Meeting Details

  • Meeting Type: 13th Annual General Meeting
  • Date: Wednesday, 30th September 2026
  • Time: 02:30 PM to 03:02 PM IST
  • Location: Held through Audio Visual Means (OVAM)/Video Conferencing (VC)
  • Record Date: 23rd September 2026

Proposed Resolutions and Implications

Four resolutions were proposed for shareholder approval:

1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors

2. Ordinary Resolution: For appointment of Mr. Pawan Garg (DIN: 00434836) as Whole Time Director who retires by rotation

3. Ordinary Resolution: To ratify the remuneration payable to Cost Auditor M/s Priyank Patel & Associates

4. Special Resolution: For reappointment of Mr. Piyush Poddar (DIN: 09268033) as an Independent Director for the Second Term

Voting Process and Methods

The voting was conducted through:

  • Remote E-voting: Conducted through National Securities Depository Limited (NSDL)
  • Voting Period: 27th September 2026 (09:00 AM) to 29th September 2026 (05:00 PM)
  • Cut-off Date: 23rd September 2026 (shareholders on record as of this date were eligible to vote)
  • Physical Attendance: Dispensed with pursuant to MCA Circulars
  • Proxy Appointment: Facility dispensed with as per MCA and SEBI circulars

Key Voting Outcomes

Overall Participation

  • Total Shareholders on Record Date: 18,273
  • Shareholders Voting: 38 members
  • Total Votes Cast: 41,249,006 shares
  • Percentage of Outstanding Shares Voted: 71.74% (of total 57,495,825 shares)

Category-wise Shareholding

  • Promoter and Promoter Group: 7 shareholders holding 40,486,032 shares (70.43%)
  • Public Institutions: 0 shareholders holding 0 shares (0%)
  • Public Non-Institutions: 18,266 shareholders holding 17,009,793 shares (29.57%)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements
  • Votes in Favor: 41,249,006 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0
Resolution 2: Appointment of Mr. Pawan Garg
  • Votes in Favor: 41,249,006 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0
  • Note: Includes 40,486,032 shares belonging to promoter group who are related parties to Mr. Pawan Garg
Resolution 3: Ratification of Cost Auditor Remuneration
  • Votes in Favor: 41,249,006 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0
Resolution 4: Reappointment of Mr. Piyush Poddar
  • Votes in Favor: 41,249,006 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0

Category-wise Voting Breakdown

All resolutions received 100% favorable votes from both Promoter Group (40,486,032 shares) and Public Non-Institutions (762,974 shares, representing 4.49% of their category). Public Institutions did not participate in voting.

Scrutinizer's Role and Findings

Mr. Nimit B. Shah, Proprietor of Nimit B. Shah & Co., Chartered Accountants, was appointed as Scrutinizer. His responsibilities included:

  • Ensuring fair and transparent voting process through remote e-voting and e-voting during AGM
  • Scrutinizing votes based on reports generated from NSDL e-voting system
  • Maintaining electronic register recording shareholder particulars and votes
  • Confirming no shares with differential voting rights in the company

The scrutinizer confirmed that all resolutions were passed with requisite majority and the voting process complied with applicable regulations.

Additional Information

The document was submitted to National Stock Exchange of India Limited on October 1, 2026, and copies were uploaded on the company website and NSDL.