Meeting Details

  • Date: Thursday, September 24, 2026
  • Time: Commenced at 03:45 p.m. IST (instead of the scheduled 03:30 p.m.) and concluded at 04:07 p.m. IST.
  • Location: Held through Video Conferencing (VC), deemed to be at the Registered Office of the Company.
  • Type of Meeting: 33rd Annual General Meeting.

Attendees

  • Directors: All Directors and Chairmen of the Board Committees were present.
  • Auditors: Mr. Atul Gala, Partner of M/s. Bhuta Shah & Co LLP (Statutory Auditors); Mr. Hemanshu Kapadia, Proprietor of M/s. Hemanshu Kapadia & Associates (Secretarial Auditors); Mr. Jayesh Kothari, Proprietor of Jayesh Kothari & Co. (Internal Auditors).
  • Chairman: Mr. Bipin Madhavji Manek, Chairman and Managing Director, chaired the meeting.

Resolutions Proposed

Five resolutions were put to vote via remote e-voting and e-voting at the AGM:

Ordinary Business

1. Resolution 1 (Ordinary): To receive, consider and adopt the Standalone Audited Financial Statement for the financial year ended March 31, 2026, including the Audited Balance Sheet, Change in Equity, Statement of Profit and Loss, Cash Flow Statement, and reports of the Board and Auditors.

2. Resolution 2 (Ordinary): To receive, consider and adopt the Consolidated Audited Financial Statement for the financial year ended March 31, 2026, including the Audited Balance Sheet, Change in Equity, Statement of Profit and Loss, Cash Flow Statement, and Report of Auditors.

3. Resolution 3 (Ordinary): To confirm payment of the 1st Interim Dividend and 2nd Interim Dividend on Equity Shares declared for the financial year 2025-26.

4. Resolution 4 (Ordinary): To appoint a director in place of Mrs. Pravina Bipin Manek (DIN: 00416533), who retires by rotation and offers herself for re-appointment.

Special Business

5. Resolution 5 (Special): To appoint Mr. Chetan Prabhudas Bavishi (DIN: 0197810) as Non-Executive Independent Director for a term of five (5) years.

Voting Process

  • Remote E-Voting Period: Monday, September 21, 2026 (09:00 a.m. IST) to Wednesday, September 23, 2026 (05:00 p.m. IST).
  • E-Voting at AGM: A voting window was opened for fifteen (15) minutes after the meeting concluded at 04:07 p.m., allowing members who had not voted remotely to cast their votes.
  • Scrutinizer: Mr. Hemanshu Kapadia (Membership No.: F3477, CP No.: 2285), Proprietor of M/s. Hemanshu Kapadia & Associates, Practicing Company Secretary, was appointed to scrutinize the remote e-voting and e-voting at the AGM in a fair and transparent manner.
  • Result Announcement: The consolidated result of remote e-voting and e-voting at the AGM was to be announced within two working days of the meeting's conclusion and intimated to the stock exchanges per SEBI Listing Regulations.

Compliance and Procedures

  • The Notice of the AGM along with the Annual Report was emailed to all members with registered email addresses. For shareholders without registered email, a letter was sent providing a web-link to access and download the Annual Report.
  • The Chairman confirmed compliance with the Companies Act, 2013, Rules made thereunder, Secretarial Standards, SEBI Listing Regulations, MCA Circulars, and SEBI Circulars for convening and conducting the AGM via VC.
  • All statutory registers, relevant documents, Auditors' Report, and Secretarial Audit Report were available for electronic inspection by members.
  • The Statutory Audit Report and Secretarial Audit Report had no qualifications/adverse remarks and were taken as read.
  • The company provided a facility for shareholders to send questions in advance to a designated email id, but no questions were received by the due date.
  • The requisite quorum was present at the meeting.