Meeting Details
- Date: Thursday, March 05, 2026
- Time: 3:30 pm
- Location: Conducted through Video Conferencing / Other Audio Visual Means (VC/OAVM)
- Type: Extra Ordinary General Meeting (EOGM)
Proposed Resolutions and Implications
Two ordinary resolutions were proposed:
Resolution No. 1: APPROVAL FOR SALE OF UNDERTAKING OF THE COMPANY AS A MATERIAL RELATED PARTY TRANSACTION UNDER SECTION 188 OF THE COMPANIES ACT, 2013 AND REGULATION 23 OF THE SECURITIES AND EXCHANGES BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.
Resolution No. 2: TO RAISE CAPITAL BY WAY OF QUALIFIED INSTITUTIONS PLACEMENT TO ELIGIBLE INVESTORS THROUGH AN ISSUANCE OF EQUITY SHARES AND/OR OTHER ELIGIBLE SECURITIES.
Voting Process and Methods
- Remote e-voting facility was provided through National Securities Depository Limited (NSDL)
- Cut-off date for voting eligibility: Thursday, February 26, 2026
- Members holding shares in both physical and dematerialized form were eligible to vote
- Members present at EOGM through VC/OAVM who had not voted remotely were allowed to cast votes during the meeting
- E-voting during EOGM was provided pursuant to MCA Circular dated May 05, 2020 read with other circulars
Key Voting Outcomes
Resolution No. 1 Results:
- Total votes cast: 7,714,361 votes from 47 members
- Votes in favor: 0 votes (0.00% of valid votes)
- Votes against: 0 votes (0.00% of valid votes)
- Invalid votes: 8,733,679 votes from 7 members
Resolution No. 2 Results:
- Total votes cast: 16,448,040 votes from 54 members
- Votes in favor: 16,433,040 votes (00% of valid votes) from 53 members
- Votes against: 15,000 votes (00% of valid votes) from 1 member
- Invalid votes: 0 votes from 0 members
Scrutinizer's Role and Findings
Payal Dhamecha, Proprietor of Payal Dhamecha & Associates, Practicing Company Secretary, was appointed as Scrutinizer by the Board of Directors to scrutinize the remote e-voting process.
After closure of e-voting during EOGM, votes were unblocked from NSDL website (www.evoting.nsdl.com) on Thursday, March 05, 2026 at 3:54 pm in the presence of two witnesses:
1. Suman Kumari (A-501, Amardeep enclave, Naroda, Ahmedabad-382330)
2. Dipali Patel (A-10 Krushikunj Society, Vadaj, Ahmedabad - 380013)
The scrutinizer confirmed that all electronic records containing a list of equity shareholders who voted at the EOGM segregated into "For" and "Against" for each resolution have been submitted.
Compliance Confirmation
The voting process was conducted in compliance with:
- Circulars issued by Ministry of Corporate Affairs
- Section 108 of the Companies Act, 2013
- Rule 20 of the Companies (Management and Administration) Rules, 2014 and amendments
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015