Meeting Details

  • Date of Annual General Meeting: August 11, 2026
  • Meeting Type: 117th Annual General Meeting
  • Record Date: August 4, 2026 (cut-off date for e-voting)
  • Total Number of Shareholders: 103,020 as of August 4, 2026
  • Meeting Format: Conducted through Video Conferencing/Other Audio Visual Means
  • Shareholder Attendance: 10 Promoters & Promoter Group members and 84 Public shareholders attended via video conferencing

Proposed Resolutions and Implications

Five resolutions were considered at the AGM:

Ordinary Business:

1. Adoption of Audited Financial Statements as at March 31, 2026 together with Reports of Board of Directors and Auditors

2. Reappointment of Mr. Chakor L. Doshi (DIN: 00210949) as Director retiring by rotation

Special Business:

3. Renewal of consultancy contract with Mr. Chakor L. Doshi (Special Resolution)

4. Alteration of Registered Office clause in Memorandum of Association (Special Resolution)

5. Ratification of remuneration of Cost Auditor (Ordinary Resolution)

Voting Process and Methods

The voting was conducted through two methods:

1. Remote e-voting: Conducted between August 8, 2026 (9:00 AM) to August 10, 2026 (5:00 PM) through NSDL

2. E-voting during AGM: Facility provided for members present at the meeting who had not participated in remote e-voting

Voting rights were based on the paid-up value of shares registered in members' names as of the cut-off date (August 4, 2026).

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 67,842,060
  • Total votes polled: 22,090,004 shares (32.5609% of outstanding shares)
  • No invalid votes were recorded across all shareholder categories

Resolution-wise Results:

Resolution 1 (Adoption of Financial Statements):

  • Total votes in favor: 22,088,583 shares (99.9936%)
  • Votes against: 1,421 shares (0.0064%)
  • Result: Passed

Resolution 2 (Reappointment of Director):

  • Data incomplete in tabular section, but scrutinizer report indicates passage

Resolution 3 (Consultancy Contract Renewal - Special Resolution):

  • Promoter & Promoter Group: 0 votes polled (100% abstention)
  • Public Institutions: 73,581 votes polled (14.0747% of holdings), 100% against
  • Public Non-Institutions: 563,728 votes polled (1.2285% of holdings), 98.8411% in favor, 1.1589% against
  • Overall: 557,195 shares in favor (87.4293%), 80,114 shares against (12.5707%)
  • Result: Passed

Resolution 4 (Alter Registered Office Clause - Special Resolution):

  • Promoter & Promoter Group: 21,430,945 votes polled (100% of holdings), 100% in favor
  • Public Institutions: 73,581 votes polled (14.0747% of holdings), 100% in favor
  • Public Non-Institutions: 585,478 votes polled (1.2759% of holdings), 99.7539% in favor, 0.2461% against
  • Overall: 22,088,563 shares in favor (99.9935%), 1,441 shares against (0.0065%)
  • Result: Passed

Resolution 5 (Ratification of Cost Auditor Remuneration):

  • Promoter & Promoter Group: 21,430,945 votes polled (100% of holdings), 100% in favor
  • Public Institutions: 73,581 votes polled (14.0747% of holdings), 100% in favor
  • Public Non-Institutions: 585,478 votes polled (1.2759% of holdings), 99.7530% in favor, 0.2470% against
  • Overall: 22,088,558 shares in favor (99.9935%), 1,446 shares against (0.0065%)
  • Result: Passed

Scrutinizer's Role and Findings

V. N. Deodhar, proprietor of M/s V. N. Deodhar & Co., Company Secretaries, was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting process in a fair and transparent manner.

The scrutinizer compiled details of both remote e-voting and voting during the AGM after unblocking votes in the presence of two witnesses: CA. Hrushikesh V. Deodhar and Mr. Santosh M. Kelkar (not employed by the company).

The scrutinizer confirmed that all resolutions were passed with the requisite majority and are deemed passed as of the AGM date.

Compliance Confirmation

The voting process was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA General Circulars: 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 3/2022, 10/2022, 09/2023, 09/2024, and 03/2025
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015