Meeting Details

The 43rd Annual General Meeting was held on Wednesday, September 30, 2026, at 11:00 A.M. at Vyanjan Banquet Hall, 46, First Floor, Oshiwara Link Plaza, Next to Oshiwara Police Station, Near Maheshwari Bhawan, above Vyanjan Sweets, Link Road, Extn, Andheri (West), Mumbai-4000102.

Proposed Resolutions and Implications

Five resolutions were considered:

1. Ordinary Resolution: Receive, consider and adopt the Standalone Financial Statements for the year ended March 31, 2026

2. Ordinary Resolution: Re-appointment of Mr. Vikramjit Singh Gill (DIN: 08875328) as Director who retires by rotation

3. Ordinary Resolution: Appointment of Statutory Auditor

4. Ordinary Resolution: Approval of Material Related Party Transactions

5. Special Resolution: Approval of the Composite Scheme of Arrangement between Visagar Polytex Limited and its Shareholders

Voting Process and Methods

The company provided:

  • Remote e-voting facility through NSDL
  • Voting through ballot paper at the venue of AGM

The cut-off date for determining shareholders entitled to vote was September 23, 2026. The remote e-voting period commenced at 9:00 a.m. on Sunday, September 27, 2026, and ended at 5:00 p.m. on Tuesday, September 29, 2026.

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 292,700,534
  • Total votes cast across all resolutions: 19,836,789
  • Percentage of votes polled on outstanding shares: 6.7772%

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 19,813,552
  • Votes in favor: 19,813,552 (99.88%)
  • Votes against: 23,237 (0.12%)
  • Result: Passed

Resolution 2: Re-appointment of Director

  • Total votes cast: 19,809,552
  • Votes in favor: 19,809,552 (99.86%)
  • Votes against: 27,237 (0.14%)
  • Result: Passed

Resolution 3: Appointment of Statutory Auditor

  • Total votes cast: 19,813,552
  • Votes in favor: 19,813,552 (99.88%)
  • Votes against: 23,237 (0.12%)
  • Result: Passed

Resolution 4: Material Related Party Transactions

  • Total votes cast: 19,676,184
  • Votes in favor: 19,676,184 (99.19%)
  • Votes against: 160,605 (0.81%)
  • Result: Passed

Resolution 5: Composite Scheme of Arrangement

  • Total votes cast: 19,670,558
  • Votes in favor: 19,670,558 (99.16%)
  • Votes against: 166,231 (0.84%)
  • Invalid votes: 16,468,533
  • Result: Passed

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 16,488,533
  • Votes polled: 16,468,533 (99.8787% of shares held)
  • Voted 100% in favor on all resolutions where they participated

Public Institutions

  • Shares held: 0
  • No votes cast

Public Non-Institutions

  • Shares held: 276,212,001
  • Votes polled: 3,368,256 (1.2194% of shares held)
  • Showed varying levels of support across different resolutions

Scrutinizer's Role and Findings

Kirti Sharma, proprietor of M/s. Kirti Sharma & Associates, Practicing Company Secretaries, was appointed as scrutinizer. The scrutinizer ensured the voting process was conducted fairly and transparently, and provided a consolidated report of total votes cast for and against each resolution.

Key scrutinizer findings:

  • Remote e-voting was conducted through NSDL from September 27-29, 2026
  • Votes were unblocked at 3:56 p.m. in presence of two independent witnesses
  • All resolutions were duly approved by shareholders with requisite majority
  • The register of remote e-voting and electronic data will remain in scrutinizer's custody until minutes are approved

Compliance Confirmation

The voting was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard on General Meetings

Additional Information

  • Company CIN: L65990MH1983PLC030215
  • BSE Scrip Code: 506146
  • NSE Scrip Code: VIVIDHA
  • ISIN Code: INE370E01029
  • The annual report and AGM notice dated September 07, 2026, were sent electronically to members with registered email IDs