Meeting Details
- Type of Meeting: 38th Annual General Meeting (AGM)
- Date: Tuesday, September 29, 2026
- Time: Started at 12:00 PM and concluded at 12:30 PM
- Location: S-112, 1st Floor, Rajiv Gandhi Commercial Complex, Ekta Nagar, Kandivali (West), Mumbai - 400067, Maharashtra, India
- Record Date: Tuesday, September 22, 2026
- Total Shareholders on Record Date: 18,941
Proposed Resolutions and Implications
Four resolutions were proposed and voted upon:
1. Ordinary Resolution: To consider and adopt the audited financial statements of the company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon.
2. Ordinary Resolution: To appoint Ms. Tabassum Azim Shaikh as a director liable to retire by rotation, and being eligible, offers herself for re-appointment.
3. Special Resolution: To approve advancement of any loan/financial assistance/give guarantee/provide security/letter of comfort/letter of support under Section 185 of the Companies Act, 2013.
4. Special Resolution: To approve investments, give loans, guarantees/letter of comfort/letter of support and security under Section 186 of the Companies Act.
Voting Process and Methods
- Remote E-voting: Provided by National Securities Depository Limited (NSDL)
- Remote E-voting Period: Opened on Saturday, September 26, 2026 at 9:00 AM and closed on Monday, September 28, 2026 at 5:00 PM
- Physical Voting: Shareholders present at the AGM who had not exercised remote e-voting were allowed to cast votes through ballot facility
- Ballot Process: One ballot box was kept for polling at the meeting, which was locked in the scrutinizer's presence with identification marks
- Notice Publication: Published in newspapers Active Times and Mumbai Mitra on September 7, 2026
Key Voting Outcomes
Overall Participation
- Total Shareholders Present: 42 (2 Promoters + 40 Public)
- Shareholders Voting: 74 members participated through remote e-voting and physical polling
- Total Votes Cast: 4,734,399 shares representing 24.279% of outstanding shares
Resolution-wise Results:
Resolution 1 - Adoption of Financial Statements
- Total Votes in Favor: 4,733,564 (99.98%)
- Total Votes Against: 835 (0.02%)
- Invalid Votes: Nil
Resolution 2 - Director Re-appointment
- Total Votes in Favor: 4,733,564 (99.98%)
- Total Votes Against: 835 (0.02%)
- Invalid Votes: Nil
Resolution 3 - Section 185 Approval
- Total Votes in Favor: 4,733,564 (99.98%)
- Total Votes Against: 835 (0.02%)
- Invalid Votes: Nil
Resolution 4 - Section 186 Approval
- Total Votes in Favor: 4,731,464 (99.94%)
- Total Votes Against: 2,935 (0.06%)
- Invalid Votes: Nil
Category-wise Voting Breakdown:
Promoter and Promoter Group (4,280,576 shares)
- Votes Polled: 286,555 shares (6.6943% of promoter holdings)
- 100% voted in favor on all resolutions
Public Institutions (0 shares)
- No votes cast from this category
Public Non-Institutions (15,219,435 shares)
- Votes Polled: 4,447,844 shares (29.2248% of public non-institution holdings)
- 99.9812% in favor for resolutions 1-3
- 99.934% in favor for resolution 4
Scrutinizer's Role and Findings
- Scrutinizer: Sandeep A. Dubey, Proprietor of M/s. Sandeep Dubey & Associates, Practicing Company Secretaries
- Appointment Date: August 13, 2026 (Board Meeting)
- Qualifications: Company Secretary, Membership No. 47940
- Responsibilities: Scrutinized remote e-voting and physical voting processes, reconciled votes with company records, and verified authorizations/proxies
- Findings: All resolutions passed by requisite majority, no invalid votes recorded
- Report Date: October 1, 2026
Compliance Confirmation
Confirmation of compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
- Companies (Management and Administration) Rules, 2014
- Secretarial Standards on General Meetings issued by the Institute of Company Secretaries of India