Meeting Details

The 38th Annual General Meeting will be held on Wednesday, 30th September 2026 at 2:00 PM IST through Video Conferencing/Other Audio Visual Means. The registered office at 7, Niraj Industrial Estate, Off Mahakali Caves Road, Andheri (East), Mumbai 400093 will be deemed as the venue.

Ordinary Business Items

1. Adoption of Financial Statements

To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements for the financial year ended 31st March 2026, including Balance Sheet, Statement of Profit & Loss, Cash Flow, Change in Equity, and reports of Board of Directors and Auditors.

2. Dividend Declaration

To declare dividend on 94,00,00,000 equity shares at the rate of 10% i.e. ₹0.10 per equity share of face value ₹1 each for FY ended 31st March 2026.

  • Record Date: Wednesday, 23rd September 2026
  • Payment Date: Before Friday, 30th October 2026
  • Dividend amount: ₹9.4 crore total distribution

3. Director Re-appointment

To appoint Mr. Ankit Kedarmal Bankda (DIN: 02359461) who retires by rotation and being eligible offers himself for re-appointment. He holds 4,68,86,420 shares (4.99% of paid-up capital).

Special Business Items

4. Cost Auditor Remuneration Ratification

To ratify remuneration payable to M/s M. Goyal & Co., Cost Accountants (Firm Registration No. 000051) as Cost Auditor for FY 2026-27 at remuneration of ₹50,000 plus applicable taxes and reimbursement of actual out-of-pocket expenses.

5. Director Appointment Confirmation

To confirm appointment of Mr. Rahul Vijay Bankda (DIN: 00827827) as Director in category of Executive Promoter Director. He was appointed as Additional Director w.e.f. 12th August 2026 and holds office until this AGM.

6. Managing Director Appointment and Remuneration

To appoint Mr. Rahul Vijay Bankda as Managing Director for 3 years from 12th August 2026 to 11th August 2029 with remuneration:

  • Salary: Up to ₹7,50,000 per month with 10% annual increment
  • Perquisites: Subject to maximum ₹2,50,000 per month including:
  • Medical reimbursement for self and family
  • Leave Travel Concession twice yearly
  • Club fees reimbursement for two clubs
  • Personal accident insurance premium up to ₹1,00,000 annually
  • Other benefits: Leave encashment, provident fund, gratuity, car with driver, telephone & mobile with internet
  • Commission: Up to 5% of net profits before tax within overall limits
  • In case of loss/inadequacy of profits: remuneration to be treated as minimum remuneration under Schedule V
  • He holds 1,69,500 shares (0.02% of paid-up capital)

7. Director Appointment Confirmation

To confirm appointment of Mrs. Rinki Ankit Bankda (DIN: 06946754) as Director in category of Executive Promoter Director. She was appointed as Additional Director w.e.f. 12th August 2026.

8. Whole-Time Director Appointment and Remuneration

To appoint Mrs. Rinki Ankit Bankda as Whole-Time Director for 3 years from 12th August 2026 to 11th August 2029 with remuneration:

  • Salary: Up to ₹3,50,000 per month with 10% annual increment
  • Perquisites: Subject to maximum ₹1,50,000 per month including similar benefits as MD
  • Other benefits: Similar to MD appointment
  • Commission: Similar structure as MD appointment
  • She does not hold any equity shares in the company

9. CFO Remuneration Increase

To approve increase in remuneration payable to Mr. Ankur Vijay Bankda, Chief Financial Officer (relative of Managing Director) from ₹2.25 lakh per month to ₹3.50 lakh per month with 10% annual increment w.e.f. 1st October 2026. He holds 63,900 shares (0.01% of paid-up capital).

10. Independent Director Re-appointment

To re-appoint Mrs. Ruchi Jindal (DIN: 09633465) as Woman Independent Director for second term of 5 years from 28th June 2027 to 27th June 2032. She does not hold any equity shares.

Financial Performance Context

The company achieved total revenue of ₹51,753.91 lakhs and Profit Before Tax of ₹10,052.51 lakhs for FY ended 31st March 2026.

Voting Information

  • Remote e-voting period: 27th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM)
  • Cut-off date for voting rights: 23rd September 2026
  • Scrutinizer: CS Anish Gupta of VKMG & Associates LLP
  • Results will be posted on company website and forwarded to stock exchanges

Dividend Payment Details

  • TDS will be deducted at 10% for resident members with valid PAN
  • Higher TDS rates apply for non-PAN accounts and specific cases
  • Dividend payments will be made only through electronic mode