Meeting Details

The 24th Annual General Meeting will be held on Thursday, 24th September, 2026, at 04:00 PM IST through Video Conference (VC)/Other Audio Visual Means (OAVM). The venue is deemed to be the Registered Office of the Company at Capitol House, 10 Paras-II, Near Campus Corner, Prahaladnagar, Anand Nagar, Ahmedabad, Gujarat - 380015.

Proposed Resolutions and Implications

Ordinary Business:

1. Item No. 1: Adoption of Annual Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors.

2. Item No. 2: Confirmation of Interim Dividends for FY 2025-26 - First Interim Dividend of ₹4.00 per equity share, Second Interim Dividend of ₹4.00 per equity share, and Third Interim Dividend of ₹4.00 per equity share.

3. Item No. 3: Declaration of Final Dividend of ₹1.00 per equity share of face value ₹10 each for the financial year ended March 31, 2026.

4. Item No. 4: Re-appointment of Ms. Binal Bhukhanwala Gandhi (DIN: 02740504), Non-Executive and Non-Independent Director, who is retiring by rotation.

Special Business:

5. Item No. 5: Special Resolution for payment of commission to Ms. Binal Bhukhanwala Gandhi, Non-Executive and Non-Independent Director, not exceeding 1% of the net profits of the Company computed under Section 198 of the Companies Act, 2013.

6. Item No. 6: Ordinary Resolution for approval of material related party transactions with Wealth First Advisors Private Limited (Promoter Group Company) with an aggregate limit not exceeding ₹52.10 Crores over three financial years (FY 2026-27 to FY 2028-29).

7. Item No. 7: Ordinary Resolution for increase in Authorized Share Capital from ₹11,00,00,000 to ₹12,00,00,000 divided into 1,20,00,000 equity shares of ₹10 each and alteration of the Capital Clause of the Memorandum of Association.

Voting Process and Methods

The Company is providing e-voting facility (Remote E-Voting and E-Voting during the AGM) to shareholders. The Cut-Off date for determining shareholders eligible to vote is Thursday, 17th September, 2026.

Remote E-voting Period: Begins on Monday, 21st September, 2026, at 09:00 AM and ends on Wednesday, 23rd September, 2026, at 05:00 PM.

Voting Methods:

  • Individual shareholders holding securities in demat mode can vote through their depository accounts (CDSL or NSDL)
  • Other shareholders can vote through the e-voting platform at https://ivote.bigshareonline.com
  • Physical attendance and proxy voting are not available for this virtual meeting

Key Voting Information

The voting right of shareholders shall be in proportion to their shareholding in the paid-up equity share capital of the Company as on the cut-off date (17th September, 2026). Members who vote through remote e-voting cannot vote again during the AGM.

Scrutinizer Appointment and Role

The Company has appointed Mr. Kunal Sharma, Practicing Company Secretary (Membership No: FCS 10329 and COP No: 12987), as the Scrutinizer to scrutinize the remote e-voting process and e-voting during the AGM. The Scrutinizer will issue a consolidated report within 48 hours from the conclusion of the meeting.

Compliance with Laws and Regulations

The notice confirms compliance with:

  • Companies Act, 2013 and Rules framed thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant circulars issued by the Ministry of Corporate Affairs and SEBI
  • Secretarial Standard on General Meetings (SS-2)

The entire shareholding of the Company is in dematerialized form. The notice and annual report have been disseminated electronically in compliance with green initiative requirements.

Record Date and Dividend Information

The Record Date has been fixed as Thursday, 17th September, 2026, for determining members eligible for Final Dividend. The dividend, if approved, will be paid/dispatched within 30 days from the date of the AGM through Electronic Clearing Service (ECS).

Tax Deduction at Source (TDS) on Dividend

The document provides detailed TDS provisions under the Income Tax Act, 2025, effective from April 1, 2026, including:

  • Resident shareholder TDS rates (Nil, 10%, or 20% depending on dividend amount and documentation)
  • Non-resident shareholder TDS rates (varies by jurisdiction and treaty benefits)
  • Documentation requirements and deadlines (forms must be submitted by September 16, 2026)
  • Procedures for various shareholder categories including government entities, mutual funds, AIFs, and sovereign wealth funds

Unpaid Dividend Transfer to IEPF

The notice includes a schedule of unpaid dividends due for transfer to the Investor Education and Protection Fund (IEPF), with transfer dates ranging from October 22, 2030, to March 13, 2033, for various dividends declared between 2023 and 2026.