Meeting Details

The 1st Extra-Ordinary General Meeting for FY 2026-27 was held on Monday, July 06, 2026, through Video Conferencing/Other Audio-Visual Means. The meeting commenced at 11:35 AM and concluded at 11:50 AM.

Attendance

  • 56 Members attended the meeting (all public shareholders)
  • No promoters or promoter group members attended
  • Record date: June 29, 2026 with 8,648 total shareholders

Directors Present

1. Mr. Madhav Doshi - CEO and Managing Director

2. Mr. Devendra Manchanda - Independent Director (Chairman of the meeting)

3. Mrs. Riddhima Doshi - Whole Time Director

4. Mr. Arumugam Sivadasan - Independent Director

5. Ms. Surbhi Yadav - Independent Director

Special Attendees

1. CS Ronak Jhuthawat - Secretarial Auditor and Scrutinizer

2. Mr. Suresh Nyati - Statutory Auditor

Voting Process

Remote e-voting was conducted through CDSL from Friday, July 03, 2026 at 09:00 AM to Sunday, July 05, 2026 at 05:00 PM. Additional e-voting was available during the EGM for 15 minutes for attendees who had not voted remotely.

Resolutions Considered

Three ordinary resolutions were put to vote:

1. Approval for material related party transactions with Madhav Ashok Ventures Private Limited

2. Approval for material related party transactions with Madhav Surfaces (FZC) LLC

3. Approval for material related party transactions with Madhav Natural Stone Surfaces Private Limited

Voting Results

All three resolutions were passed with identical voting patterns:

  • Total outstanding shares: 89,47,000
  • Total valid votes cast: 35,083 (0.3921% of outstanding shares)
  • Votes in favor: 35,083 (100% of votes cast)
  • Votes against: 0 (0% of votes cast)

Breakdown by shareholder category:

  • Promoter and Promoter Group: 40,10,945 shares eligible, 0 votes cast (0% participation)
  • Public Institutions: 52,570 shares eligible, 0 votes cast (0% participation)
  • Public Non-Institutions: 48,83,485 shares eligible, 35,083 votes cast (0.7184% participation)

Scrutinizer Appointment

Dr. CS Ronak Jhuthawat, Partner of Ronak Jhuthawat & Co., was appointed as Scrutinizer in the Board Meeting held on Friday, June 12, 2026. The scrutinizer report was issued on July 06, 2026.

Financial Impact

Financial impact of the approved related party transactions was not quantified in the disclosure.