Meeting Details

The 11th Annual General Meeting was held on Monday, September 21, 2026 at 11:30 AM IST through Video Conferencing/Other Audio Visual Means.

Voting Period

The remote e-voting period commenced on Thursday, September 17, 2026 (09:00 AM IST) and ended on Sunday, September 20, 2026 (05:00 PM IST). The cut-off date for determining shareholders eligible to vote was Monday, September 14, 2026.

Resolutions Considered

Eight resolutions were put to vote:

1. Ordinary Resolution: Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 with Board and Auditor reports

2. Ordinary Resolution: Re-appointment of Mr. Kalpeshkumar Bhagavandas Thakkar (DIN: 07825212) as Executive Director retiring by rotation

3. Special Resolution: Approval for grant of loan, guarantee or security under Section 185 of Companies Act, 2013 - up to aggregate limit of ₹300 Crore

4. Special Resolution: Approval for giving loans, guarantees, security and investments beyond prescribed limits under Section 186 of Companies Act, 2013 - up to aggregate limit of ₹300 Crore

5. Special Resolution: Creation of charges on movable and immovable properties (present and future) in respect of borrowings - up to aggregate limit of ₹300 Crore

6. Special Resolution: Increase in borrowing limits - up to aggregate limit of ₹300 Crore

7. Special Resolution: Appointment of Mr. Ankitkumar Surendrakumar Agrawal (DIN: 10118085) as Independent Director

8. Ordinary Resolution: Ratification of remuneration payable to Cost Auditors for Financial Year 2026-27

Voting Results

All eight resolutions were passed by shareholders with requisite majority. The scrutinizer was B. S. Vyas & Associates, Practicing Company Secretary (Bhargav Vyas, Membership No. A46392).

Shareholder Participation

  • Total shareholders on record date: 1,351
  • Total equity shares voted: 5,752,900 shares (68.6111% of paid-up equity capital)
  • 19 members attended through VC/OAVM (5 promoter group members holding 5,568,800 shares + 14 public members holding 178,200 shares)
  • 20 total members participated in voting

Detailed Voting Breakdown

Resolution 1 (Ordinary - Adoption of Financial Statements):

  • Total votes: 5,752,900 shares (100% in favor)
  • Promoter group: 5,568,800 shares voted (100% in favor)
  • Public non-institutions: 184,100 shares voted (100% in favor)

Resolution 2 (Ordinary - Re-appointment of Mr. Kalpeshkumar Thakkar):

  • Total votes: 5,752,900 shares (100% in favor)
  • Promoter group: 5,568,800 shares voted (100% in favor)
  • Public non-institutions: 184,100 shares voted (100% in favor)

Resolution 3 (Special - Section 185 approvals):

  • Total votes: 5,752,900 shares (99.8957% in favor, 0.1043% against)
  • Promoter group: 5,568,800 shares voted (100% in favor)
  • Public non-institutions: 184,100 shares voted (96.7409% in favor, 3.2591% against - 178,100 for, 6,000 against)

Resolution 4 (Special - Section 186 approvals):

  • Total votes: 5,752,900 shares (99.8957% in favor, 0.1043% against)
  • Promoter group: 5,568,800 shares voted (100% in favor)
  • Public non-institutions: 184,100 shares voted (96.7409% in favor, 3.2591% against - 178,100 for, 6,000 against)

Resolution 5 (Special - Creation of charges):

  • Total votes: 5,752,900 shares (99.8957% in favor, 0.1043% against)
  • Promoter group: 5,568,800 shares voted (100% in favor)
  • Public non-institutions: 184,100 shares voted (96.7409% in favor, 3.2591% against - 178,100 for, 6,000 against)

Resolution 6 (Special - Borrowing limit increase):

  • Total votes: 5,752,900 shares (99.8957% in favor, 0.1043% against)
  • Promoter group: 5,568,800 shares voted (100% in favor)
  • Public non-institutions: 184,100 shares voted (96.7409% in favor, 3.2591% against - 178,100 for, 6,000 against)

Resolution 7 (Special - Appointment of Independent Director):

  • Total votes: 5,752,900 shares (100% in favor)
  • Promoter group: 5,568,800 shares voted (100% in favor)
  • Public non-institutions: 184,100 shares voted (100% in favor)

Resolution 8 (Ordinary - Cost Auditor remuneration):

  • Total votes: 5,752,900 shares (100% in favor)
  • Promoter group: 5,568,800 shares voted (100% in favor)
  • Public non-institutions: 184,100 shares voted (100% in favor)

Scrutinizer Report Details

The scrutinizer's report was issued by B. S. Vyas & Associates on September 22, 2026. The e-voting process was conducted through Bigshare Services Private Limited. The vote unblocking was witnessed by Ms. Juhi Danak and Mr. Tejas Modi on September 21, 2026.