Annual General Meeting Details

The 45th Annual General Meeting will be held on Friday, 25th September 2026 at 12:00 Noon IST through Video Conferencing/Other Audio Visual Means without physical attendance of members.

Agenda Items

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended 31st March 2026 with Reports of Board of Directors and Auditors

2. Declaration of final dividend of ₹2.50 per Equity Share (face value ₹10 each) as recommended by Board

3. Re-appointment of Ms. Anar Patel (DIN 01335025) who retires by rotation

Special Business:

4. Ratification of remuneration payable to Cost Auditors M/s. Kiran J. Mehta & Co. - ₹1,70,000 plus taxes for FY 2026-27

5. Appointment of M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for 5 years (FY 2026-27 to 2030-31) at remuneration to be determined

6. Special Resolution for re-appointment of Dr. Himanshu Patel (aged 72 years) as Managing Director for 3 years from 1st August 2026 to 31st July 2029

Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹181.72 crores (Previous year: ₹173.29 crores)
  • Operating Profit (Before Interest & Depreciation): ₹1,957.13 lakhs
  • Finance Cost: ₹84.07 lakhs
  • Profit Before Tax: ₹1,189.51 lakhs
  • Profit After Tax: ₹840.93 lakhs
  • Recommended Dividend: ₹2.50 per share (Total: ₹346.91 lakhs)

Dividend Details

  • Record Date: 18th September 2026
  • Payment: To be made on or before 30 days from date of declaration
  • Dividend will be subject to TDS as per Finance Act, 2020

Board of Directors

  • Mr. Dinesh Patel (Chairman)
  • Dr. Himanshu Patel (Managing Director)
  • Ms. Anar Patel (Director)
  • Mr. Dipak Patel (Independent Director)
  • Mr. Hemang Patel (Independent Director)
  • Mr. Hemendrakumar Shah (Independent Director)

Management Team

  • Mr. Nirmal Patel (Chief Executive Officer)
  • Mr. Vikram Joshi (Chief Finance Officer)
  • Ms. Anal Desai (Company Secretary)

Key Appointments

  • Statutory Auditors: M/s. Shah & Shah Associates, Chartered Accountants
  • Secretarial Auditors: M/s. Kashyap R. Mehta & Partners
  • Cost Auditors: M/s. Kiran J. Mehta & Co.
  • Bankers: Axis Bank Limited, Bank of India
  • RTA: MUFG Intime India Private Limited

Managing Director Re-appointment Terms

Dr. Himanshu Patel's proposed remuneration for 3-year term:

  • Salary: ₹16.50 lakh (2026-27), ₹19.00 lakh (2027-28), ₹21.50 lakh (2028-29)
  • Perquisites: PF, Gratuity, Leave encashment, Company car with driver, telephone facility
  • Commission: 1% of net profits within overall ceilings under Section 197 of Companies Act

Corporate Governance

  • All Directors attended 6 Board Meetings during the year
  • CSR expenditure of ₹25.00 lakh during FY 2025-26
  • Company has 156 employees with cordial industrial relations

Share Capital

  • Paid-up Share Capital: ₹13,87,66,680 as on 31st March 2026
  • Promoter holding: 38.98%
  • Approximately 98.50% shares dematerialized

Operational Highlights

  • Manufacturing license valid till December 2027
  • Domestic market expansion with new customers in premium "Euro head" segment
  • Third-party manufacturing segment scaling up as expected
  • Focus on cost cutting measures and innovative containers for market segmentation

Important Notes

  • AGM will be conducted entirely through VC/OAVM without physical attendance
  • No proxy facility available for this AGM
  • Annual Report sent only through electronic mode
  • E-voting period: 22nd September 2026 (9:00 AM) to 24th September 2026 (5:00 PM)
  • Scrutinizer: Mr. Kashyap R. Mehta of Kashyap R. Mehta & Partners