Meeting Details
The 43rd AGM will be held on Tuesday, 29th September 2026 at 12:00 noon (IST) at the company's registered office: Office 304, 305, Scarlet Gateway, B/H Ashwaraj Bunglows, Prahladnagar Corporate Road, Manekbag, Ahmedabad, Gujarat, India, 380015.
Ordinary Business Items
Item No. 1: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended on March 31, 2026 along with the Reports of the Board of Directors and Auditors.
Item No. 2: To reappoint Mr. Ravindra Ashokbhai Joshi (DIN: 10112296) as Managing Director. He retires by rotation and is eligible for re-appointment. Mr. Joshi was originally appointed on 01/04/2025, holds a B.Com and M.Com from Gujarat University, and has over a decade of experience in corporate management and strategic leadership.
Item No. 3: To appoint M/s. Chandabhoy & Jassoobhoy, Chartered Accountants (FRN: 101648W) as Statutory Auditors of the Company. The appointment is for a term of five consecutive years from the conclusion of this AGM until the conclusion of the 48th Annual General Meeting. The proposed remuneration for FY 2026-27 is ₹3,00,000 plus applicable taxes and reimbursement of out-of-pocket expenses.
Special Business Items
Item No. 4: To increase the Authorized Share Capital and alter the Capital clause in the Memorandum of Association. The proposal seeks to increase authorized share capital from the current ₹35,00,00,000 (divided into 3,47,00,000 Equity Shares of ₹10 each and 3,00,000 Preference Shares of ₹10 each) to ₹50,00,00,000 (divided into 4,97,00,000 Equity Shares of ₹10 each and 3,00,000 Preference Shares of ₹10 each). This represents an increase of ₹15 crore in authorized capital. The Board approved this recommendation in its meeting held on September 07, 2026.
Voting Procedures
The remote e-voting period begins on Saturday, 26th September 2026 at 09:00 AM and ends on Monday, 28th September 2026 at 05:00 PM through NSDL's e-voting system. The record date for determining voting rights is Tuesday, 22nd September 2026. Mrs. Shubhangi Rajkumar Agarwal, Company Secretary, has been appointed as Scrutinizer for the voting process.
Additional Information
The notice includes comprehensive instructions for shareholders regarding proxy appointments, e-voting procedures for both demat and physical shareholders, and requirements for institutional shareholders. The company's RTA is Skyline Financial Services Private Limited, and the ISIN is INE560T01015.
Financial Impact
The increase in authorized share capital will enable future equity issuance capacity. Auditor remuneration for FY 2026-27 is quantified at ₹3,00,000. No other financial impacts are quantified in the disclosure.
Capital Structure Impact
The proposed increase in authorized share capital would expand equity share capacity from 3.47 crore to 4.97 crore shares of ₹10 each, while preference shares remain unchanged at 3 lakh shares.