AGM Details
- Date and Time: Saturday, September 26, 2026 at 09:00 a.m. (IST)
- Mode: Video Conference (VC)/Other Audio-Visual Means (OAVM)
- Participation Link: www.evoting.nsdl.com
- E-voting Period: September 23, 2026 (09:00 a.m.) to September 25, 2026 (05:00 p.m.)
- E-voting Cutoff Date: September 19, 2026
- Record Date for Dividend: September 11, 2026
- Book Closure: September 12, 2026 to September 17, 2026 (both days inclusive)
Business to be Transacted
Ordinary Business:
1. Adoption of financial statements: To receive, consider and adopt audited financial statements for FY ended March 31, 2026 along with Reports of Auditors and Board of Directors
2. Declaration of Dividend: To declare dividend of ₹1.50 per equity share for year ended March 31, 2026
3. Appointment of Director: To appoint Shri Mahendrasingh Hada (DIN: 09161284) who retires by rotation and offers himself for re-appointment
Financial Highlights (FY 2025-26)
- Revenue from Operations: ₹8,044.53 lakhs (Previous year: ₹7,493.55 lakhs)
- Other Income: ₹9.99 lakhs (Previous year: ₹18.98 lakhs)
- Profit before Financial Charges, Depreciation and Taxation: ₹1,115.51 lakhs (Previous year: ₹961.67 lakhs)
- Depreciation: ₹221.09 lakhs (Previous year: ₹188.72 lakhs)
- Finance Charges: ₹127.95 lakhs (Previous year: ₹132.33 lakhs)
- Total Tax Expenses: ₹198.07 lakhs (Previous year: ₹168.14 lakhs)
- Profit for the Year: ₹568.40 lakhs (Previous year: ₹472.48 lakhs)
- Total Comprehensive Income: ₹567.83 lakhs (Previous year: ₹463.08 lakhs)
- Dividend Recommended: ₹85.35 lakhs (₹1.50 per share)
- Surplus in Statement of Profit and Loss: ₹2,343.08 lakhs
Capital Structure Changes
- Paid-up Share Capital: Increased from ₹500.00 lakhs to ₹569.00 lakhs during FY 2025-26
- Preferential Issue: Allotted 690,000 equity shares at ₹52 per share (including premium of ₹42) to promoters, raising ₹358.80 lakhs
Corporate Governance
Board of Directors:
- Smt. Tejal Patel - Director
- Shri Mahendrasingh Hada - Whole-Time Director
- Shri Biren Patel - Independent Director
- Shri Ravishankar Gopal - Independent Director
- Shri Sanjay Gupta - Independent Director
Key Managerial Personnel:
- Shri Jasubhai Patel - CFO
- Shri Dharmesh Patel - Company Secretary
Auditors:
- Kantilal Patel & Co. (Chartered Accountants)
- CS Jitendra Pravinbhai Leeya (Secretarial Auditor)
Dividend Information
- Dividend Rate: ₹1.50 per equity share (15%)
- Record Date: September 11, 2026
- Payment Date: On or after October 1, 2026
- Taxation: Dividend income taxable in hands of shareholders with TDS applicable
- Special Note: Dividend to physical shareholders paid only through electronic mode subject to KYC compliance
Voting Procedures
- Remote e-voting through NSDL platform
- Physical shareholders must convert to demat form for voting (mandatory from April 1, 2019)
- Scrutinizer: Shri Ashish Doshi of SPANJ & ASSOCIATES, Practicing Company Secretaries
- Results to be declared within 48 hours of AGM conclusion
Other Material Information
- Manufacturing Unit: Dr. Ambedkar Road, Near G.E.B. Kalol - 382721
- Registrar & Transfer Agent: MUFG Intime India Private Limited
- Bankers: Standard Chartered Bank, Punjab National Bank, Sardar Vallabhbhai Sahakari Bank Ltd.
- CSR Expenditure: ₹11.61 lakhs spent on providing ration kits to needy persons
Important Dates Summary
- AGM Date: September 26, 2026
- Record Date for Dividend: September 11, 2026
- Book Closure: September 12-17, 2026
- E-voting Period: September 23-25, 2026
- Dividend Payment: From October 1, 2026