Report Applicability

  • Annexure I (Part A) related to Compliance Report on Corporate Governance: Applicable (Yes)
  • Annexure I (Part B) related to Investor Grievance Redressal Report: Applicable (Yes)
  • Annexure I (Part C) related to Disclosure of Acquisition of Shares in Unlisted Companies: Not Applicable (NA)
  • Annexure I (Part D) related to Disclosure of Imposition of Fine or Penalty: Not Applicable (NA)
  • Annexure I (Part E) related to Disclosure of Updates to Ongoing Tax Litigations: Not Applicable (NA)
  • Annexure I (Part F) related to Disclosure Of Loans/Guarantees: The company confirmed it has not provided any loans, guarantees, comfort letters, or securities.

Corporate Governance Structure

Board of Directors Composition

  • Shivaji Ramchandra Mohite: Managing Director (DIN: 00425441)
  • Mrs. Sejal Sagar Terane: Non-Executive, Non-Independent Director (DIN: ASAPT6460F10768337; Appointment Date: 30-09-2024)
  • Mr. Sangramsinh Subhashrao Nimbalkar: Non-Executive, Independent Director (DIN: AAMPN3877A00508548; Appointment Date: 09/03/2026)

Committee Composition and Meetings

Five committees were active, all with a regular chairperson appointed:

1. Audit Committee: Chairperson - Nikhil Vijay Nawandhar; Members: Bhushan Madhukar Deshpande, Sangramsinh Subhashrao Nimbalkar, Abhay Shamrao Bhide. All appointments are current with no cessations.

2. Nomination & Remuneration Committee: Chairperson - Nikhil Vijay Nawandhar; Members: Bhushan Madhukar Deshpande, Sangramsinh Subhashrao Nimbalkar.

3. Stakeholders Relationship Committee: Chairperson - Nikhil Vijay Nawandhar; Members: Sangramsinh Subhashrao Nimbalkar, Abhay Shamrao Bhide.

4. Risk Management Committee: Chairperson - Shivaji Ramchandra Mohite; Members: Abhay Shamrao Bhide, Nikhil Vijay Nawandhar.

5. Corporate Social Responsibility Committee: Chairperson - Shivaji Ramchandra Mohite; Members: Abhay Shamrao Bhide, Nikhil Vijay Nawandhar.

Meeting Details for the Quarter (Q1 FY2027)

Board of Directors Meetings

  • Dates: May 14, 2026, and May 30, 2026.
  • Quorum: Requirement was met for both meetings (Yes).
  • Attendance: 6 directors present in each meeting, including 3 independent directors.
  • The maximum gap between consecutive meetings was 15 days.

Committee Meetings

Multiple meetings were held for each committee during the quarter:

  • Audit Committee: Met on May 14, 2026 (4 members present), and May 30, 2026 (4 members present, including 3 independent directors).
  • Nomination & Remuneration Committee: Met on May 14, 2026 (3 members present, all independent), and May 30, 2026 (3 members present, all independent).
  • Stakeholders Relationship Committee: Met on May 14, 2026 (3 members present, 2 independent), and May 30, 2026 (3 members present, 2 independent).
  • Risk Management Committee: Met on May 14, 2026 (3 members present, 1 independent).
  • Corporate Social Responsibility Committee: Met on May 14, 2026 (3 members present, 1 independent).

All meetings were conducted with the required quorum.

Governance Affirmations

The company affirmed full compliance with SEBI LODR Regulations on the following:

  • The composition of the Board of Directors is in terms of regulations.
  • The composition of all committees (Audit, Nomination & Remuneration, Stakeholders' Relationship, Risk Management, CSR) is in terms of regulations.
  • Committee members have been made aware of their powers, role, and responsibilities.
  • Meetings of the board and committees were conducted as specified.
  • This report has been placed before the Board of Directors.

Investor Grievance Redressal

  • Investor complaints pending at the beginning of the quarter: 0
  • Investor complaints received during the quarter: 0
  • Investor complaints disposed of during the quarter: 0
  • Investor complaints remaining unresolved at the end of the quarter: 0

Other Disclosures

  • Acquisition of Shares in Unlisted Companies: Not applicable. No details were provided.
  • Imposition of Fine or Penalty: Not applicable. No fines or penalties were reported.
  • Updates to Ongoing Tax Litigations: Not applicable. No updates on tax disputes were provided.

Submission Details

  • Type of Submission: Original
  • SCORE Registration ID: r00204
  • Signature Date: July 18, 2026