AGM Details

The 32nd Annual General Meeting was held on Monday, 24th August, 2026 at 05:00 P.M. through Video-Conferencing/Other Audio Visual Means. The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

Cut-off Date and Shareholder Base

The cut-off date for determining shareholders entitled to vote was 17th August, 2026. Total number of shareholders on record date was 11,059.

Attendance Details

  • Promoters and Promoter Group present: 3
  • Public shareholders present: 2
  • Shareholders attended through Video Conferencing: Promoters - 2, Public - 33

Remote E-Voting Process

The remote e-voting period remained open from Friday, 21st August, 2026 @ 9:00 am (IST) to Sunday, 23rd August, 2026 @ 5:00 pm (IST). Scrutinizer was Sandip Sheth & Associates, Practicing Company Secretaries.

Voting Results Summary

All five resolutions were passed with requisite majority. There were no invalid votes on agenda items 1 to 5.

Resolution-wise Voting Details

Ordinary Resolution No. 1 - Adoption of Financial Statements

Consideration and Adoption of Audited Financial Statements of the Company (including consolidated financial statements) for the Financial Year ended on March 31, 2026 and Reports of the Board of Directors and the Auditors thereon.

Voting Results:

  • Total shares outstanding: 12,68,10,000
  • Total votes polled: 9,60,82,677 (75.77%)
  • Votes in favor: 9,60,82,617 (99.998%)
  • Votes against: 60 (0.002%)
  • Promoter group voted 9,35,56,660 shares in favor (100% of their votes)
  • Public non-institutions voted 25,26,017 shares (99.998% in favor)

Ordinary Resolution No. 2 - Final Dividend Approval

To Approve the Final Dividend of Rs. 0.10 per Equity Share (5%) of the Face value of Rs 2 Each for the financial year 2025-26.

Voting Results:

  • Total votes polled: 9,60,82,677
  • Votes in favor: 9,60,82,617 (100%)
  • Votes against: 60
  • 64 shareholders voted in favor through remote e-voting
  • 2 shareholders voted against through remote e-voting

Ordinary Resolution No. 3 - Reappointment of Director

To appoint Director in place of Mr. Vipul Haridas Thakkar (DIN: 00169558), who retires by rotation at this Annual General Meeting.

Voting Results:

  • Total votes polled: 6,92,52,917 (54.61% of outstanding shares)
  • Votes in favor: 6,92,52,857 (99.998%)
  • Votes against: 60 (0.002%)
  • Promoter group voted 6,67,26,900 shares in favor (70.48% of their holding)
  • 62 shareholders voted in favor through remote e-voting

Ordinary Resolution No. 4 - Reappointment of Director

To appoint Director in place of Mr. Minesh Vinodchandra Doshi (DIN: 00306106), who retires by rotation at this Annual General Meeting.

Voting Results:

  • Total votes polled: 9,60,82,677 (75.77%)
  • Votes in favor: 9,60,82,617 (99.998%)
  • Votes against: 60 (0.002%)
  • Promoter group voted 9,35,56,660 shares in favor (98.82% of their holding)

Special Resolution No. 5 - Reappointment of Independent Director

Re-appointment of Mr. Piyushkumar Mithileshkumar Sinha (DIN: 00484132) as an Independent Director.

Voting Results:

  • Total votes polled: 9,60,82,677
  • Votes in favor: 9,60,82,617 (100%)
  • Votes against: 60
  • 64 shareholders voted in favor through remote e-voting

Notice Dispatch Details

The notice of 32nd Annual General Meeting was sent to 10,594 members by email on 1st August, 2026. For members without registered email addresses (388 members), letters were sent through Ordinary Post on 3rd August, 2026. Annual Report was dispatched in physical mode to 2 shareholders who requested it.

Newspaper Advertisement

The company published notices in Financial Express (English) and Financial Express (Gujarati) on 1st August, 2026 and 2nd August, 2026 respectively.