Meeting Details

  • Date of Postal Ballot Notice: 23rd May, 2026
  • Record Date: 22nd May, 2026
  • Total number of shareholders on record date: 27,360
  • No physical meeting was held as this was conducted entirely through postal ballot/e-voting

Proposed Resolutions and Implications

The postal ballot contained four special resolutions for shareholder approval:

1. Re-appointment of Mr. Pratik Vikram Jakhelia (DIN: 7726752) as an Independent Director of the Company

2. Re-appointment of Mr. Atul Arvind Vasani (DIN: 02107085) as Managing Director and payment of remuneration to him

3. Re-appointment of Mrs. Jagruti Vasani (DIN: 02107094) as Whole-Time Director of the Company

4. Increase in remuneration payable to Mr. Dewansh Ajay Vasani (DIN: 08111804), Director cum Chief Financial Officer

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting facility provided by Central Depository Services (India) Limited (CDSL)
  • Voting period: 4th June 2026 (10:00 AM IST) to 3rd July 2026 (5:00 PM IST)
  • No physical polling or postal ballot forms were used
  • Communication was sent only via email to registered email addresses

Key Voting Outcomes

Resolution 1: Re-appointment of Independent Director

  • Total votes cast: 67,323,543
  • Votes in favor: 67,304,934 (99.97%)
  • Votes against: 18,609 (0.03%)
  • Promoter participation: 41,160,190 votes (abstained as not interested)
  • Public non-institutions participation: 26,163,353 votes

Resolution 2: Re-appointment of Managing Director

  • Total votes cast: 24,149,121
  • Votes in favor: 24,125,716 (99.90%)
  • Votes against: 23,405 (0.10%)
  • Promoters abstained as interested parties
  • Only public non-institutions participated: 24,149,121 votes

Resolution 3: Re-appointment of Whole-Time Director

  • Total votes cast: 24,149,121
  • Votes in favor: 24,143,516 (99.98%)
  • Votes against: 5,605 (0.02%)
  • Promoters abstained as interested parties
  • Only public non-institutions participated: 24,149,121 votes

Resolution 4: Increase in CFO Remuneration

  • Total votes cast: 24,149,121
  • Votes in favor: 24,112,977 (99.85%)
  • Votes against: 36,144 (0.15%)
  • Promoters abstained as interested parties
  • Only public non-institutions participated: 24,149,121 votes

Shareholder Category Participation

  • Promoter and Promoter Group: Held 41,235,290 shares (abstained from voting on resolutions 2, 3, and 4 where they were interested)
  • Public Institutions: Held 0 shares, did not participate
  • Public Non-Institutions: Held 89,226,840 shares, participated significantly across all resolutions

Scrutinizer's Role and Findings

Mr. Hardik Darji, Proprietor of HD And Associates, Practicing Company Secretaries, was appointed as Scrutinizer to ensure the voting process complied with Section 110 of the Companies Act, 2013 and relevant rules.

The scrutinizer verified that:

  • The company used CDSL's e-voting system (EVSN 260602018)
  • All formalities under the Companies Act and SEBI regulations were complied with
  • Votes were counted until the closing time of 5:00 PM IST on 3rd July 2026
  • Invalid votes were properly identified and excluded from results

Compliance with Regulations

The company confirmed compliance with:

  • Section 110 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 44
  • Various MCA Circulars regarding e-voting procedures

Additional Information

  • Corporate Office: 706-709, 7th Floor, Aravali Business Centre, R. C. Patel Road, Off. Sodawala Lane, Borivali (West), Mumbai-400 092
  • The company had 27,360 shareholders as of the record date
  • All resolutions were passed with the requisite majority