Meeting Details

  • Date: Wednesday, 30th September, 2026
  • Time: Commenced at 4:00 PM IST, concluded at 4:23 PM IST
  • Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Type of Meeting: 39th Annual General Meeting

Proposed Resolutions and Implications

The AGM considered five resolutions as outlined in the notice dated September 04, 2026:

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statement of the Company for the year ended 31st March, 2026, including reports of the Board of Directors and Auditors thereon. (Ordinary Resolution)

2. Re-appointment of Director: To consider the appointment of Mr. Naresh Manakchand Jain (DIN: 00291963), who retired by rotation and offered himself for re-appointment. (Ordinary Resolution)

Special Business

3. Appointment of Independent Director: Appointment of Mr. Pankaj Jain (DIN: 11114458) as Non-Executive, Independent Director for a term of 5 years. (Special Resolution)

4. Appointment of Manager: Appointment of Mr. Harsh Jain as Manager of the company for a term of 5 years. (Ordinary Resolution)

5. Confirmation of Director Appointment: To confirm the appointment of Mr. Suryakant Kadakane Maruti (DIN: 02272617) as a Non-Executive Independent Director for a term of 5 years. (Special Resolution)

Voting Process and Methods

The voting process utilized a remote electronic voting system provided by the RTA (Registrar and Transfer Agent). The facility was available to all members prior to the meeting and remained open for an additional 15 minutes after the meeting concluded (until 4:38 PM IST) to enable eligible members who had not already cast their votes to vote electronically.

Key Voting Outcomes

The document states that all resolutions were approved by the members. However, specific vote counts, percentages, or category-wise breakdowns (Promoters, Public, Institutions) are not provided in the source data. The results of the remote e-voting and e-voting at the AGM along with the scrutinizer report were to be declared within the stipulated time frame and submitted to the stock exchanges.

Scrutinizer's Role

M/s. Suprabhat & Co., Practicing Company Secretary, was appointed as the Scrutinizer to scrutinize the remote e-voting and e-voting conducted during the AGM in a fair and transparent manner. The scrutinizer's specific findings and conclusions are not detailed in this document.

Compliance Confirmation

The meeting was conducted in accordance with the provisions of the Companies Act, 2013 and circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India regarding virtual meetings. The Chairman confirmed compliance with applicable laws and regulations.

Attendees and Proceedings

  • Members Attendance: 43 (Forty-Three) Members attended the AGM through VC/OAVM
  • Quorum: The requisite quorum was present throughout the Meeting
  • Chairman: Mr. Naresh Jain, Non-Executive Director, was elected as Chairman

List of Attendees:

1. Mr. Naresh Jain - Non-Executive Director

2. Ms. Karishma Jain - Executive director and CFO (w.e.f 9th December, 2025)

3. Mr. Suryakant Kadakane Maruti - Non-Executive Independent Director

4. Mr. Pankaj Jain - Additional Non-Executive Independent Director

5. Mr. Harsh Jain - Manager (Key Managerial Personnel)

6. Mr. Vijay Lulla - Erstwhile Resolution Professional/Chairman of the Monitoring Committee

7. Mr. P A Ramaiah (Partner) - Statutory Auditor (M/s. Pavuluri & Co, Chartered Accountants)

8. Mr. Suprabhat Chakraborty - Practicing Company Secretary, Secretarial Auditor (M/s Suprabhat & Co.)

9. M/s R Bhandari & Co. - Practicing Company Secretaries Advisor/Consultant to the Company

Additional Information

The Chairman briefed members on:

  • The status of implementation of the Resolution Plan approved by the Hon'ble NCLT
  • Re-listing related proceedings and consequential corporate and regulatory actions
  • Ongoing statutory, corporate and regulatory processes arising from implementation of the Approved Resolution Plan
  • Transition in the governance framework of the Company
  • Qualifications/observations contained in the Statutory Auditors' Report and Secretarial Audit Report, with corresponding explanations/comments from the Board