Meeting Details
- Date: Thursday, 24th September 2026
- Time: Commenced at 04:00 PM IST, concluded at 04:15 PM IST
- Location: Conducted through two-way Video Conference (VC)/Other Audio Visual Means (OAVM)
- Type: 24th Annual General Meeting
Proposed Resolutions and Implications
The following items of business were placed for members' consideration and approval:
Ordinary Business:
1. Adoption of Annual Audited Standalone and Consolidated Financial Statements as at 31st March, 2026 with reports of Directors and Auditors thereon (Through Ordinary Resolution)
2. Confirmation of Interim Dividend for the F.Y. 2025-26 (Through Ordinary Resolution)
3. Declaration of Final Dividend of Rs. 1.00 per equity share (@10%) for the F.Y 2025-26 (Through Ordinary Resolution)
4. Re-appointment of Ms. Binal Bhukhanwala Gandhi as a Non-Executive and Non-Independent Director who retires by rotation (Through Ordinary Resolution)
Special Business:
5. Approval for payment of Commission to Ms. Binal Bhukhanwala Gandhi, Non-Executive and Non-Independent Director (Through Special Resolution)
6. Approval of Material Related Party Transaction proposed to be entered into by the Company (Through Ordinary Resolution)
7. Approval of Increase in Authorized Capital of the Company and alteration of the Capital Clause of the Memorandum of Association (Through Ordinary Resolution)
Voting Process and Methods
- Remote e-voting period: Monday, 21st September 2026 (09:00 AM) to Wednesday, 23rd September 2026 (05:00 PM)
- Voting methods: Remote e-voting facility and e-voting during the AGM for members who hadn't voted previously
- Service provider: Bigshare Services Private Limited facilitated voting and AGM participation through VC/OAVM
Scrutinizer Appointment
- Name: CS Kunal Sharma, Practicing Company Secretary
- Role: To scrutinize the e-voting process in a fair and transparent manner
- Report timeline: Voting results along with Scrutinizer's Report to be submitted to stock exchanges on or before 28th September 2026
Compliance with Regulations
The meeting was conducted in accordance with:
- Section 103 of the Companies Act, 2013 (quorum requirements)
- Circulars issued by Ministry of Corporate Affairs (MCA)
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The requisite quorum for convening the Annual General Meeting was present
Signatories and Roles
- Ashish Navnitlal Shah: Managing Director (DIN: 00089075)
- Role: Chairperson of the meeting and signatory to the proceedings
- Siddharth Shah: Independent Director who chaired proceedings for items where Mr. Ashish Shah was deemed interested
- Company Secretary: Conducted welcome and procedural announcements (name not specified)
Additional Information
- The Report of Board of Directors, Accounts for FY 2025-26, and Notice convening the 24th AGM were taken as read
- There were no qualifications in the Audit Report
- The meeting included overview of financial performance for FY 2025-26 by the Chairperson
- Results will be uploaded on the company website and Bigshare website after receipt of Scrutinizer Report