Meeting Details

The 60th Annual General Meeting was held on Tuesday, 15th September 2026 at 3:00 PM through Video Conferencing. The meeting concluded at 4:20 PM.

Attendance

76 members attended the meeting. The requisite quorum was present.

Directors Present:

  • Shri Ashwin C. Shroff, Chairman (from Vadodara)
  • Shri Bimal V. Mehta, Managing Director (from Vadodara)
  • Shri Ravi A. Shroff, Director (from Vadodara)
  • Shri Anandmohan Tiwari, Independent Director & Chairman of NRC (from Gandhinagar)
  • Shri Vijay S. Maniar, Independent Director & Chairman of Audit & Stakeholders Relationship Committee (from Mumbai)
  • Smt. Maulik Mehta, Independent Director (from Vadodara)
  • Shri Rajeev Pandia, Independent Director (from Mumbai)

Absent Directors:

  • Shri Dipesh K. Shroff, Director
  • Smt. Rita A. Teaotia, Independent Director

Other Attendees:

  • Shri Pratik P. Shah, Chief Financial Officer
  • Shri Alak D. Vyas, Company Secretary
  • Shri Paresh Clerk, Statutory Auditor
  • CS Vijay L. Vyas, Scrutinizer

Voting Process

Remote e-voting was conducted between 12th September 2026 at 09:00 AM to 14th September 2026 at 05:00 PM. Members who had not availed remote e-voting could vote during the meeting, with voting remaining open for 15 minutes after the meeting ended.

Resolutions Considered

1. Adoption of Audited Financial Statements for the financial year ended 31st March 2026 (Ordinary Resolution)

2. Declaration of dividend of ₹20.00 (200%) on equity shares of ₹10 each (Ordinary Resolution)

3. Re-appointment of Shri Ashwin C. Shroff, who is retiring by rotation (Special Resolution)

4. Ratification of Remuneration of Cost Auditors for the year 2026-2027 (Ordinary Resolution)

Scrutinizer and Results

Shri Vijay L. Vyas, Practising Company Secretary, was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting process. The combined results along with the Scrutinizer's Report were to be submitted to BSE Limited and placed on the Company's website within 48 hours (on or before 17th September 2026).

Outcome

All resolutions set forth in the 60th AGM notice were deemed to be passed on 15th September 2026, subject to receipt of requisite majority.

Additional Information

The Statutory Auditors and Secretarial Auditor of the Company had given unqualified audit reports for the year ended 31st March 2026.