Meeting Details

The Extraordinary General Meeting was held on Friday, July 31, 2026, at 11:00 A.M. (IST) through Video Conferencing / Other Audio-Visual Means (VC/OAVM). The meeting commenced at 11:00 A.M. and concluded at 11:08 A.M. (IST).

Attendees

Directors and Key Managerial Personnel Present:

  • Mr. Hiteshkumar Gordhanbhai Thummar (Chairman & Managing Director, DIN: 02112952)
  • Mr. Bhaveshbhai Tulsibhai Barasiya (Whole-time Director, DIN: 05332180, Promoter)
  • Mrs. Darshna Hiteshbhai Thummar (Non-Executive Director, DIN: 07869257)
  • Mrs. Jagruti Nitinkumar Erda (Independent Director, DIN: 09680025)
  • Mr. Mallappa Beleri (Independent Director, DIN: 10512254)
  • Mrs. Smita Sachin Ravani (Independent Director, DIN: 10695275)
  • Mr. Atulbhai Laxmanbhai Natu (Chief Financial Officer, KMP)
  • Mr. Milan Pravinbhai Sakhiya (Company Secretary & Compliance Officer, KMP)

Other Attendees:

  • CS Piyush Jethva, Practising Company Secretary (FCS No. 6377, C.P. No. 5452), appointed as Scrutinizer
  • Representatives of the Statutory Auditors
  • 68 (Sixty Eight) Members attended through VC/OAVM

Proposed Resolutions and Implications

Item No. 1 - Ordinary Resolution: Increase in the Authorised Share Capital of the Company from ₹26,50,00,000 (Twenty-Six Crore Fifty Lakh) to ₹27,50,00,000 (Twenty-Seven Crore Fifty Lakh) and consequent alteration of Clause V of the Memorandum of Association.

Item No. 2 - Special Resolution: Issue of 37,00,000 (Thirty-Seven Lakh) Convertible Warrants at an issue price of ₹58/- each, aggregating to ₹21,46,00,000 (Twenty-One Crore Forty-Six Lakh), on a preferential basis, for cash consideration, to the Promoter and Promoter Group of the Company.

The Chairman explained that the pricing of the Warrants was determined in accordance with Chapter V of the SEBI (ICDR) Regulations, 2018. The proceeds will be deployed towards expansion of manufacturing capacity, purchase of plant, machinery and other fixed assets, enhanced working capital requirements, and general corporate purposes.

Voting Process

The Company provided two methods for voting:

1. Remote e-voting through NSDL prior to the meeting

2. E-voting facility available on the NSDL platform during the meeting, which remained open until 15 minutes after the conclusion of the meeting (until 11:23 A.M. IST)

CS Piyush Jethva was appointed as Scrutinizer to scrutinize all votes cast through both remote e-voting and e-voting during the meeting.

Voting Outcomes

While specific voting results are not provided in this document, it states that the resolutions shall be deemed to have been passed on July 31, 2026, subject to receipt of the requisite number of votes in favor. The voting results together with the Scrutinizer's Report will be declared within the prescribed statutory period and submitted to the Stock Exchange, and will also be uploaded on the websites of the Company and NSDL.

Speaker Session

Two Members had registered as speakers: Mr. Gopal Das Sewani and Mr. Damodaran Tumuluri. However, both registered speakers were not available/present to address the meeting when called upon, so the speaker session was concluded without any queries or discussions.

Compliance Confirmation

The meeting was conducted in compliance with the applicable provisions of the Companies Act, 2013 read with the Rules made thereunder and the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The statutory Registers and all other documents referred to in the Notice were available in electronic form for inspection by the Members.