Key Dates

  • Original Meeting Date: May 30, 2026
  • Rescheduled Meeting Date: June 6, 2026 (Saturday)
  • Meeting Time: 3:30 p.m.
  • Meeting Venue: Registered Office at 1202, 12th Floor, Esperanza Building, Next to Bank of Baroda, 198 Link Road, Bandra (West), Mumbai - 400050

Agenda Items for the Rescheduled Board Meeting

The Board of Directors is scheduled to consider the following business items:

  • Approval of the Audited Standalone Financial Results for the quarter and financial year ended March 31, 2026, along with the Auditors' Report, pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015.
  • To take on record the Annual Secretarial Compliance Report for FY ended March 31, 2026, prepared by M/s. Madhuri J. Bohra & Associates (COP No: 20329), as required under Regulation 24A of Listing Regulations and Section 204 of the Companies Act, 2013.
  • To consider the appointment of Mr. Jayantilal Suthar (DIN: 07265227) as an Additional Non-Executive Independent Director.
  • To consider the appointment of Mr. Rohit Bhatia (DIN: 10942375) as an Additional Non-Executive Independent Director.
  • To consider the appointment of Ms. Asha Khedia (DIN: 11743210) as an Additional Non-Executive Independent Women Director.
  • To review and consider the reappointment of M/s. Rajesh H Gupta & Co., Chartered Accountants (FRN: 133884W), as the Internal Auditors for FY 2026-27.
  • To take note of compliance done for the quarter and year ended March 31, 2026, under SEBI (LODR) Regulations, 2015.
  • To consider any other items with the permission of the Chairman.

Reasons for Postponement

The primary reason for rescheduling the meeting is the company's inability to submit the Audited Financial Results for the quarter and year ended March 31, 2026, by the prescribed timeline of May 30, 2026, as per Regulation 33 of SEBI (LODR) Regulations, 2015, and SEBI Circular CIR/CFD/CMD-1/142/2018 dated November 19, 2018.

Detailed Reasons for Delay

The delay is attributed to the ongoing reconciliation of inter-branch accounts. The process involves many branches across different locations and includes reconciling inter-branch transactions and confirming balances. The company has been advised that completing these reconciliations is necessary before finalizing the accounts to ensure a true and fair view.

Current Status and Expected Timeline

The Audit Committee and Board Meeting to approve the audited results are now scheduled for June 6, 2026. The company expects to submit the Audited Financial Results immediately upon board approval on that date.

Trading Window Closure

As previously communicated in a letter dated March 27, 2026, the trading window for dealing in the company's securities has been closed since April 1, 2026. It will remain closed until 48 hours after the announcement of the Audited Financial Results by the Board of Directors.