Meeting Details

The 32nd Annual General Meeting was held on Monday, September 21, 2026, at 9:00 a.m. IST. The meeting took place at Pavna International School, Aligarh-Agra Highway, Near Mangalayatan Mandir, Sasni, Hathras, Aligarh, Uttar Pradesh, 204216, India.

Proposed Resolutions and Implications

Five resolutions were proposed for shareholder approval:

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

2. Ordinary Resolution: To approve the re-appointment of Mrs. Asha Jain (DIN: 00035024) as a Director, who retired by rotation.

3. Special Resolution: To approve disinvestment of 100% investment held in subsidiary Swapnil Switches Private Limited (SSPL).

4. Special Resolution: To approve disinvestment of 100% investment held in subsidiary Pavna Auto Engineering Private Limited (PAEPL).

5. Special Resolution: To approve the Related Party Transactions of the Company.

Voting Process and Methods

The voting process utilized two methods:

  • Remote e-voting: Facilitated by National Securities Depository Limited (NSDL) on its platform https://www.evoting.nsdl.com/ (Electronic Voting Event Number 141480). The remote e-voting period commenced at 9:00 a.m. IST on Friday, September 18, 2026, and ended at 5:00 p.m. IST on Sunday, September 20, 2026.
  • Voting by ballot paper: Conducted at the physical venue of the AGM for members present who had not voted via remote e-voting.

Key Voting Outcomes

Cut-off Date and Eligible Voters

The cut-off date for determining member eligibility was Monday, September 14, 2026. As of this date, the company had 13,95,30,000 equity shares held across 12,057 folios/accounts.

Total Votes Cast

  • Remote e-voting: 77 members cast their votes through this method.
  • Ballot paper voting: 25 ballot papers were received at the meeting.

Resolution-wise Results

| Item No. | Resolution Type | Votes In Favour | % In Favour | Votes Against | % Against | Invalid Votes | Result |

| 1 | Ordinary | 9,89,73,610 | 99.9916% | 8,347 | 0.0084% | 1,490 | Passed |

| 2 | Ordinary | 1,31,69,607 | 99.9366% | 8,350 | 0.0634% | 8,58,05,490 | Passed |

| 3 | Special | 1,31,69,607 | 99.9366% | 8,350 | 0.0634% | 8,58,05,490 | Passed |

| 4 | Special | 1,31,69,607 | 99.9366% | 8,350 | 0.0634% | 8,58,05,490 | Passed |

| 5 | Special | 1,31,69,607 | 99.9366% | 8,350 | 0.0634% | 8,58,05,490 | Passed |

Participation Breakdown

For Item No. 1:

  • Remote e-voting: 71 members (9,89,72,411 votes) in favour, 6 members (8,347 votes) against
  • Ballot paper: 23 members (1,199 votes) in favour, 0 against, 2 invalid ballots (1,490 votes)

For Item Nos. 2-5 (after excluding interested parties):

  • Remote e-voting: 65 members (1,31,68,408 votes) in favour, 7 members (8,350 votes) against, 5 invalid (8,58,04,000 votes)
  • Ballot paper: 23 members (1,199 votes) in favour, 0 against, 2 invalid (1,490 votes)

Invalid Votes Breakdown

Interested Parties (Item Nos. 2-5, remote e-voting, all cast in favour):

  • Mr. Swapnil Jain (Promoter Group): 40,40,000 votes
  • Mrs. Priya Jain (Promoter Group): Details not specified in vote count
  • Mrs. Asha Jain (Promoter): 5,82,19,600 votes
  • PJ Wealth Management and Consultant Private Limited (Promoter Group): 99,70,400 votes
  • Pawan Jain HUF (Promoter Group): 8,400 votes
  • Total: 8,58,04,000 votes

Ballot Papers Not Counted (All Items):

  • 1 ballot: Member already voted remotely (1,480 votes)
  • 1 ballot: Folio/DP ID-Client ID not found in cut-off date list (10 votes)
  • Total: 1,490 votes

Scrutinizer's Role and Findings

Shantanu Jain, Advocate (Enrol. No. D/2803/2022) of S.B. Jain and Associates, was appointed as Scrutinizer by the Board of Directors at its meeting held on August 24, 2026. The scrutiny was carried out in accordance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of SEBI LODR, and Secretarial Standard SS-2. The unblocking of remote e-votes occurred on September 21, 2026, at 10:00 a.m. in the presence of two witnesses (Ms. Manvi Jain and Ms. Neha Jain).

Compliance Confirmation

The report confirms compliance with applicable laws and regulations including the Companies Act, 2013, SEBI LODR Regulations, 2015, and relevant rules and standards.