Meeting Details

  • Date of Meeting: Wednesday, 30th September 2026
  • Time of Meeting: Commenced at 12:00 PM and concluded at 12:26 PM
  • Type of Meeting: 16th Annual General Meeting (AGM)
  • Mode of Meeting: Conducted through Video Conferencing / Other Audio-Visual Means (VC/OAVM)
  • Deemed Venue: The Registered Office of the company at 403, Chetak Centre, 12/2 RNT Marg, Indore (M.P.) – 452001

Proposed Resolutions and Implications

The meeting transacted four resolutions:

A. Ordinary Business

1. Adoption of Financial Statements: To receive, consider, and adopt the Audited Financial Statements (including Consolidated Financial Statements) for the financial year ended 31st March 2026, along with the Audited Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and the Reports of the Board of Directors and Auditors.

2. Re-appointment of Director: To appoint Mr. Kishore Kumar Bhuradia (DIN: 03257728), Chairman & Managing Director, who retired by rotation, in his place. He offered himself for re-appointment.

3. Appointment of Statutory Auditors: To approve the appointment of M/s. Harish Khandelwal & Co., Chartered Accountants (Firm Registration No. 004116C), as the Statutory Auditors for a term of 5 consecutive years, from the conclusion of the 16th AGM till the conclusion of the 21st AGM, at a remuneration to be fixed by the Audit Committee and Board.

B. Special Business

4. Appointment of Independent Director: To confirm and approve the appointment of Mr. Manojkumar Bhagirathprasad Rawat (DIN: 11820058) as an Independent Director for his first term of 5 consecutive years, effective from 18th July 2026 until 17th July 2031.

Voting Process and Methods

The voting process was conducted in compliance with the Companies Act, 2013.

  • Remote E-Voting: The remote e-voting facility was provided by Central Depository Services (India) Limited (CDSL). It commenced on 26th September 2026 at 9:00 AM and ended on 29th September 2026 at 5:00 PM IST.
  • Voting at AGM: Electronic voting was also conducted during the AGM for members who had not already voted remotely.
  • Cut-off Date: The eligibility for voting was determined based on the company's records as on the cut-off date of 23rd September 2026.
  • Scrutinizer: CS Manish Maheshwari was appointed as the Scrutinizer to scrutinize the voting process and report the results.

Key Voting Outcomes

The results were declared on 1st October 2026 based on the Scrutinizer's report, with the date of passing the resolutions being 30th September 2026.

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • Total Votes Cast: 5,814,842 votes, representing 54.38% of the total 10,693,120 outstanding shares.
  • Votes in Favor: 5,814,842 votes (100% of votes polled).
  • Votes Against: 0 votes (0% of votes polled).
  • Promoter & Promoter Group: Voted 5,444,080 shares (100% of their holding)全部 in favor.
  • Public Non-Institutions: Voted 370,762 shares (7.06% of their holding)全部 in favor.
  • Public Institutions: Did not cast any votes.

Resolution 2: Re-appointment of Mr. Kishore Kumar Bhuradia (Ordinary Resolution)

  • Total Votes Cast: 5,814,842 votes (54.38% of outstanding shares).
  • Votes in Favor: 5,814,841 votes (100% of votes polled).
  • Votes Against: 1 vote (0% of votes polled).
  • Promoter & Promoter Group: Voted 5,444,080 shares (100% of holding)全部 in favor.
  • Public Non-Institutions: Voted 370,762 shares (7.06% of holding); 370,761 in favor, 1 against.

Resolution 3: Appointment of Statutory Auditors (Ordinary Resolution)

  • Total Votes Cast: 5,814,842 votes (54.38% of outstanding shares).
  • Votes in Favor: 5,814,841 votes (100% of votes polled).
  • Votes Against: 1 vote (0% of votes polled).
  • Promoter & Promoter Group: Voted 5,444,080 shares (100% of holding)全部 in favor.
  • Public Non-Institutions: Voted 370,762 shares (7.06% of holding); 370,761 in favor, 1 against.

Resolution 4: Appointment of Mr. Manojkumar Rawat as Independent Director (Special Resolution)

  • Total Votes Cast: 5,814,842 votes (54.38% of outstanding shares).
  • Votes in Favor: 5,814,841 votes (100% of votes polled).
  • Votes Against: 1 vote (0% of votes polled).
  • Promoter & Promoter Group: Voted 5,444,080 shares (100% of holding)全部 in favor.
  • Public Non-Institutions: Voted 370,762 shares (7.06% of holding); 370,761 in favor, 1 against.

Scrutinizer's Role and Compliance

CS Manish Maheshwari, the Secretarial Auditor, was appointed as the Scrutinizer. His report, dated 30th September 2026, on the remote e-voting and e-voting at the AGM was received. The Chairman declared the results on 1st October 2026 based on this report. The company confirmed that the meeting was conducted in accordance with the circulars and guidelines issued by the Ministry of Corporate Affairs and SEBI, ensuring compliance with the Companies Act, 2013, and SEBI LODR Regulations, 2015.

Attendance and Quorum

  • Total Members on Cut-off Date: 5,267 members were entitled to vote as per records from MUFG Intime India Private Limited (RTA).
  • Quorum Requirement: Minimum 30 members required.
  • Members Present: 42 members were present through Video Conferencing, constituting a valid quorum.
  • Directors Present: Mr. Kishore Kumar Bhuradia (Chairman & MD), Mr. Pranay Kumar Parwal (WTD), Mr. Anil Kumar Jain (WTD), Mr. Manish Sharma (ID), Mr. Manojkumar Bhagirathprasad Rawat (ID), Mrs. Sudha Rathi (ID).
  • Officers Present: Mr. Pushpendra Patel (Company Secretary & Compliance Officer), Mr. Brijesh Kumar Shrivastava (CFO).
  • Special Invitees: CS Manish Maheshwari (Scrutinizer), CA Abhay Sharma (Statutory Auditor).