Meeting Overview

The 20th Annual General Meeting of Manoj Ceramic Limited was held on Tuesday, 22nd September 2026 at 3:00 PM IST through Video Conferencing/Other Audio Visual Means in compliance with Regulation 30 of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Attendance

Board Members Present:

  • Mr. Dhruv Rakhasiya, Managing Director and Chairman
  • Mrs. Anjana Manoj Rakhasiya, Non-Executive Director
  • Mr. Aakash Manoj Rakhasiya, Executive Director
  • Mr. Pankaj Shantilal Rakhasiya, Chief Financial Officer
  • Mr. Manoj Dharamshi Rakhasiya, Director

Independent Directors Present:

  • Mr. Sunil Hemchand Patel, Independent Director and Chairman of Audit Committee and Stakeholders' Relationship Committee
  • Mr. Chandrashekar Shivalingappa Payannavar, Independent Director and Chairman of Nomination and Remuneration Committee

Voting Procedures

The remote e-voting facility was available to members holding shares as of 15th September 2026 from 9:00 AM IST on 19th September 2026 until 5:00 PM IST on 21st September 2026. Members attending the AGM who hadn't voted remotely could vote during the meeting through facilities provided by Purva Sharegistry (India) Private Limited, the company's Registrar and Transfer Agent.

M/s. KDA & Associates, Practising Company Secretaries, were appointed as Scrutinizer for the voting process. The consolidated voting results were to be announced within two working days and displayed on the company's website (www.mcplworld.com) and Purva Sharegistry's website (https://evoting.purvashare.com), and submitted to the stock exchange.

Financial Performance Update

The Chairman reported that for financial year 2025-26:

  • Revenue grew by 23.40% year-on-year
  • Profit after tax increased by 10.1%

Business Initiatives and Achievements

The company expanded its adhesive portfolio, launched Studio-integrated showrooms, and enhanced export logistics infrastructure. Studio-enabled showrooms in Mumbai, Pune, and Bangalore helped cater to design-conscious homeowners, contractors, and architects.

The company strengthened business relationships across African markets including Burundi, Angola, Sudan, Senegal, and Uganda.

ESG Initiatives

The company focused on sustainable packaging, solar evaluations, employee upskilling, and ethical governance frameworks.

Future Outlook

Priorities for FY 2026-27 and beyond include:

  • Increasing exports to double-digit share of revenue
  • Expanding showroom network to approximately 8-10 experience centers
  • Strengthening digital ecosystem
  • Enhancing premium product mix to support margin expansion
  • Establishing Manoj Ceramic Limited as a globally recognized, technology-enabled surface solutions brand

Documentation and Reports

The Annual Report containing Standalone and Consolidated Audited Financial Statements for FY ended 31st March 2026, including Board's Report and Auditors' Report, was sent electronically to members with registered email addresses. Others received a letter with web-link access.

Statutory Registers and copies of Audited Financial Statements were available for inspection by members via email to compliance@mcplworld.com.

Audit Reports:

  • M/s. Chhogmal & Co., Chartered Accountants (Statutory Auditors) submitted Audit Report
  • M/s. HRU & Associates, Practising Company Secretaries (Secretarial Auditors) submitted Secretarial Audit Report

Both reports contained no qualifications, modified opinions, or adverse remarks.

Business Items Considered

Ordinary Business:

1. To receive, consider and adopt Audited Standalone Financial Statements for FY ended 31st March 2026 with Board of Directors and Auditors reports

2. To receive, consider and adopt Audited Consolidated Financial Statements for FY ended 31st March 2026 with Auditors report

3. To appoint director in place of Mr. Dhruv Rakhasiya (DIN: 03256246) who retires by rotation and offered himself for re-appointment

Special Business:

4. To approve payment of Remuneration to Mr. Manoj Dharamshi Rakhasiya (DIN: 00116309), Executive Director

5. To approve payment of Remuneration to Mr. Aakash Manoj Rakhasiya (DIN: 08452433), Executive Director

6. To approve payment of Remuneration to Mrs. Anjana Manoj Rakhasiya (DIN: 00116276), Non-Executive Director

Meeting Conclusion

The meeting concluded at 3:14 PM IST. The e-voting facility remained open for 15 minutes after closure, concluding at 3:29 PM IST. No speakers had registered and no queries were received during the meeting.