Meeting Details

The 53rd Annual General Meeting was held on 9th September, 2026 at 3:00 p.m. through Video Conferencing/Other Audio Visual Means. The total number of equity shareholders as on cut-off date (2nd September, 2026) was 6,407. Attendance included 5 promoters/promoter group members and 58 public shareholders through video conferencing.

Voting Results Summary

All six resolutions proposed at the AGM were approved by shareholders with requisite/special majority. The scrutinizer's report was prepared by Mr. Prasen Naithani of M/s. P Naithani & Associates (CP No. 3389), Practicing Company Secretary, dated 10th September, 2026.

Resolution-wise Voting Details

Resolution 1: Ordinary Resolution - Adoption of Financial Statements

  • To receive, consider and adopt the Financial Statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and the Auditors
  • Total votes cast: 1,263,035 (63.9511% of outstanding shares)
  • Votes in favor: 1,263,034 (99.9999% of votes cast)
  • Votes against: 1 (0.0001% of votes cast)
  • Promoter group voted 1,256,577 shares (99.9837% of their holding) entirely in favor

Resolution 2: Ordinary Resolution - Dividend Declaration

  • To declare dividend of ₹100 per equity share for the financial year ended 31st March, 2026
  • Total votes cast: 1,263,035 (63.9511% of outstanding shares)
  • Votes in favor: 1,263,034 (99.9999% of votes cast)
  • Votes against: 1 (0.0001% of votes cast)
  • Promoter group voted 1,256,577 shares (99.9837% of their holding) entirely in favor

Resolution 3: Ordinary Resolution - Director Re-appointment

  • To appoint Mr. Kuldeep Bhan (DIN: 01598686) who retires by rotation and offers himself for re-appointment
  • Total votes cast: 1,263,035 (63.9511% of outstanding shares)
  • Votes in favor: 1,263,034 (99.9999% of votes cast)
  • Votes against: 1 (0.0001% of votes cast)

Resolution 4: Ordinary Resolution - Cost Auditor Remuneration

  • Ratification of remuneration of M/s. Dhananjay V. Joshi & Associates, Cost Accountants as Cost Auditors for FY ending 31st March, 2027
  • Total votes cast: 1,261,019 (63.8491% of outstanding shares)
  • Votes in favor: 1,261,018 (99.9999% of votes cast)
  • Votes against: 1 (0.0001% of votes cast)

Resolution 5: Special Resolution - Director Continuation

  • Approval of continuation of directorship of Mr. Feroze D. Neterwala (DIN: 00008332), aged 74 years as Chairman and Non-Executive Director beyond age of 75 years with effect from 14th May, 2027
  • Total votes cast: 1,258,108 (63.7017% of outstanding shares)
  • Votes in favor: 1,258,107 (99.9999% of votes cast)
  • Votes against: 1 (0.0001% of votes cast)
  • Mr. Feroze D. Neterwala abstained from voting due to interest

Resolution 6: Special Resolution - Director Continuation

  • Approval of continuation of directorship of Mrs. P. F. Neterwala (DIN: 01083117), aged 74 years as Non-Executive Director beyond age of 75 years with effect from 3rd January, 2027
  • Total votes cast: 1,258,108 (63.7017% of outstanding shares)
  • Votes in favor: 1,258,107 (99.9999% of votes cast)
  • Votes against: 1 (0.0001% of votes cast)
  • Mr. Feroze D. Neterwala abstained from voting due to interest

Scrutinizer's Report Details

Mr. Prasen Naithani of P. Naithani & Associates was appointed as scrutinizer. The e-voting process was conducted through Central Depository Services Limited (CDSL) with remote e-voting available from 5th September, 2026 (9:00 a.m.) to 8th September, 2026 (5:00 p.m.). The scrutinization was witnessed by Mr. Manvay Gawande and Ms. Aditi Pawar who are not employees of the company.

Share Capital Structure

Total outstanding equity shares: 1,975,000

Promoter and Promoter Group holding: 1,256,782 shares (63.64%)

Public Institutions holding: 554 shares (0.03%)

Public Others holding: 717,664 shares (36.33%)