Meeting Details
The 19th Annual General Meeting was held on Wednesday, September 30, 2026 at 11:30 A.M. through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was conducted virtually in compliance with MCA General Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, 02/2022, 10/2022 and SEBI Circulars dated May 12, 2020, January 15, 2021, May 13, 2022, and January 5, 2023, which permitted virtual meetings without physical attendance.
Attendance Statistics:
- Total shareholders present through VC/OAVM: 44
- Promoter & Promoter Group attendees: 1
- Public shareholders attendees: 44
- No shareholders present in person or through proxy
Proposed Resolutions and Implications
Two ordinary resolutions were considered:
1. Resolution 1: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon.
2. Resolution 2: To reappoint Mr. Prashant Thakar (DIN: 03179115), who retires by rotation and being eligible, offers himself for re-appointment, as a director.
The promoter/promoter group had no interest in either resolution.
Voting Process and Methods
Voting was conducted exclusively through remote e-voting facilitated by National Securities Depository Limited (NSDL). The remote e-voting period started on Saturday, September 26, 2026 (9:00 am) and ended on Tuesday, September 29, 2026 (5:00 pm). Shareholders holding shares as of the cut-off date Wednesday, September 23, 2026 were eligible to vote. No postal ballot or physical polling was conducted.
Key Voting Outcomes
Resolution 1 - Financial Statements Adoption
- Total votes cast: 83,459,356 (39.77% of outstanding shares)
- Votes in favor: 83,459,356 (100.0000% of votes polled)
- Votes against: 0 (0.0000% of votes polled)
- Category-wise breakdown:
- Promoter & Promoter Group: 80,419,440 votes (100% in favor)
- Public Institutions: 0 votes
- Public Non-Institutions: 3,039,916 votes (99.96% in favor, 0.03% against)
Resolution 2 - Director Reappointment
- Total votes cast: 83,459,356 (39.77% of outstanding shares)
- Votes in favor: 83,458,356 (99.9900% of votes polled)
- Votes against: 1,000 (0.0010% of votes polled)
- Category-wise breakdown:
- Promoter & Promoter Group: 80,419,440 votes (100% in favor)
- Public Institutions: 0 votes
- Public Non-Institutions: 3,039,916 votes (99.96% in favor, 0.03% against)
Both resolutions were passed successfully.
Scrutinizer's Role and Findings
Ashish C. Doshi, Partner of SPANJ & ASSOCIATES, Company Secretaries, was appointed as scrutinizer. The scrutinizer verified:
- Remote e-voting was conducted from September 26-29, 2026
- Votes were unblocked on September 30, 2026 after the AGM conclusion, witnessed by Hemakshi Patel and Madhavi Radadiya
- All votes were valid with no invalid votes recorded
- No shareholders abstained from voting
- 108 members participated in remote e-voting for Resolution 1
- 104 members participated in remote e-voting for Resolution 2
- No e-voting occurred during the AGM itself
The scrutinizer confirmed the voting process complied with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014.
Compliance Confirmation
The voting process and AGM conduct complied with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
- Relevant MCA and SEBI circulars permitting virtual meetings
- All regulatory requirements for e-voting processes