Date, Location, and Type of Meeting

The 29th Annual General Meeting was held on Wednesday, 30th September 2026, from 04:00 PM to 04:42 PM, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM). The company's registered office is at 14, Aaryans Corporate Park, Nr. Shilaj Railway Crossing, Thaltej, Ahmedabad-380059, Gujarat, India.

Summary of Proposed Resolutions

The AGM notice dated 03rd September 2026 included 12 resolutions:

  • Resolution 1 (Ordinary Business - Ordinary Resolution): To receive, consider, approve, and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with Reports of Directors and Auditors.
  • Resolution 2 (Ordinary Business - Ordinary Resolution): To declare a dividend of 5% i.e. ₹0.10 per share on equity shares for FY ended March 31, 2026.
  • Resolution 3 (Ordinary Business - Ordinary Resolution): To re-appoint Mr. Prerak Pradyumna Shah (DIN: 02805369) as Whole-time Director.
  • Resolution 4 (Special Business - Ordinary Resolution): To appoint Mr. Jayesh Madhusudan Dave (DIN: 01932331) as a Non-executive, Non-independent, Nominee Director.
  • Resolution 5 (Special Business - Special Resolution): To appoint Ms. Bhawika Ogra (DIN: 00508505) as a Non-executive, Independent Director.
  • Resolutions 6 to 12 (Special Business - Ordinary Resolutions): To approve material related party transactions involving subsidiaries and associates, including Dev Info-Tech North America Limited, Dhyey Consulting Services Private Limited, Dynamics Stars LLC, XDuce Corporation, and Byte Technosys Private Limited.

Voting Process and Methods

The voting process was conducted in compliance with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014. Remote e-voting was facilitated through NSDL's platform (https://www.evoting.nsdl.com) from Friday, 25th September 2026 at 09:00 AM IST to Tuesday, 29th September 2026 at 05:00 PM IST. E-voting was also available during the AGM on 30th September 2026. The cut-off date for determining shareholders entitled to vote was Wednesday, 23rd September 2026. The votes were unblocked on 30th September 2026 at around 5:15 PM in the presence of witnesses Mr. Samoil Lokhandwala and Mr. Mayur Nagar.

Key Voting Outcomes

All resolutions were passed with overwhelming majority. The total number of shareholders on the record date was 28,490. Detailed voting results are as follows:

Resolution-wise Results:

  • Resolution 1: Total votes cast: 139 members, 3,79,73,890 shares (99.9929% of valid votes). Votes in favor: 99.9929%, against: 0.0071%.
  • Resolution 2: Total votes cast: 139 members, 3,79,73,890 shares (99.9929% of valid votes). Votes in favor: 99.9929%, against: 0%.
  • Resolution 3: Total votes cast: 136 members, 3,79,48,185 shares (99.9911% of valid votes). Votes in favor: 99.9911%, against: 0.0089%.
  • Resolution 4: Total votes cast: 137 members, 2,44,73,385 shares (99.9870% of valid votes). Votes in favor: 99.9870%, against: 0.0130%.
  • Resolution 5: Total votes cast: 138 members, 3,79,73,385 shares (99.9916% of valid votes). Votes in favor: 99.9916%, against: 0.0084%.
  • Resolutions 6 to 12: Each had similar outcomes, with total votes cast around 138 members and 3,79,73,385 shares, approval rates of 99.9916%, and against votes of 0.0084%.

Shareholder Category Participation:

  • Promoters and Promoter Group: Held 2,18,44,525 shares. Voted only via remote e-voting with 100% approval on all resolutions where they were not interested (abstained on Resolution 3 as interested party).
  • Public Institutions: Held 1,53,920 shares. Did not cast any votes.
  • Public Non-Institutions: Held 3,49,89,213 shares. Participation varied, with approval rates around 99.98% for most resolutions.

No invalid votes were recorded across all categories.

Scrutinizer's Role and Findings

Mr. Murtuza Kaizar Mandorwala, Practicing Company Secretary (M. No. F10745), of Murtuza Mandorwala & Associates, was appointed as the scrutinizer by the Board of Directors on 03rd September 2026. His role was to scrutinize the e-voting process and ascertain the requisite majority. The scrutinizer confirmed that the voting was conducted in accordance with the Companies Act, 2013, SEBI Listing Regulations, and Secretarial Standard-2. The report was issued on 01st October 2026.

Compliance Confirmation

The voting process complied with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable laws. The company adhered to the MCA General Circular No. 03/2025 dated September 22, 2025, and previous circulars.

Additional Information

  • Total shares outstanding: 5,69,87,658.
  • Shareholder attendance: 6 promoters and 55 public shareholders attended via VC/OAVM.
  • The scrutinizer's records will be handed over to the Company Secretary for safekeeping after the Chairman approves the minutes.