Meeting Details

The 16th Annual General Meeting was held on Tuesday, September 29, 2026 through Video Conferencing (VC) / Other Audio Video Means (OAVM). The remote e-voting period commenced at 9:00 a.m. on 25th September, 2026 and concluded at 5:00 p.m. on 28th September, 2026. The cut-off date for determining shareholders entitled to vote was 22nd September, 2026.

Proposed Resolutions and Implications

Nine resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Adoption of Financial Statements

2. Ordinary Resolution: Re-appointment of Director liable to retire by rotation

3. Special Resolution: Appointment of Mr. Gagan Mittal (DIN: 00593377) as Chairman and Managing Director

4. Special Resolution: Approval of material related party transaction limits with United Polyfab Private Limited for FY 2026-27

5. Special Resolution: Approval of material related party transaction(s) with United Techfab Limited (formerly United Techfab Private Limited) for FY 2026-27

6. Special Resolution: Approval of material related party transaction(s) with United Cotfab Limited for FY 2026-27

7. Special Resolution: Approval of material related party transaction(s) with Vinod Spinners Private Limited for FY 2026-27

8. Special Resolution: Appointment of Paliwal and Company Practising Company Secretaries as the Secretarial Auditors

9. Ordinary Resolution: Ratification of remuneration payable to Cost Auditor for FY 2026-27

Voting Process and Methods

The voting was conducted through remote e-voting via the National Securities Depositories Limited platform (https://evoting.nsdl.com/) as well as e-voting during the AGM. The votes were unblocked at 01:25 p.m. on 30th September, 2026 in the presence of two independent witnesses: Mr. Ankush Pandey and Ms. Hetal Kodaval.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 18,46,24,327 (90.60% in favor) + 2,60,685 (100% against) = 20,48,85,012 valid votes
  • Invalid votes: 1,91,57,097
  • Number of members voted: 71

Resolution 2: Re-appointment of Director

  • Total votes cast: 18,46,24,327 (90.60% in favor) + 2,60,685 (100% against) = 20,48,85,012 valid votes
  • Invalid votes: 1,91,57,097

Resolution 3: Appointment of Mr. Gagan Mittal as Chairman & MD

  • Total votes cast: 18,46,89,327 (90.60% in favor) + 1,95,685 (100% against) = 20,48,85,012 valid votes
  • Invalid votes: 1,91,57,097
  • Number of members voted: 72

Resolution 4: RPT with United Polyfab Private Limited

  • Total votes cast: 12,92,26,827 (87.09% in favor) + 1,95,685 (100% against) = 14,84,22,512 valid votes
  • Invalid votes: 1,91,57,097

Resolution 5: RPT with United Techfab Limited

  • Total votes cast: 12,92,26,327 (87.09% in favor) + 1,96,185 (100% against) = 14,84,22,512 valid votes
  • Invalid votes: 1,91,57,097
  • Number of members voted: 66

Resolution 6: RPT with United Cotfab Limited

  • Total votes cast: 12,92,26,327 (87.09% in favor) + 1,96,185 (100% against) = 14,84,22,512 valid votes
  • Invalid votes: 1,91,57,097
  • Number of members voted: 66

Resolution 7: RPT with Vinod Spinners Private Limited

  • Total votes cast: 12,91,61,327 (87.08% in favor) + 2,61,185 (100% against) = 14,84,22,512 valid votes
  • Invalid votes: 1,91,57,097
  • Number of members voted: 65

Resolution 8: Appointment of Secretarial Auditors

  • Total votes cast: 18,46,89,327 (90.60% in favor) + 1,95,685 (100% against) = 20,48,85,012 valid votes
  • Invalid votes: 1,91,57,097
  • Number of members voted: 72

Resolution 9: Ratification of Cost Auditor Remuneration

  • Total votes cast: 18,46,24,327 (90.60% in favor)
  • Invalid votes: 1,91,57,097
  • Number of members voted: 71

Scrutinizer's Role and Findings

CS Alpesh Paliwal, proprietor of M/s. Paliwal & Co., Company Secretaries, was appointed as the Scrutinizer to scrutinize the e-voting process in a fair and transparent manner. The scrutinizer confirmed that all procedures were followed appropriately and maintained electronic records of shareholder votes including name, address, folio number, number of shares held, and voting preferences.

Compliance Confirmation

The disclosure confirms compliance with Section 108 of the Companies Act, 2013 read with Rule 20(4)(xi) and Rule 21(2) of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.