Meeting Details
- Meeting Type: 12th Annual General Meeting (AGM)
- Meeting Date: September 29, 2026
- Meeting Time: 11:45 AM to 12:10 PM IST
- Meeting Format: Conducted through video conference/other audio visual means without physical presence
- Record Date: September 22, 2026
Proposed Resolutions and Implications
Six resolutions were put to vote at the AGM:
Ordinary Business:
1. Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026
2. Declaration of final dividend at 10% (Re. 1/- per equity share)
3. Re-appointment of Mrs. Priyanka Richi Choksi (DIN: 07020969) as director retiring by rotation
Special Business:
4. Appointment of M/s. KSPS & Co LLP (LLPIN: ABC-4707) as Secretarial Auditors
5. Approval of Material Related Party Transaction limits with Viviana Life Spaces Private Limited
6. Alteration of Articles of Association for insertion of provisions relating to appointment of Nominee Director by Debenture Trustee
Voting Process and Methods
The company provided dual voting facilities:
- Remote e-voting: Conducted through NSDL from September 24, 2026 (9:00 AM IST) to September 28, 2026 (5:00 PM IST)
- Electronic voting at AGM: For members present through VC/OAVM who hadn't voted remotely
- Scrutinizer: Mr. Kashyap Shah, Proprietor of M/s. Kashyap Shah & Co., Practising Company Secretaries, appointed on September 3, 2026
Key Voting Outcomes
Overall Participation
- Total shareholders on record date: 5,929
- Total outstanding shares: 10,124,800
- Total votes polled: 7,457,131 shares (73.65% of outstanding shares)
- Shareholder attendance: 3 promoters physically present, 35 public shareholders through VC
Resolution-wise Results
Resolution 1 (Financial Statements Adoption):
- Total votes: 7,457,131 (100% in favor)
- Promoter votes: 7,174,622 (100% participation, 100% in favor)
- Public non-institutions: 282,509 votes (9.58% participation, 100% in favor)
Resolution 2 (Dividend Declaration):
- Total votes: 7,457,131 (100% in favor)
- Unanimous approval across all shareholder categories
Resolution 3 (Director Re-appointment):
- Total votes: 7,242,825 in favor, 35 against (99.9995% in favor)
- Promoter votes: 6,960,351 (97.01% participation, 100% in favor)
- Public non-institutions: 282,474 in favor, 35 against (99.9876% in favor)
Resolution 4 (Secretarial Auditor Appointment):
- Total votes: 7,457,131 (100% in favor)
- Unanimous approval across all shareholder categories
Resolution 5 (Related Party Transactions):
- Total votes: 282,509 (100% in favor)
- Specifically concerned related party limits with Viviana Life Spaces Private Limited
Resolution 6 (AoA Alteration):
- Total votes: 7,457,131 (100% in favor)
- Special resolution requiring higher majority passed unanimously
Scrutinizer's Role and Findings
Mr. Kashyap Shah submitted his consolidated report on September 30, 2026, confirming:
- The remote e-voting process was conducted from September 24-28, 2026
- Newspaper advertisements were published on September 7, 2026 in English and Gujarati newspapers
- Votes were unblocked on September 29, 2026 at approximately 1:30 PM in presence of two independent witnesses
- All voting records will remain in the scrutinizer's custody until minutes are signed
- The report details vote counts by method (remote e-voting vs electronic voting at AGM)
Compliance Confirmation
The company confirms compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013 and relevant rules
- MCA General Circular No. 09/2024 dated September 19, 2024
- SEBI Circular dated October 3, 2024
- Companies (Management and Administration) Rules, 2014
Additional Information
- Company CIN: L31501GJ2014PLC081671
- Registered Address: 313-315, Orchid Plaza, B/h. McDonald's Sama Savli Road, Vadodara-390024
- Corporate Office: 7th Floor, Shiva Building, Besides Isha Hospital, Sarabhai Campus, Vadodara-390008
- Business Description: EPC Projects of Power Transmission/Distribution up to 400KV System