Board Meeting Details

The Board meeting was held on Friday, 14th August, 2026 at 11:00 A.M. at the Registered Office of the Company. The meeting commenced at 11:00 A.M. and concluded at 12:20 P.M.

Key Decisions Approved

1. Director's Report Approval: The Board considered and approved the Director's Report and annexures for the Financial Year ended 31st March, 2026.

2. 18th Annual General Meeting: The Board decided to convene the 18th Annual General Meeting (AGM) on Saturday, September 12, 2026, and approved the Notice of AGM.

3. Scrutinizer Appointment: Appointed M/s. Dhirren R. Dave & Co., Company Secretaries, Surat as the Scrutinizer for the 18th AGM.

4. E-voting Agency: Appointed National Securities Depository Limited (NSDL) as the agency for providing remote e-voting facility and for conducting the AGM through VC/OAVM.

5. Book Closure Date: Fixed the Book Closure Date / Record Date for the purpose of the AGM.

6. Director Remuneration Increase: Approved and proposed to increase the remuneration of Non-Executive Director Ms. Shhalu Tejaas Kapadia.

Detailed Remuneration Increase

Pursuant to Section 197 read with Schedule V and other applicable provisions of the Companies Act, 2013, and based on the recommendation of the Nomination and Remuneration Committee, the Board approved and proposed to recommend an increase in remuneration for Mrs. Shhalu Tejaas Kapadia (DIN: 02298855), Non-Executive Director. The remuneration will increase from ₹9,00,000 per annum (Nine Lacs Only) to ₹24,00,000 per annum (Twenty Four Lacs Only), effective from 1st April, 2026. This proposal will be presented for approval at the 18th Annual General Meeting of the Company.

AGM Calendar and Book Closure Details

  • Date of dispatch of Notice: Friday, August 21, 2026
  • Cut-off/Record date for determining shareholders eligible to vote electronically: Saturday, September 05, 2026
  • Remote e-voting period: Three days from Wednesday, September 09, 2026 to Friday, September 11, 2026
  • AGM Date: Saturday, September 12, 2026 at 11:00 A.M. (IST) at the Registered Office: Shop No. 901/914, Rajhans Complex, 9th Floor, Ring Road, Surat – 395002, Gujarat, India

Financial Impact

The increase in director remuneration represents an additional annual expense of ₹15,00,000 effective from April 1, 2026, subject to shareholder approval at the AGM.