Date, Location, and Type of Meeting

  • Date of Declaration of Results: July 21, 2026
  • Type of Meeting: Postal Ballot (no physical meeting held)
  • Remote E-voting Period: Commenced on June 19, 2026, at 09:00 AM IST and ended on July 18, 2026, at 05:00 PM IST
  • Record Date: June 12, 2026
  • Location: The company's registered office is at Zodiac House, 12, Times Corporate Park, Near Baghban Party Plot, Thaltej-Shilaj Road, Thaltej, Ahmedabad, PIN 380059.

Summary of Proposed Resolutions and Implications

Four resolutions were proposed for shareholder approval via postal ballot:

1. Special Resolution: Re-appointment of Mr. Rakesh Arvindbhai Patel (DIN: 00373019) as an Independent Director.

2. Special Resolution: Re-appointment of Mr. Ambar Jayantilal Patel (DIN: 00050042) as an Independent Director.

3. Ordinary Resolution: Regularization of Mr. Dhaval Shah (DIN: 07933310) as a Non-Executive Non-Independent Director.

4. Ordinary Resolution: Approval for increase in remuneration of Mr. Jay Kunjbihari Shah (Associate Director) who holds an office or place of profit in the company.

The implications include continuity in board composition and approval of executive compensation.

Voting Process and Methods Used

  • Mode of Voting: Remote e-voting only, facilitated by National Securities Depository Limited (NSDL). No physical polling or postal ballot forms were used; the notice was sent electronically via email to shareholders registered as of the record date.
  • E-voting Platform: NSDL's remote e-voting system was used, with voting open from June 19, 2026, to July 18, 2026.
  • Scrutinizer: Anjali Sangtani of SCS and Co. LLP (Firm Registration Number: L2020GJ008700) was appointed as scrutinizer by the board on June 15, 2026, to oversee the process.

Key Voting Outcomes

  • Total Number of Shareholders on Record Date: 37,426
  • Total Number of Shares Outstanding: 15,123,690
  • Total Votes Polled: 10,313,253 shares (68.1927% of outstanding shares)
  • Breakdown by Shareholder Category:
  • Promoter and Promoter Group: Held 10,581,479 shares; voted 10,127,263 shares (95.7074% of shares held), all in favor of all resolutions.
  • Public Institutions: Held 50,888 shares; did not cast any votes (0 votes polled).
  • Public Non-Institutions: Held 4,491,323 shares; voted 185,990 shares (4.1411% of shares held), with majority in favor but some against.
  • Resolution-wise Results:
  • Resolution 1 (Re-appointment of Rakesh Patel): 10,312,758 votes in favor (99.9952%), 495 against (0.0048%); passed.
  • Resolution 2 (Re-appointment of Ambar Patel): 10,312,720 votes in favor (99.9948%), 533 against (0.0052%); passed.
  • Resolution 3 (Regularization of Dhaval Shah): 10,312,901 votes in favor (99.9966%), 352 against (0.0034%); passed.
  • Resolution 4 (Remuneration increase for Jay Shah): 10,312,758 votes in favor (99.9952%), 495 against (0.0048%); passed.
  • Invalid Votes: No invalid votes were recorded across all categories.

Scrutinizer's Role, Findings, and Conclusions

  • Scrutinizer: Anjali Sangtani (Membership Number: F14118) of SCS and Co. LLP was responsible for scrutinizing the remote e-voting process and ensuring fairness.
  • Findings: The scrutinizer confirmed that 70 shareholders (from promoter and public non-institutional categories) voted via NSDL's platform. All votes were valid, and the process was transparent.
  • Conclusions: The scrutinizer reported that all resolutions were passed with the requisite majority under the Companies Act, 2013, and SEBI LODR Regulations. The report was issued on July 21, 2026, and countersigned by Kunjbihari Shah, Managing Director (DIN: 00622460).

Confirmation of Compliance

  • The disclosure confirms compliance with the Companies Act, 2013, SEBI LODR Regulations, and relevant rules. The notice was dispatched electronically, and advertisements were published in Free Press Gujarat (English) and Lokmitra (Gujarati) on June 17, 2026.

Names and Roles of Signatories

  • Divya Joshi: Company Secretary & Compliance Officer, signed the disclosure letter on July 21, 2026.
  • Anjali Sangtani: Scrutinizer, prepared and signed the scrutinizer's report.
  • Kunjbihari Shah: Managing Director (DIN: 00622460), countersigned the scrutinizer's report.

Additional Information

  • The company is ISO 9001 & 14001 certified.
  • The scrutinizer's report includes detailed voting results in both SEBI and Companies Act formats, affirming the outcomes.