Meeting Details
- Date: Wednesday, September 30, 2026
- Time: Commenced at 11:00 AM IST, concluded at 11:40 AM IST
- Location: Held through Video Conferencing/Other Audio Visual Means facility without physical presence
- Type: 22nd Annual General Meeting for Financial Year 2025-26
- Compliance: Conducted in accordance with Companies Act 2013 and SEBI Listing Regulations 2015
Proceedings Overview
The meeting was chaired by Mr. Kaushik Damji Gada, Whole Time Director and Chief Financial Officer. The Company Secretary, Mrs. Amita Panchal, commenced proceedings after confirming quorum presence.
Directors and Key Personnel Present
- Mr. Niraj Gada - Managing Director and CEO
- Mr. Kaushik Gada - Whole Time Director and Chief Financial Officer
- Mr. Shlok Gada - Whole Time Director
- Mr. Niken Shah - Independent Director
- Ms. Shreya Ramkrishnan - Independent Director
- Mr. Sreedhar Ayalur - Independent Director
Representatives Present
- Statutory Auditor: M/s. Viren Gandhi & Co.
- Secretarial Auditors & Scrutinizer: D Maurya & Associates
- Internal Auditor: M/s V. J. Shah & Co.
Voting Process
- NSDL was appointed to facilitate video conferencing, remote e-voting, and e-voting during AGM
- Members could cast votes by e-voting during the meeting and for 15 minutes after conclusion if not voted earlier through remote e-voting
- Scrutinizer: CS Dhirendra Maurya, proprietor of D Maurya & Associates, was appointed to scrutinize the remote e-voting and e-voting process
Resolutions Passed
Ordinary Business
1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, including reports of Board of Directors and Auditors - Ordinary Resolution
2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 - Ordinary Resolution
3. Re-appointment of Mr. Kaushik Damji Gada (DIN: 00515876) who retires by rotation - Ordinary Resolution
4. Appointment of M/s Viren Gandhi & Co. (Firm Registration No. 111558W) as Statutory Auditors for five years - Ordinary Resolution
Special Business
5. Re-appointment and remuneration of Mr. Niraj Gada as Managing Director for three years - Special Resolution
6. Re-appointment and remuneration of Mr. Kaushik Gada as Whole Time Director for three years - Special Resolution
Note on Interested Parties
Mr. Kaushik Gada, being interested in Item No. 3, 5 and 6, requested Mr. Niken Shah, Independent Director, to assume the Chair for conducting proceedings regarding these items.
Management Commentary
The management provided an overview of the Company's business operations in Defence and Automotive segments, highlighting key areas of focus for future growth. The Company will focus on leveraging capabilities and established customer relationships while maintaining operational efficiency and cost competitiveness to achieve sustainable growth.
Results Disclosure
The results of remote e-voting were announced and made available on the company website, stock exchange websites (BSE Limited and National Stock Exchange of India Limited), and NSDL website.
Compliance Confirmation
The meeting was conducted in compliance with applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations, 2015 read with relevant circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.