Meeting Details

  • Meeting Type: 38th Annual General Meeting (AGM)
  • Meeting Date: September 30, 2026
  • Start Time: 2:00 PM IST
  • End Time: 2:42 PM IST
  • Location: Conducted through Video Conferencing and Other Audio Visual Means (VC/OAVM)
  • Record Date: September 23, 2026
  • Total Shareholders on Record Date: 424,429

Proposed Resolutions and Implications

The AGM considered and voted on 10 resolutions:

1. Ordinary Resolution: Adoption of Standalone and Consolidated Audited Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors.

2. Ordinary Resolution: Declaration of dividend of 10% (₹0.10 per share) on 94,000,000 equity shares of face value ₹1 each for FY 2025-26.

3. Ordinary Resolution: Re-appointment of Mr. Ankit Kedarmal Bankda (DIN: 02359461) as Director retiring by rotation.

4. Ordinary Resolution: Ratification of remuneration payable to M/s M. Goyal & Co., Cost Accountants, as Cost Auditor for FY 2026-27.

5. Ordinary Resolution: Confirmation of appointment of Mr. Rahul Vijay Bankda (DIN: 00827827) as a Director.

6. Special Resolution: Confirmation and approval of appointment of Mr. Rahul Vijay Bankda (DIN: 00827827) as Managing Director and approval of his remuneration.

7. Ordinary Resolution: Confirmation of appointment of Mrs. Rinki Ankit Bankda (DIN: 06946754) as a Director.

8. Special Resolution: Confirmation and approval of appointment of Mrs. Rinki Ankit Bankda (DIN: 06946754) as Whole-Time Director and approval of her remuneration.

9. Ordinary Resolution: Approval of increase in remuneration payable to Mr. Ankur Vijay Bankda, Chief Financial Officer, pursuant to Section 188(1)(f) of Companies Act, 2013.

10. Special Resolution: Re-appointment of Mrs. Ruchi Jindal (DIN: 09633465) as a Woman Independent Director for a second term.

Voting Process and Methods

  • Remote E-voting Period: September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST)
  • E-voting at AGM: Available for members who attended the AGM and had not voted remotely
  • Voting Service Provider: Central Depository Services (India) Limited (CDSL)
  • Voting Website: https://evotingindia.com
  • Vote Unblocking: September 30, 2026 after AGM conclusion, witnessed by Mr. Prathmesh Gogarkar and Mr. Arya Kondalkar

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 940,000,000
  • Total Votes Polled: 481,859,317 shares (51.2616% of outstanding shares)
  • Number of Resolutions: 10
  • All Resolutions Passed: Yes

Shareholder Attendance

  • Promoters/Promoter Group Present through VC: 12 members
  • Public Shareholders Present through VC: 61 members
  • Physical Attendance: 0 members

Resolution-wise Voting Details

Resolution 1: Adoption of Financial Statements
  • Total Votes Polled: 481,859,317 (51.2616%)
  • In Favor: 481,854,217 (99.9989%)
  • Against: 5,100 (0.0011%)
  • Promoter Votes: 475,347,599 (100% in favor)
  • Public Institutions: 5,084,997 (100% in favor)
  • Public Non-Institutions: 1,426,721 (99.6425% in favor, 0.3575% against)
Resolution 2: Dividend Declaration
  • Total Votes Polled: 481,859,317 (51.2616%)
  • In Favor: 481,848,013 (99.9977%)
  • Against: 11,304 (0.0023%)
  • Promoter Votes: 475,347,599 (100% in favor)
  • Public Institutions: 5,084,997 (100% in favor)
  • Public Non-Institutions: 1,426,721 (99.2077% in favor, 0.7923% against)
Resolution 3: Re-appointment of Ankit Kedarmal Bankda
  • Total Votes Polled: 481,859,317 (51.2616%)
  • In Favor: 481,852,192 (99.9985%)
  • Against: 7,125 (0.0015%)
  • Promoter Votes: 475,347,599 (100% in favor)
  • Public Institutions: 5,084,997 (100% in favor)
  • Public Non-Institutions: 1,426,721 (99.5006% in favor, 0.4994% against)
Resolution 4: Ratification of Cost Auditor Remuneration
  • Total Votes Polled: 481,859,317 (51.2616%)
  • In Favor: 481,852,530 (99.9986%)
  • Against: 6,787 (0.0014%)
  • Promoter Votes: 475,347,599 (100% in favor)
  • Public Institutions: 5,084,997 (100% in favor)
  • Public Non-Institutions: 1,426,721 (99.5243% in favor, 0.4757% against)
Resolution 5: Confirmation of Rahul Vijay Bankda as Director
  • Total Votes Polled: 481,859,317 (51.2616%)
  • In Favor: 481,852,596 (99.9986%)
  • Against: 6,721 (0.0014%)
  • Promoter Votes: 475,347,599 (100% in favor)
  • Public Institutions: 5,084,997 (100% in favor)
  • Public Non-Institutions: 1,426,721 (99.5289% in favor, 0.4711% against)
Resolution 6: Appointment of Rahul Vijay Bankda as Managing Director (Special)
  • Total Votes Polled: 481,859,317 (51.2616%)
  • In Favor: 481,850,192 (99.9981%)
  • Against: 9,125 (0.0019%)
  • Promoter Votes: 475,347,599 (100% in favor)
  • Public Institutions: 5,084,997 (100% in favor)
  • Public Non-Institutions: 1,426,721 (99.3604% in favor, 0.6396% against)
Resolution 7: Confirmation of Rinki Ankit Bankda as Director
  • Total Votes Polled: 481,859,317 (51.2616%)
  • In Favor: 481,780,287 (99.9836%)
  • Against: 79,030 (0.0164%)
  • Promoter Votes: 475,347,599 (100% in favor)
  • Public Institutions: 5,084,997 (100% in favor)
  • Public Non-Institutions: 1,426,721 (94.4607% in favor, 5.5393% against)
Resolution 8: Appointment of Rinki Ankit Bankda as Whole-Time Director (Special)
  • Total Votes Polled: 481,859,317 (51.2616%)
  • In Favor: 481,779,547 (99.9834%)
  • Against: 79,770 (0.0166%)
  • Promoter Votes: 475,347,599 (100% in favor)
  • Public Institutions: 5,084,997 (100% in favor)
  • Public Non-Institutions: 1,426,721 (94.4089% in favor, 5.5911% against)
Resolution 9: Approval of Increased Remuneration to CFO (Related Party Transaction)
  • Total Votes Polled: 230,167,718 (24.4859%)
  • In Favor: 225,089,249 (97.7936%)
  • Against: 5,078,469 (2.2064%)
  • Promoter Votes: 223,656,000 (100% in favor) - Note: Promoters were interested parties
  • Public Institutions: 5,084,997 (0.3694% in favor, 99.6306% against)
  • Public Non-Institutions: 1,426,721 (99.141% in favor, 0.859% against)
  • Related Parties Did Not Vote: As noted in scrutinizer's report
Resolution 10: Re-appointment of Ruchi Jindal as Woman Independent Director (Special)
  • Total Votes Polled: 481,859,367 (51.2616%)
  • In Favor: 481,267,254 (99.8771%)
  • Against: 592,113 (0.1229%)
  • Promoter Votes: 475,347,599 (100% in favor)
  • Public Institutions: 5,084,997 (89.8813% in favor, 10.1187% against)
  • Public Non-Institutions: 1,426,771 (94.5626% in favor, 5.4374% against)

Scrutinizer's Role and Findings

  • Scrutinizer: Anish Gupta, Partner of VKMG & Associates LLP
  • Qualification: Company Secretary (FCS-5733)
  • Appointment Date: August 11, 2026 (Board Meeting)
  • Report Date: September 30, 2026
  • Key Responsibilities: Scrutinizing the process of remote e-voting and e-voting at AGM, ensuring fair and transparent process
  • Findings: All resolutions passed with requisite majority. Voting process conducted in fair and transparent manner.
  • Records Maintenance: Scrutinizer maintained all required registers and records, to be handed over to Company Secretary after minutes approval

Compliance with Laws and Regulations

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 44(3)
  • Companies Act, 2013 (Sections 101, 108, 136, 152)
  • Companies (Management and Administration) Rules, 2014
  • SEBI Master Circular dated October 7, 2023
  • MCA Circulars regarding e-voting and virtual meetings
  • Notice and Annual Report sent electronically to shareholders
  • Newspaper advertisements in Business Standard (English) and Pratahkal (Marathi) on September 1 and 8, 2026

Additional Information

  • Total Remote E-voters: 237 members
  • Total E-voters at AGM: 10 members
  • Results Filed with: BSE Limited and National Stock Exchange of India Limited
  • XBRL Filing: In process as of document date (October 1, 2026)