Meeting Details

The 53rd Annual General Meeting was held on Wednesday, September 23, 2026 through Video Conferencing. The proceedings were deemed to be conducted at the Registered Office of the Company at Rupam Building, 3rd Floor, 239 P. D'Mello Road, Near G.P.O., Mumbai - 400 001.

Proposed Resolutions and Implications

The following six resolutions were proposed for shareholder approval:

Ordinary Business:

1. Consideration and adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026 together with reports of Board of Directors and Auditors

2. Appointment of Shri Govardhan Murlidhar Dhoot (DIN: 01240086) as Executive Director, who retires by rotation

3. Appointment of M/S S.N. Nanda and Co., Chartered Accountants as Statutory Auditors for five consecutive years and fix their remuneration

4. Ratification of remuneration payable to Rampurawala Mohammed A & Co. - Cost Accountants, the Cost Auditors of the Company for financial year 2026-27

5. Approval of materiality of related party transactions

Special Business:

6. Appointment of M/S L. N. Joshi & Co., as Secretarial Auditors from conclusion of 53rd AGM till conclusion of 58th AGM

Voting Process and Methods

The Company extended e-voting facility including both Remote e-voting and E-voting at the 53rd AGM.

  • Remote e-voting was available through NSDL from Saturday, September 19, 2026 at 09:00 AM to Tuesday, September 22, 2026 at 05:00 PM
  • E-voting during the AGM was provided for members attending through VC/OAVM who did not participate in remote e-voting
  • Cut-off date for determining voting rights was Wednesday, September 16, 2026
  • Mr. B.M. Maheshwari, Proprietor of M/s. BMM and Associates, Advocate was appointed as Scrutinizer

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 15,828,248
  • Total votes polled across all resolutions: 5,747,233 shares (36.31% participation)

Resolution-wise Results:

Item 1 - Adoption of Financial Statements (Ordinary Resolution)

  • Total votes polled: 5,747,233
  • Votes in favor: 5,746,390 (99.9853%)
  • Votes against: 843 (0.0147%)
  • Promoter group: 5,643,030 votes (100% in favor)
  • Public institutions: 17,505 votes (100% in favor)
  • Public non-institutions: 86,698 votes (99.0277% in favor, 0.9723% against)

Item 2 - Re-appointment of Govardhan Dhoot (Ordinary Resolution)

  • Total votes polled: 5,747,233
  • Votes in favor: 5,745,489 (99.9697%)
  • Votes against: 1,744 (0.0303%)
  • Promoter group: 5,643,030 votes (100% in favor)
  • Public institutions: 17,505 votes (100% in favor)
  • Public non-institutions: 86,698 votes (97.9884% in favor, 2.0116% against)

Item 3 - Appointment of Statutory Auditors (Ordinary Resolution)

  • Total votes polled: 5,747,233
  • Votes in favor: 5,746,389 (99.9853%)
  • Votes against: 844 (0.0147%)
  • Promoter group: 5,643,030 votes (100% in favor)
  • Public institutions: 17,505 votes (100% in favor)
  • Public non-institutions: 86,698 votes (99.0265% in favor, 0.9735% against)

Item 4 - Ratification of Cost Auditors' Remuneration (Ordinary Resolution)

  • Total votes polled: 5,747,233
  • Votes in favor: 5,746,299 (99.9837%)
  • Votes against: 934 (0.0163%)
  • Promoter group: 5,643,030 votes (100% in favor)
  • Public institutions: 17,505 votes (100% in favor)
  • Public non-institutions: 86,698 votes (98.9227% in favor, 1.0773% against)

Item 5 - Approval of Related Party Transactions (Ordinary Resolution)

  • Total votes polled: 104,203
  • Votes in favor: 85,819 (82.3575%)
  • Votes against: 18,384 (17.6425%)
  • 17 invalid votes from promoter group holding 5,643,030 shares (voted in favor but excluded as per SEBI LODR Regulation 23(4))

Item 6 - Appointment of Secretarial Auditors (Special Resolution)

  • Total votes polled: 5,747,233
  • Votes in favor: 5,746,389 (99.9853%)
  • Votes against: 844 (0.0147%)
  • Promoter group: 5,643,030 votes (100% in favor)
  • Public institutions: 17,505 votes (100% in favor)
  • Public non-institutions: 86,698 votes (99.0265% in favor, 0.9735% against)

Scrutinizer's Role and Findings

Mr. B.M. Maheshwari was appointed as Scrutinizer on August 12, 2026. His responsibilities included:

  • Ensuring fair and transparent voting process
  • Scrutinizing remote e-voting and e-voting during AGM
  • Tabulating votes cast through both methods
  • Submitting combined scrutinizer's report

The scrutinizer unblocked remote e-voting results on September 23, 2026 in the presence of witnesses Ms. Deepshikha Jain and Ms. Prachi Jain. All voting records will remain in his custody until minutes are approved and signed.

Compliance Confirmation

The voting process complied with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard-2 on General Meetings
  • MCA General Circular No. 03/2025 dated September 22, 2025
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026