Meeting Details

The 16th Annual General Meeting was held on Wednesday, 30th September, 2026, commencing at 12:00 PM and concluding at 12:26 PM. The meeting was conducted entirely through video conferencing/other audio-visual means, with the registered office at 403, Chetak Centre, 12/2 RNT Marg, Indore (M.P.) - 452001 deemed as the venue. The record date/cut-off date for determining shareholder eligibility was 23rd September, 2026, with 5,267 shareholders on record.

Shareholder Participation

  • Total shareholders present through video conferencing: 42 (3 Promoters/Promoter Group, 39 Public)
  • No physical meeting or proxy appointment arrangements were made due to the virtual format
  • Total votes cast: 5,814,842 shares representing 54.38% of total outstanding shares (10,693,120 shares)

Proposed Resolutions and Voting Outcomes

Ordinary Business

Item No. 1: Adoption of Audited Financial Statements for FY2025-26

  • Resolution Type: Ordinary
  • Promoter/Promoter Group Interest: No
  • Total Votes Polled: 5,814,842 (54.38% of outstanding shares)
  • Votes in Favor: 5,814,842 (100% of votes polled)
  • Votes Against: 0 (0% of votes polled)
  • Result: Passed by requisite majority as ordinary resolution

Item No. 2: Reappointment of Mr. Kishore Kumar Bhuradia as Director

  • Resolution Type: Ordinary
  • Promoter/Promoter Group Interest: No
  • Total Votes Polled: 5,814,842 (54.38% of outstanding shares)
  • Votes in Favor: 5,814,841 (100% of votes polled)
  • Votes Against: 1 (0% of votes polled)
  • Result: Passed by requisite majority as ordinary resolution

Item No. 3: Appointment of Statutory Auditors

  • Resolution Type: Ordinary
  • Appointment of M/s. Harish Khandelwal & Co., Chartered Accountants (Firm Registration No. 004116C)
  • Term: 5 consecutive years from conclusion of 16th AGM till conclusion of 21st AGM
  • Promoter/Promoter Group Interest: No
  • Total Votes Polled: 5,814,842 (54.38% of outstanding shares)
  • Votes in Favor: 5,814,841 (100% of votes polled)
  • Votes Against: 1 (0% of votes polled)
  • Result: Passed by requisite majority as ordinary resolution

Special Business

Item No. 4: Appointment of Independent Director

  • Resolution Type: Special
  • Appointment of Mr. Manojkumar Bhagirathprasad Rawat (DIN: 11820058) as Independent Director
  • Term: 5 consecutive years from 18th July, 2026 to 17th July, 2031
  • Promoter/Promoter Group Interest: No
  • Total Votes Polled: 5,814,842 (54.38% of outstanding shares)
  • Votes in Favor: 5,814,841 (100% of votes polled)
  • Votes Against: 1 (0% of votes polled)
  • Result: Passed by requisite majority as special resolution

Voting Process and Methodology

  • Voting conducted through remote e-voting facility provided by Central Depository Services (India) Limited (CDSL)
  • Remote e-voting period: Saturday, 26th September, 2026 (09:00 AM) to Tuesday, 29th September, 2026 (05:00 PM)
  • No venue e-voting was conducted as the meeting was entirely virtual
  • All 5,814,842 votes were cast through remote e-voting only
  • 25 members cast their votes through the remote e-voting system

Scrutinizer's Role and Findings

  • Mr. Manish Maheshwari, Practicing Company Secretary (FCS: 5174; CP: 3860; PR No. 7870/2026) of M. Maheshwari & Associates was appointed as scrutinizer
  • The scrutinizer verified the e-voting process and results based on reports generated from CDSL's voting system
  • The vote unblocking process was witnessed by two independent witnesses: Ms. Mansi Gupta and Ms. Palak Garg
  • The scrutinizer confirmed no abstained or invalid votes were cast
  • Electronic voting data is under the scrutinizer's safe custody and will be handed over to the Company Secretary after minutes approval

Compliance with Regulations

The meeting and voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended)
  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars: General Circular Nos. 14/2020, 17/2020, 20/2020, 09/2023, 09/2024 and 03/2025
  • SEBI Circulars: SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167 and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133
  • Public advertisement was published in Business Standard (English and Hindi) on 8th September, 2026

Additional Information

  • Company CIN: L64202MP2010PLC024569
  • Scrutinizer's firm: M. Maheshwari & Associates, 301, Shalimar Corporate Center, 8-B South Tukoganj, Indore - 452001
  • Scrutinizer's UDIN: F005174H001687679
  • Date of scrutinizer's report: 30th September, 2026