Meeting Details

  • Date of Meeting: Tuesday, September 29, 2026
  • Time: 03:08 PM to 03:40 PM
  • Type: Annual General Meeting (AGM)
  • Mode: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Record Date: September 22, 2026
  • Total Shareholders on Record Date: 38,503

Proposed Resolutions and Implications

The AGM considered four ordinary resolutions:

1. Resolution No. 1: To receive, consider and adopt the Audited Standalone Statement of the Company including Balance Sheet as at March 31, 2026, Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Directors' and the Auditors' Report thereon.

2. Resolution No. 2: To appoint a director in place of Mr. Manojkumar Jain (DIN: 02190018) who retires by rotation and being eligible, offers himself for re-appointment.

3. Resolution No. 3: To Ratify Cost Auditors' Remuneration

4. Resolution No. 4: Appointment of Ms. Vaishaliben Sanjaybhai Jain (DIN: 11450105) as Independent Director of the Company

Voting Process and Methods

The voting process included two methods:

  • Remote E-Voting: Conducted through NSDL from September 26, 2026 (09:00 AM) to September 28, 2026 (05:00 PM)
  • E-Voting during AGM: Electronic voting facility provided to shareholders present at the AGM through VC/OAVM who had not cast their vote earlier

The votes were unblocked on September 29, 2026 after the conclusion of the AGM, witnessed by Mr. Bhargav Tank and Ms. Kanishka Chopra.

Key Voting Outcomes

Resolution No. 1 - Adoption of Financial Statements

  • Total Votes Cast: 33,907,451 shares
  • In Favor: 33,905,350 shares (99.99%)
  • Against: 2,101 shares (0.01%)
  • Invalid Votes: None
  • Promoter Voting: 33,342,810 shares voted 100% in favor

Resolution No. 2 - Re-appointment of Director

  • Total Votes Cast: 33,907,451 shares
  • In Favor: 33,876,200 shares (99.91%)
  • Against: 31,251 shares (0.09%)
  • Invalid Votes: None
  • Promoter Voting: 33,342,810 shares voted 100% in favor

Resolution No. 3 - Ratification of Cost Auditor Remuneration

  • Total Votes Cast: 33,907,451 shares
  • In Favor: 33,876,200 shares (99.91%)
  • Against: 31,251 shares (0.09%)
  • Invalid Votes: None
  • Promoter Voting: 33,342,810 shares voted 100% in favor

Resolution No. 4 - Appointment of Independent Director

  • Total Votes Cast: 33,907,451 shares
  • In Favor: 33,876,000 shares (99.91%)
  • Against: 31,451 shares (0.09%)
  • Invalid Votes: None
  • Promoter Voting: 33,342,810 shares voted 100% in favor

Participation Breakdown by Shareholder Category

Overall Participation

  • Promoters & Promoter Group: 5 members attended through VC
  • Public: 71 members attended through VC
  • Total Shareholders Voting: 44 members participated in remote e-voting

Category-wise Voting Details (All Resolutions)

  • Promoter & Promoter Group: Held 33,342,810 shares, voted 100% in favor on all resolutions
  • Public Institutions: No votes recorded
  • Public Non-Institutions: Held 564,641 shares, voted with approximately 94.43-94.47% in favor across different resolutions

Scrutinizer's Role and Findings

Umesh Ved, Proprietor of Umesh Ved & Associates, Company Secretaries, was appointed as Scrutinizer for the voting process. His responsibilities included:

  • Scrutinizing the Remote E-Voting process and E-voting conducted during the AGM
  • Preparing the Scrutinizer's Report based on reports generated from NSDL's e-voting system
  • Certifying that all resolutions were passed with requisite majority
  • Maintaining custody of electronic data and relevant records until handed over to the Company Secretary

Compliance with Laws and Regulations

The voting process complied with:

  • Section 108 & 109 of the Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • MCA Circulars dated May 5, 2020, April 8, 2020, April 13, 2020, January 13, 2021, June 23, 2021, December 8, 2021, May 5, 2022 and December 28, 2022
  • SEBI Circulars dated May 12, 2020, January 15, 2021, May 13, 2022, January 5, 2023, SEBI/HO/DDHS/P/CIR/2023/0164 (October 6, 2023), and SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/83 (June 5, 2025)
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

  • Scrutinizer appointed at Board Meeting dated: August 26, 2026
  • Scrutinizer's Report issued on: September 30, 2026
  • Company Address: Survey No. 214, Near Water Tank, Bhayla, Ahmedabad, Bavla, Gujarat, India, 382220