Board Meeting Details

Meeting Date: 3rd September 2026

Commencement Time: 11:30 A.M.

Conclusion Time: 02:00 P.M.

Location: Registered Office of the Company

Key Decisions Approved

1. Annual Report Approval

The Board approved the Annual Report for both Standalone and Consolidated financial statements for the year ended 31st March, 2026. This includes:

  • Notice of Annual General Meeting (AGM)
  • Directors' Report
  • Audit Report
  • Corporate Governance Report
  • Management Discussion and Analysis Report

2. Re-appointment of Managing Director

The Board approved the re-appointment of Mr. Kishor Ostwal as Managing Director, who retires by rotation. This appointment is subject to approval by members at the forthcoming Annual General Meeting.

3. Scrutinizer Appointment

Appointed M/s Mayur More & Associates, Practicing Company Secretaries from Mumbai, as Scrutinizer for the Annual General Meeting for FY 2025-26.

4. Section 186 Approval - Loans and Investments

The Board approved exercising powers under Section 186 of the Companies Act, 2013 to:

(a) Give loans to any person(s) or other body corporate(s)

(b) Give guarantees or provide security in connection with loans to any person(s) or other body corporate(s)

(c) Acquire securities of any other body corporate by way of subscription, purchase or otherwise

Financial Limits:

  • Aggregate limit of loans, investments, guarantees, and securities: ₹25,00,00,000 (Rupees Twenty Crores Only)
  • This amount is over and above the statutory limit of sixty percent of paid-up share capital, free reserves and securities premium account OR one hundred percent of free reserves and securities premium account, whichever is more
  • Investments can be made in one or more tranches as deemed beneficial by the Board

5. Annual General Meeting Details

  • 44th AGM of the Company
  • Date: Wednesday, 30th September, 2026
  • Time: 11:00 a.m. (IST)
  • Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Conducted in accordance with circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India

6. Book Closure Period

The Register of Members and Share Transfer Books will remain closed from Thursday, 24th September, 2026 to Wednesday, 30th September, 2026 (both days inclusive) for the purpose of the AGM.