Meeting Details
The 41st Annual General Meeting was held on Tuesday, September 08, 2026, at 11:00 A.M. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM).
Scrutinizer Appointment
CS Manoj Rajaram Hurkat of Manoj Hurkat & Associates, Practising Company Secretaries, was appointed as scrutinizer by the Board of Directors on 5th August 2026 to scrutinize both remote e-voting and e-voting during the AGM.
Voting Process
Remote E-voting: Period remained open from Saturday, 5th September 2026 (9:00 a.m.) to Monday, 7th September 2026 (5:00 p.m.).
E-voting during AGM: Conducted for members who attended the AGM through VC/OAVM and had not cast their vote through remote e-voting.
Record Date: 1st September 2026
Total Shareholders on Record Date: 1,299
Paid-up Capital: ₹86,26,680 divided into 8,62,668 equity shares of ₹10 each
Voting Results Summary
Six resolutions were put to vote. All resolutions except Resolution No. 6 were passed.
Resolution 1: Ordinary Business - Ordinary Resolution
Description: Adoption of Standalone Audited Financial Statements for the year ended 31st March 2026
Result: PASSED
Total Votes Polled: 550,311 (63.79% of outstanding shares)
- Votes in Favour: 424,606 (77.16% of votes polled)
- Votes Against: 125,705 (22.84% of votes polled)
- Invalid/Unutilized Votes: 50,609 (11.92%)
Resolution 2: Ordinary Business - Ordinary Resolution
Description: Declaration of dividend on equity shares for financial year 2025-26
Result: PASSED
Total Votes Polled: 424,606 (49.22% of outstanding shares)
- Votes in Favour: 424,606 (100% of votes polled)
- Votes Against: 0 (0% of votes polled)
- Invalid/Unutilized Votes: 50,659 (11.93%)
Resolution 3: Ordinary Business - Ordinary Resolution
Description: Re-appointment of Mr. Janmajay V. Gandhi (DIN: 02891386) as Director retiring by rotation
Result: PASSED
Total Votes Polled: 424,606 (49.22% of outstanding shares)
- Votes in Favour: 424,606 (100% of votes polled)
- Votes Against: 0 (0% of votes polled)
- Invalid/Unutilized Votes: 50,659 (11.93%)
Resolution 4: Special Business - Ordinary Resolution
Description: Appointment of Ms. Shaily Dedhia (DIN: 08853685) as Independent Director for five years w.e.f. 5th August 2026
Result: PASSED
Total Votes Polled: 424,656 (49.23% of outstanding shares)
- Votes in Favour: 424,606 (99.99% of votes polled)
- Votes Against: 50 (0.01% of votes polled)
- Invalid/Unutilized Votes: 50,609 (11.92%)
Resolution 5: Special Business - Ordinary Resolution
Description: Appointment of M/s SPAN & Co. as Secretarial Auditor for five consecutive financial years
Result: PASSED
Total Votes Polled: 424,656 (49.23% of outstanding shares)
- Votes in Favour: 424,606 (99.99% of votes polled)
- Votes Against: 50 (0.01% of votes polled)
- Invalid/Unutilized Votes: 50,609 (11.92%)
Resolution 6: Special Business - Ordinary Resolution
Description: Approval of Sale and Purchase Agreement between the Company and Vadilal Industries Limited as Material Related Party Transaction
Result: NOT PASSED
Total Votes Polled: 177,221 (20.54% of outstanding shares)
- Votes in Favour: 907 (0.51% of votes polled)
- Votes Against: 176,314 (99.49% of votes polled)
- Invalid/Unutilized Votes: 423,699 (239.08%)
Special Note for Resolution 6: Pursuant to Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI (LODR) Regulations, 2015, related parties were not permitted to vote on this resolution. The scrutinizer excluded votes of related parties as per the list provided by the Company.
Attendance Details
- Promoters and Promoter Group attended through VC: 8
- Public shareholders attended through VC: 34
- Total attendees through VC: 42
Scrutinizer's Report Submission
Date of Issuance of Report to the company: 10th September 2026
The scrutinizer will return a compact disk (CD)/Excel sheet containing detailed voting records to the Company Secretary for safe keeping.