Meeting Details
- Date: Thursday, September 24, 2026
- Time: Commenced at 12:15 PM IST and concluded at 1:05 PM IST
- Venue: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
- Type of Meeting: Annual General Meeting
Proceedings Summary
- The meeting was chaired by Shri Om Prakash Aggarwal, Chairman.
- It was held through VC/OAVM in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI.
- The requisite quorum was present.
- A panel consisting of the Chairman, Mr. Sanjay Aggarwal (Managing Director), and Mr. Manoj Gupta (Chief Financial Officer) addressed the members, sharing the company's vision, strategy, and financial performance for FY 2025-26. The panel also responded to queries from members.
Proposed Resolutions and Implications
Ordinary Business
1. Adoption and Approval of Financial Statements
- A) Standalone Financial Statements: Approval of the Audited Standalone Financial Statement comprising the Balance Sheet as at March 31, 2026, the Statement of Profit and Loss, Cash Flow Statement, and reports of the Board of Directors and Auditors.
- B) Consolidated Financial Statements: Approval of the Audited Consolidated Financial Statement comprising the Balance Sheet as at March 31, 2026, the Statement of Profit and Loss, Cash Flow Statement, and the report of Auditors.
2. Re-appointment of Director: Re-appointment of Mr. Pushap Kumar (DIN: 07864033) as a Non-Executive Director, who was retiring by rotation.
Special Business
3. Ratification of Cost Auditor Remuneration: Ratification of remuneration of INR 0.1 million plus applicable taxes and out-of-pocket expenses payable to M/s Jain Sharma & Associates, Cost Accountants (Firm Regd. No. 000270), for conducting the cost audit for FY 2026-27.
4. Appointment of Secretarial Auditor: Appointment of M/s NJ & Associates, Practicing Company Secretaries (Firm Peer Review No. 1486/2021), as Secretarial Auditor for a term of 5 consecutive years from April 1, 2026, to March 31, 2031, to conduct secretarial audit as required under the Companies Act, 2013 and SEBI Listing Regulations.
5. Variation in IPO Proceeds Utilization: Approval for variation in the objects/terms of utilization of the Initial Public Offering (IPO) proceeds as stated in the Prospectus dated July 1, 2025, for capital expenditure for expansion of the manufacturing facility in Barwasani, Haryana, including an extension of the time limit for utilization.
Voting Process
- The company provided a remote e-voting facility for members to cast votes electronically on all resolutions.
- An electronic voting system (Insta Poll) was also made available during the meeting for members who had not voted via remote e-voting.
- The company opened a 15-minute window during the meeting for e-voting by shareholders who could not cast their vote during the remote e-voting period.
Key Voting Outcomes
The document does not provide specific numerical voting results, total votes cast, percentage in favor/against, or participation breakdown by shareholder category.
Scrutinizer's Role
The document does not mention a scrutinizer or their findings.
Compliance Confirmation
The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI. The remote e-voting was provided in accordance with the Notice of the AGM.