Meeting Details

The 21st Annual General Meeting was held on Tuesday, July 28, 2026, at 11:30 a.m. through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting was convened as per the Notice dated June 25, 2026, issued in compliance with MCA circulars including those dated May 5, 2020, April 8, 2020, April 13, 2020, 09/2023 dated September 25, 2023, and 03/2025 dated September 22, 2025.

Proposed Resolutions and Implications

Four resolutions were put to vote:

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

2. Ordinary Resolution: To reappoint Mr. Brijeshkumar Mittal (DIN: 02161984) as director, who retired by rotation.

3. Special Resolution: To approve consolidation of equity shares from face value of Re. 1/- each to face value of Rs. 10/- each.

4. Special Resolution: For alteration of Capital Clause of Memorandum of Association of the Company.

The share consolidation resolution (Item 3) represents a significant corporate action that would reduce the number of outstanding shares by combining them into higher value shares.

Voting Process and Methods

The voting was conducted through electronic means comprising:

  • Remote e-voting: Available from Saturday, July 25, 2026 (09:00 a.m.) to Monday, July 27, 2026 (05:00 p.m.) through Bigshare Services Private Limited's platform (https://ivote.bigshareonline.com)
  • E-voting at AGM: Electronic voting during the meeting itself

The cut-off date for determining shareholder eligibility to vote was Tuesday, July 21, 2026. Voting rights were proportional to shareholding in the paid-up equity share capital as on this date.

Key Voting Outcomes

Item No. 1: Adoption of Financial Statements

  • Total votes cast: 15,13,17,373
  • In favor: 15,13,17,373 votes (100%)
  • Against: 0 votes (0%)
  • Invalid/Abstain votes: NIL

Item No. 2: Reappointment of Director

  • Total valid votes cast: 12,48,44,780
  • In favor: 12,48,44,675 votes (99.9999%)
  • Against: 105 votes (0.0001%)
  • Invalid/Abstain votes: 2,64,72,593 votes (considered negligible and noted as NIL)

Item No. 3: Share Consolidation

  • Total votes cast: 15,13,17,339
  • In favor: 15,13,17,339 votes (99.9999%)
  • Against: 0 votes (0%)
  • Invalid/Abstain votes: NIL

Item No. 4: Alteration of Memorandum

  • Total valid votes cast: 15,13,17,373
  • In favor: 15,13,17,313 votes (99.9999%)
  • Against: 60 votes (0.0001%)
  • Invalid/Abstain votes: NIL

All resolutions were passed with overwhelming majority support exceeding 99.99% in favor.

Scrutinizer's Role and Findings

Arun Dash, proprietor of M/s. Arun Dash & Associates, Company Secretaries, was appointed as Scrutinizer pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014. His responsibility was limited to scrutinizing the e-voting process and preparing a consolidated report based on reports generated from Bigshare's e-voting system.

The remote e-voting results were unblocked on July 28, 2026, after the AGM conclusion, witnessed by two independent witnesses: Ms. Devika Kharde and Mr. Akshat Somani, who confirmed the process.

Compliance Confirmation

The voting process was conducted in compliance with:

  • Companies Act, 2013 and relevant Rules
  • MCA Circulars regarding e-voting
  • SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

The electronic data and voting records are under the Scrutinizer's custody and will be handed over to Mr. Ankitsingh Rajpoot, Company Secretary & Compliance Officer, for preservation after the Chairman approves and signs the AGM minutes.