Meeting Details

  • Date of Meeting: Tuesday, September 29, 2026
  • Time: 11:30 A.M. (IST)
  • Location: Conducted through Video Conference/Other Audio Visual Means (VC/OAVM)
  • Type of Meeting: 21st Annual General Meeting
  • Record Date: Tuesday, September 22, 2026
  • Total Shareholders on Record Date: 39,249

Voting Process and Methods

  • Remote E-voting Period: Friday, September 25, 2026 (9:00 A.M.) to Monday, September 28, 2026 (5:00 P.M.)
  • E-voting Provider: National Securities Depository Limited (NSDL)
  • Votes Unblocked: Tuesday, September 29, 2026 in presence of witnesses Mr. Anup Mehta and Mr. Dhiren Nahar
  • Scrutinizer: CS Monali Bhandari, Partner of Mehta & Mehta, Practicing Company Secretaries (appointed August 12, 2026)
  • Shareholder Attendance: 51 shareholders attended through video conferencing (7 Promoters/Promoter Group, 44 Public)

Resolution Summary and Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Description: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Total Votes Cast: 19,353,039 out of 28,034,610 shares (69.03% participation)
  • Results: 19,352,329 in favor (99.996%), 710 against (0.004%)

Resolution 2: Re-appointment of Director - Nemin M. Savadia

  • Type: Ordinary Resolution
  • Director DIN: 00128256
  • Total Votes Cast: 19,353,039 (69.03% participation)
  • Results: 19,352,309 in favor (99.996%), 730 against (0.004%)

Resolution 3: Re-appointment of Director - Santosh S. Vora

  • Type: Ordinary Resolution
  • Director DIN: 07633923
  • Total Votes Cast: 19,353,039 (69.03% participation)
  • Results: 19,352,309 in favor (99.996%), 730 against (0.004%)

Resolution 4: Ratification of Cost Auditor Remuneration

  • Type: Ordinary Resolution
  • Period: Financial Year 2026-27
  • Total Votes Cast: 19,353,039 (69.03% participation)
  • Results: 19,352,329 in favor (99.996%), 710 against (0.004%)

Resolution 5: Shifting of Registered Office

  • Type: Special Resolution
  • Description: Shifting within Maharashtra and amendment in MOA
  • Total Votes Cast: 19,353,039 (69.03% participation)
  • Results: 19,352,029 in favor (99.995%), 1,010 against (0.005%)

Resolution 6: Revision of Terms for Managing Director - Sathiababu K. Kallada

  • Type: Special Resolution
  • Director DIN: 02107652
  • Total Votes Cast: 19,353,039 (69.03% participation)
  • Results: 19,352,309 in favor (99.996%), 730 against (0.004%)

Resolution 7: Re-appointment of Managing Director - Sathiababu K. Kallada

  • Type: Special Resolution
  • Director DIN: 02107652
  • Total Votes Cast: 19,353,039 (69.03% participation)
  • Results: 19,352,309 in favor (99.996%), 730 against (0.004%)

Resolution 8: Revision of Terms for Executive Director - Mahek M. Chheda

  • Type: Special Resolution
  • Director DIN: 06763870
  • Total Votes Cast: 19,353,039 (69.03% participation)
  • Results: 19,352,009 in favor (99.995%), 1,030 against (0.005%)

Resolution 9: Revision of Terms for Executive Director - Nemin M. Savadia

  • Type: Special Resolution
  • Director DIN: 00128256
  • Total Votes Cast: 19,353,039 (69.03% participation)
  • Results: 19,352,009 in favor (99.995%), 1,030 against (0.005%)

Resolution 10: Revision of Terms for Executive Director - Siddharth D. Shah

  • Type: Special Resolution
  • Director DIN: 07263018
  • Total Votes Cast: 19,353,039 (69.03% participation)
  • Results: 19,352,009 in favor (99.995%), 1,030 against (0.005%)

Resolution 11: Material Related Party Transaction with Aarti Industries Limited

  • Type: Ordinary Resolution
  • Promoter Interest: Yes
  • Total Votes Cast: 2,804,292 out of 28,034,610 shares (10.00% participation)
  • Results: 2,803,282 in favor (99.964%), 1,010 against (0.036%)

Resolution 12: Material Related Party Transaction with Valiant Laboratories Limited

  • Type: Ordinary Resolution
  • Promoter Interest: Yes
  • Total Votes Cast: 2,708,551 out of 28,034,610 shares (9.66% participation)
  • Results: 2,707,996 in favor (99.980%), 555 against (0.020%)

Resolution 13: Material Related Party Transaction with Alchemie Speciality Chemicals Private Limited

  • Type: Ordinary Resolution
  • Promoter Interest: Yes
  • Total Votes Cast: 2,804,292 out of 28,034,610 shares (10.00% participation)
  • Results: 2,803,637 in favor (99.977%), 655 against (0.023%)

Resolution 14: Material Related Party Transaction with Valiant Advanced Sciences Private Limited

  • Type: Ordinary Resolution
  • Promoter Interest: Yes
  • Total Votes Cast: 2,708,551 out of 28,034,610 shares (9.66% participation)
  • Results: 2,708,086 in favor (99.983%), 465 against (0.017%)

Resolution 15: Material Related Party Transaction with Alchemie Finechem Private Limited

  • Type: Ordinary Resolution
  • Promoter Interest: Yes
  • Total Votes Cast: 2,804,292 out of 28,034,610 shares (10.00% participation)
  • Results: 2,803,637 in favor (99.977%), 655 against (0.023%)

Shareholder Category Breakdown

All resolutions showed similar voting patterns by category:

  • Promoter & Promoter Group: 10,618,924 shares, 99.62% participation, 100% in favor for all resolutions where they voted
  • Public Institutions: 65,608 shares, 21.59% participation, 100% in favor for all resolutions
  • Public Non-Institutions: 17,350,078 shares, 50.49% participation, >99.99% in favor for most resolutions

Scrutinizer's Findings and Compliance

  • CS Monali Bhandari confirmed all resolutions passed with requisite majority
  • All relevant e-voting records were electronically handed over to the Company Secretary
  • The scrutinizer verified the process was conducted in compliance with Companies Act, 2013 and SEBI Listing Regulations
  • Votes were unblocked in the presence of two independent witnesses