AGM Details
The 80th AGM was held on Monday, 24th August, 2026 at 03:11 P.M. IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting concluded at 03:32 P.M. IST on the same day. The deemed venue for the AGM was the registered office of the Company at 188/2, Ranipur Village, Opp. CNI Church, Narol, Daskroi, Ahmedabad - 382405, Gujarat, India.
Scrutinizer Appointment
Parmar Jitendra Pradipbhai, Practising Company Secretary (FRN: S2023GJ903900, COP No.: 15863, Membership No: F11336) was appointed as the Scrutinizer by the Board of Directors to conduct both remote e-voting and remote electronic voting during the AGM.
Voting Process and Timeline
- Remote e-voting was conducted through National Securities Depository Limited (NSDL) platform
- Cut-off date for determining voting eligibility: Monday, August 17, 2026
- Remote e-voting period: Commenced at 9:00 A.M. on Friday, August 21, 2026 and ended at 5:00 P.M. on Sunday, August 23, 2026
- Remote electronic voting during AGM: Available until 30 minutes after closure of AGM (finalized on August 24, 2026 around 06:45 P.M. IST)
- Physical attendance and proxy appointments were dispensed with in accordance with MCA Circulars
Resolutions Voted Upon
Eight resolutions were proposed for shareholder approval:
1. Ordinary Resolution: To receive, consider and adopt:
- Audited Standalone Financial Statement for FY ended 31st March 2026 with Statement of Profit and Loss, notes, Cash Flow Statement, and Reports of Board and Auditors
- Audited Consolidated Financial Statement for FY ended 31st March 2026 with Statement of Profit and Loss Account, notes, and Cash Flow Statement
2. Ordinary Resolution: To appoint Mr. Mithleshkumar Agrawal (DIN: 03468643) who retires by rotation
3. Special Resolution: For regularization of appointment of Mr. Burhanuddin Hakimuddin Lokhandwala (DIN: 11705597) as Non-Executive & Independent Director
4. Ordinary Resolution: For appointment of M/s. Jitendra Parmar & Associates, Practicing Company Secretaries, Ahmedabad (FRN: S2023GJ903900) as Secretarial Auditor for 5 years
5. Ordinary Resolution: To approve material related party transactions with M/s. Stitched Textile Limited
6. Ordinary Resolution: To approve material related party transactions with M/s. Brand Cluster LLP
7. Ordinary Resolution: To approve material related party transactions with M/s. Vax Enterprise Private Limited
8. Ordinary Resolution: To approve material related party transactions with M/s. Varvee Global Limited
Voting Results Summary
Total Share Capital: 21,750,000 shares
Overall Voting Participation:
- Total votes polled: 8,237,727 shares
- Percentage of outstanding shares voted: 37.8746%
Resolution-wise Results:
All eight resolutions were passed with overwhelming majority:
- Resolution 1: 99.9986% in favor (8,237,614 votes for, 113 against)
- Resolution 2: 99.9986% in favor (8,237,614 votes for, 114 against)
- Resolution 3: 99.9986% in favor (8,237,614 votes for, 114 against)
- Resolution 4: 99.9986% in favor (8,237,614 votes for, 114 against)
- Resolution 5: 99.9986% in favor (8,237,614 votes for, 114 against)
- Resolution 6: 99.9986% in favor (8,237,614 votes for, 114 against)
- Resolution 7: 99.9986% in favor (8,237,615 votes for, 112 against)
- Resolution 8: 99.9986% in favor (8,237,615 votes for, 112 against)
Category-wise Voting Breakdown:
- Promoter and Promoter Group: Held 1,190,534 shares (100% voted, 100% in favor of all resolutions)
- Public Institutions: Held 0 shares (no participation)
- Public-Non Institutions: Held 20,559,466 shares (7,047,193 votes polled, 34.2771% participation)
Invalid Votes Disclosure
A total of 6,387,286 shares were considered invalid and excluded from voting results due to:
1. Partly paid-up shares where call amount was due and remained unpaid (150,000 shares held by Promoters and 6,387,286 shares held by Public Shareholders)
2. Related party considerations for resolutions 5-8: Votes from Jaimin Gupta (97,054 shares) and Kresha Gupta (19,011 shares) were considered invalid as they were related parties in the transactions