Regulation 44 SEBI LODR Compliance Disclosure

Meeting Details

Type of Meeting: 30th Annual General Meeting (AGM)

Date of Meeting: Friday, 25 September 2026

Meeting Time: 04:00 PM IST to 04:53 PM IST

Mode of Meeting: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)

Record Date: 18 September 2026

Proposed Resolutions and Implications

The AGM considered and voted on ten resolutions:

Ordinary Business (4 Resolutions):

1. Adoption of Audited Standalone Financial Statements for FY ended 31 March 2026, with Reports of Board of Directors and Auditors.

2. Adoption of Audited Consolidated Financial Statements for FY ended 31 March 2026, with Report of the Auditors.

3. Declaration of dividend on equity shares for FY ended 31 March 2026.

4. Re-appointment of Mr. Shekhar Rasiklal Somani (DIN: 00183665) as Director retiring by rotation.

Special Business (6 Resolutions):

5. Re-appointment of Mr. Chintan Nitinkumar Shah (DIN: 00183618) as Managing Director for 3 years from 01 February 2027 and fixation of remuneration.

6. Re-appointment of Mr. Ajaykumar Mansukhlal Patel (DIN: 00183745) as Whole-time Director for 3 years from 01 February 2027 and fixation of remuneration.

7. Re-appointment of Mr. Shekhar Rasiklal Somani (DIN: 00183665) as Whole-time Director for 3 years from 01 February 2027 and fixation of remuneration.

8. Increase in borrowing limit under Section 180(1)(c) of Companies Act, 2013.

9. Creation of charge(s) on assets under Section 180(1)(a) of Companies Act, 2013.

10. Ratification of remuneration payable to Cost Auditors for FY 2026-27.

Voting Process and Methods

The voting process utilized two methods:

  • Remote E-voting: Available from 9:00 AM IST on 22 September 2026 to 5:00 PM IST on 24 September 2026 through MUFG Intime India Private Limited (MIIPL).
  • E-voting during AGM: Conducted for members present through VC/OAVM who had not voted remotely.

The scrutinizer was appointed by the Board of Directors in their meeting dated 17 July 2026.

Key Voting Outcomes

Total Shareholders on Record Date: 64,327

Total Number of Resolutions: 10

Total Votes Cast: 18,329,172 votes (78.3564% of outstanding shares)

Attendance Breakdown:

  • Promoters & Promoter Group: 11 members attended via VC
  • Public: 45 members attended via VC

Resolution-wise Results Summary:

  • Resolution 1 (Ordinary): 18,329,126 votes in favor (99.9997%), 46 against (0.0003%) - PASSED
  • Resolution 2 (Ordinary): 18,329,131 votes in favor (99.9998%), 41 against (0.0002%) - PASSED
  • Resolution 3 (Ordinary): 18,329,146 votes in favor (99.9999%), 26 against (0.0001%) - PASSED
  • Resolution 4 (Ordinary): 18,328,753 votes in favor (99.9977%), 419 against (0.0023%) - PASSED
  • Resolution 5 (Special): 17,695,833 votes in favor (96.5446%), 633,339 against (3.4554%) - PASSED
  • Resolution 6 (Special): 18,329,108 votes in favor (99.9997%), 64 against (0.0003%) - PASSED
  • Resolution 7 (Special): 18,329,113 votes in favor (99.9997%), 59 against (0.0003%) - PASSED
  • Resolution 8 (Special): 18,329,061 votes in favor (99.9994%), 111 against (0.0006%) - PASSED
  • Resolution 9 (Special): 18,329,066 votes in favor (99.9994%), 106 against (0.0006%) - PASSED
  • Resolution 10 (Ordinary): 18,329,141 votes in favor (99.9998%), 31 against (0.0002%) - PASSED

Category-wise Voting Participation:

  • Promoter & Promoter Group: 16,846,963 shares voted (100% of their holding)
  • Public Institutions: 1,456,123 shares voted (80.9512% of their holding)
  • Public Non-Institutions: 26,086 shares voted (0.5496% of their holding)

Scrutinizer's Role and Findings

Scrutinizer: Niraj Trivedi (FCS No.: 3844) of TNT & Associates, Practicing Company Secretaries

Appointment Date: 17 July 2026

Report Issuance Date: 26 September 2026

The scrutinizer was responsible for scrutinizing both the remote e-voting and e-voting during the AGM. The electronic data was unblocked after the AGM in the presence of two independent witnesses: CS Ismail Shaikhjiwala and Riya Vichare.

The scrutinizer confirmed that all resolutions were passed with the requisite majority and that the electronic voting records were maintained in safe custody before being handed over to the Company Secretary for safekeeping.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • All applicable MCA and SEBI circulars regarding e-voting and meeting procedures