent Director (Special Resolution)
7. Re-appointment of Mr. Mahesh D. Bhanushali (DIN: 09629998) as Independent Director (Special Resolution)
Voting Process and Methods
- Remote e-voting period: Saturday, September 26, 2026 (9:00 A.M.) to Monday, September 28, 2026 (5:00 P.M.)
- Cut-off date: Tuesday, September 22, 2026
- Voting methods: Remote e-voting and e-voting during AGM
- Scrutinizer: Gaurang Shah of G R Shah & Associates, Company Secretaries
- Agency: National Securities Depository Limited (NSDL) provided e-voting facilities
Key Voting Outcomes
Overall Participation
- Total outstanding shares: 473,877,773
- Total votes cast: 177,097,075 (37.3719% of outstanding shares)
Resolution-wise Results
Resolution 1 (Adoption of Financial Statements)
- Total votes in favor: 177,049,735 (99.9733%)
- Votes against: 47,340 (0.0267%)
- Result: Passed
Resolution 2 (Appointment of Shantilal P. Shah)
- Total votes in favor: 176,245,485 (99.5191%)
- Votes against: 851,590 (0.4809%)
- Result: Passed
Resolution 3 (Re-appointment of Amrut P. Shah as MD)
- Total votes in favor: 288,315,25 (97.2174%)
- Votes against: 825,239 (2.7826%)
- Result: Passed
Resolution 4 (Re-appointment of Shantilal P. Shah as WTD)
- Total votes in favor: 288,315,32 (97.2174%)
- Votes against: 825,232 (2.7826%)
- Result: Passed
Resolution 5 (Re-appointment of Krunal S. Shah as WTD)
- Total votes in favor: 296,315,25 (99.9149%)
- Votes against: 25,239 (0.0851%)
- Result: Passed
Resolution 6 (Re-appointment of Jyoti Chandrakant Gala)
- Total votes in favor: 176,245,115 (99.5189%)
- Votes against: 851,960 (0.4811%)
- Result: Passed
Resolution 7 (Re-appointment of Mahesh D. Bhanushali)
- Total votes in favor: 176,245,115 (99.5189%)
- Votes against: 851,960 (0.4811%)
- Result: Passed
Category-wise Voting Breakdown
Promoter and Promoter Group
- Shares held: 147,440,311
- Votes cast: 147,440,311 (100% participation)
- Voted in favor of all resolutions: 100%
Public Institutions
- Shares held: 224,966
- Votes cast: 0 (0% participation)
Public - Non Institutions
- Shares held: 326,212,496
- Votes cast: 29,656,764 (9.0912% participation)
- Generally supported all resolutions with 97-99% approval rates
Scrutinizer's Role and Findings
- Gaurang Shah was appointed as Scrutinizer pursuant to Section 108 of Companies Act, 2013
- Confirmed voting process was conducted in fair and transparent manner
- 76 shareholders attended meeting through VC/OAVM
- No invalid votes were recorded across all resolutions
- All resolutions passed with requisite majority
- Voting records will remain in scrutinizer's custody until minutes are approved
Compliance Confirmation
- Compliance with SEBI Circulars dated 12.05.2020, 15.01.2021, 13.05.2022
- Compliance with MCA General Circulars including No. 14/2020, 17/2020, 20/2020, 33/2020, 39/2020, 02/2021, 10/2021, 20/2021, 21/2021, 02/2022, 03/2022, 09/2023, 09/2024, and 03/2025
- Compliance with Companies Act, 2013 and Companies (Management and Administration) Rules, 2014
Additional Information
- Company CIN: L21098MH1995PLC086337
- Scrutinizer's Address: B/406, 4th Floor, Premium House, Near Gandhi Gram Station, Ahmedabad - 380009