Meeting Details

The 22nd Annual General Meeting of the Company was held on Wednesday, September 30, 2026, at 11:00 A.M. (IST). The meeting was conducted through Video Conference/ Other Audio Visual Means. The deemed venue was the company's registered office at Shop No. 329 Avior, Nirmal Galaxy, L.B.S. Marg, Mulund West, Mumbai - 400080.

Summary of Proposed Resolutions

The meeting considered six resolutions for voting:

Resolution No. 1 (Ordinary Resolution): To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026, including reports of Board of Directors and Auditors.

Resolution No. 2 (Ordinary Resolution): To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended March 31, 2026.

Resolution No. 3 (Ordinary Resolution): To appoint a director in place of Mr. Kaushik Damji Gada (DIN: 00515876) who retires by rotation and offered himself for re-appointment.

Resolution No. 4 (Ordinary Resolution): To approve the appointment of M/s Viren Gandhi & Co. (Chartered Accountants, Firm Registration No. 111558W) as Statutory Auditors for a term of five years.

Resolution No. 5 (Special Resolution): To approve the re-appointment and remuneration of Mr. Niraj Gada as Managing Director for three years.

Resolution No. 6 (Special Resolution): To approve the re-appointment and remuneration of Mr. Kaushik Gada as Whole Time Director for three years.

Voting Process and Methods

The voting was conducted through:

1. Remote e-voting: Available from 9:00 AM on September 27, 2026, to 5:00 PM on September 29, 2026, through the platform provided by National Securities Depository Limited (NSDL).

2. E-voting during AGM: Available during the meeting held on September 30, 2026.

The cut-off date for determining voting rights was Wednesday, September 23, 2026.

Key Voting Outcomes

Overall Participation:

  • Total number of shareholders on record date: 5,181
  • Number of shareholders who attended meeting through video conferencing: 35 (Public category)
  • Number of members who cast votes through remote e-voting: 14
  • Number of members who cast votes during AGM: 0
  • Total votes polled across all resolutions: 4,001,767 (35.10% of outstanding shares)

Resolution-wise Results:

All six resolutions passed with 100% votes in favor and 0% votes against.

Resolution No. 1:

  • Promoter & Promoter Group: 4,000,000 votes (87.62% of held shares), 100% in favor
  • Public Institutional Holders: 0 votes (0% of held shares)
  • Public - Others: 1,767 votes (0.03% of held shares), 100% in favor
  • Total: 4,001,767 votes (35.10% of outstanding shares), 100% in favor

Resolution No. 2:

  • Promoter & Promoter Group: 4,000,000 votes (87.62% of held shares), 100% in favor
  • Public Institutional Holders: 0 votes (0% of held shares)
  • Public - Others: 1,767 votes (0.03% of held shares), 100% in favor
  • Total: 4,001,767 votes (35.10% of outstanding shares), 100% in favor

Resolution No. 3:

  • Promoter & Promoter Group: 4,000,000 votes (87.62% of held shares), 100% in favor
  • Public Institutional Holders: 0 votes (0% of held shares)
  • Public - Others: 1,767 votes (0.03% of held shares), 100% in favor
  • Total: 4,001,767 votes (35.10% of outstanding shares), 100% in favor

Resolution No. 4:

  • Promoter & Promoter Group: 4,000,000 votes (87.62% of held shares), 100% in favor
  • Public Institutional Holders: 0 votes (0% of held shares)
  • Public - Others: 1,767 votes (0.03% of held shares), 100% in favor
  • Total: 4,001,767 votes (35.10% of outstanding shares), 100% in favor

Resolution No. 5:

  • Promoter & Promoter Group: 4,000,000 votes (87.62% of held shares), 100% in favor
  • Public Institutional Holders: 0 votes (0% of held shares)
  • Public - Others: 1,767 votes (0.03% of held shares), 100% in favor
  • Total: 4,001,767 votes (35.10% of outstanding shares), 100% in favor

Resolution No. 6:

  • Promoter & Promoter Group: 4,000,000 votes (87.62% of held shares), 100% in favor
  • Public Institutional Holders: 0 votes (0% of held shares)
  • Public - Others: 1,767 votes (0.03% of held shares), 100% in favor
  • Total: 4,001,767 votes (35.10% of outstanding shares), 100% in favor

Shareholding Structure:

  • Promoter & Promoter Group: 4,565,300 shares
  • Public Institutional Holders: 766,304 shares
  • Public - Others: 6,068,396 shares
  • Total Outstanding Shares: 11,400,000 shares

Invalid Votes:

There were zero invalid votes across all shareholder categories for all resolutions.

Scrutinizer's Role and Findings

CS Dhirendra Maurya, Practising Company Secretary & Proprietor of D Maurya and Associates (Mem. No. F14132; CP No. 9594), was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting during the AGM.

The scrutinizer confirmed:

  • The remote e-voting period was from September 27-29, 2026
  • 14 members cast votes through remote e-voting
  • 0 members cast votes during the AGM
  • 37 members attended the AGM through VC/OAVM
  • All six resolutions passed with requisite majority
  • The voting process was fair and transparent

Compliance Confirmation

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • Relevant circulars from Ministry of Corporate Affairs and SEBI

The notice of AGM was dispatched via email on September 7, 2026, and an advertisement was published in Business Standard (English) and Navakal (Marathi) on September 10, 2026.