Document Title: Outcome of Board Meeting - Related Party Transactions for Loans
Summary of Key Information:
Nature of Filing / Announcement: Outcome of Board Meeting
Date of Board Meeting / Approval: Saturday, 08th August, 2026
Time of Meeting: 05:30 PM to 06:15 PM
Location of Meeting: Corporate Office of the Company, 503, Venus Business Atlantis, Prahladnagar, Ahmedabad – 380015
Regulatory Disclosures:
The Board of Directors considered and approved the following material related party transactions, subject to approval of shareholders of the company:
- Material related party transaction with Mr. Jayeshkumar Chinulal Shah (Promoter of the company) for borrowing/availing loans
- Material related party transaction with Mrs. Rupalben Jayeshkumar Shah (Promoter of the company) for borrowing/availing loans
- Material related party transaction with M/s. Goldkart Jewels Limited (Promoter Group entity of the company) for borrowing/availing loans
All approvals were made upon the approval and recommendation of the Audit Committee.
The Board also considered and approved:
- Postal Ballot Notice to be sent to shareholders for their approval for material related party transaction(s) to be entered by company with promoter(s) and Promoter Group of the company
- Appointment of M/s Nirav Shah & Associates, Practicing Company Secretaries, Ahmedabad (Membership No. A39412, CP No. 27102) as Scrutinizer for conducting the postal ballot process in a fair and transparent manner