Meeting Details

The 17th AGM was held on September 17, 2026 from 3:30 PM to 3:37 PM IST through Video Conferencing/Other Audio Visual Means (OAVM). The record date was set as September 10, 2026, with 16,953 total shareholders on record.

Voting Process and Timeline

  • Remote e-voting period: September 14, 2026 (9:00 AM) to September 15, 2026 (5:00 PM)
  • Service provider: Central Depository Services (India) Limited (CDSL)
  • Registrar and Share Transfer Agent: Bigshare Services Private Limited
  • Notice dispatched: August 26, 2026 to members as of August 21, 2026 cutoff date
  • Advertisement published in Free Press Gujarat (English) and Lok Mitra (Gujarati) on August 25, 2026

Voting Results Summary

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Result: PASSED
  • Total votes cast: 13,775,858 (100% of valid votes)
  • Votes in favor: 13,775,858 (100%)
  • Votes against: 0 (0%)
  • Invalid votes: Nil

Resolution 2: Reappointment of Mr. Shalin Ashok Shah (DIN: 002974447)

  • Type: Ordinary Resolution
  • Result: PASSED
  • Total votes cast: 13,764,463
  • Votes in favor: 13,619,416 (98.86%)
  • Votes against: 157,047 (1.14%)
  • Invalid votes: Nil

Resolution 3: Regularization of Mrs. Jhanvi Vikas Sethi (DIN: 08593000)

  • Type: Ordinary Resolution
  • Result: PASSED
  • Total votes cast: 13,764,463
  • Votes in favor: 13,619,416 (98.86%)
  • Votes against: 157,047 (1.14%)
  • Invalid votes: Nil

Resolution 4: Enhancement of Limit for Financial Assistance from Promoter Group

  • Type: Special Resolution
  • Result: PASSED
  • Total votes cast: 13,764,463
  • Votes in favor: 13,619,416 (98.86%)
  • Votes against: 157,047 (1.14%)
  • Invalid votes: Nil

Resolution 5: Related Party Transactions with Rhetan TMT Limited

  • Type: Special Resolution
  • Result: NOT PASSED
  • Total votes cast: 366,463
  • Votes in favor: 236,854 (64.63%)
  • Votes against: 129,609 (35.37%)
  • Invalid votes: Nil

Resolution 6: Related Party Transactions with Ashnisha Industries Limited

  • Type: Special Resolution
  • Result: NOT PASSED
  • Total votes cast: 366,463
  • Votes in favor: 209,416 (57.15%)
  • Votes against: 157,047 (42.85%)
  • Invalid votes: Nil

Resolution 7: Related Party Transactions with Lesha Industries Limited

  • Type: Special Resolution
  • Result: NOT PASSED
  • Total votes cast: 366,463
  • Votes in favor: 209,416 (57.15%)
  • Votes against: 157,047 (42.85%)
  • Invalid votes: Nil

Resolution 8: Related Party Transactions with Gujarat Natural Resources Limited

  • Type: Special Resolution
  • Result: NOT PASSED
  • Total votes cast: 366,463
  • Votes in favor: 209,416 (57.15%)
  • Votes against: 157,047 (42.85%)
  • Invalid votes: Nil

Resolution 9: Related Party Transactions with Lesha Ventures Private Limited

  • Type: Special Resolution
  • Result: NOT PASSED
  • Total votes cast: 366,463
  • Votes in favor: 209,416 (57.15%)
  • Votes against: 157,047 (42.85%)
  • Invalid votes: Nil

Shareholder Participation

  • Total shareholders present through VC/OAVM: 33 (6 Promoters + 27 Public)
  • No shareholders present in person or through proxy
  • Total shares outstanding: 24,996,000
  • Promoter and Promoter Group shares: 13,410,000 (53.65%)
  • Public Institutions shares: 0 (0%)
  • Public Non-Institutions shares: 11,586,000 (46.35%)

Final Determination

Ordinary Resolutions 1 & 2 and Special Resolutions 3 & 4 were passed with requisite majority. Special Resolutions 5, 6, 7, 8 & 9 were not passed due to insufficient majority.