31st AGM Held; MD and Two Independent Directors Re-appointed for 5 Years

At its 31st AGM held on 29th September 2026 via video conferencing, members transacted 5 resolutions.

Tue 29 Sep 2026

AGM Date

29th September 2026

MD Re-appointed

Jigen J. Modi from 01 Nov 2026 to 31 Oct 2031

Independent Directors Re-appointed

Sonu L. Jain and Rutvik S. Thakkar from 01 Nov 2026 to 31 Oct 2031

Director Retiring by Rotation

Mahendra C. Raycha re-appointed

Audit Reports

Statutory Auditors' Report and Secretarial Audit Report had no qualifications

What happened

The company's 31st Annual General Meeting was held on 29th September 2026 at 10:30 A.M. through Video Conferencing, concluding at 10:39 A.M.

Business transacted

• Adoption of the audited Balance Sheet as at 31st March, 2026, Statement of Profit, Cash Flow Statement and notes, along with the Board's and Auditors' reports.
• Re-appointment of Mr. Mahendra C. Raycha, who retired by rotation.
• Re-appointment of Mr. Jigen J. Modi as Managing Director with effect from 01st November, 2026 and ending 31st October, 2031.
• Re-appointment of Mrs. Sonu Lalitkumar Jain as a Non-Executive Independent Director for the same period.
• Re-appointment of Mr. Rutvik Sanjaykumar Thakkar as a Non-Executive Independent Director for the same period.

Attendance

• Total shareholders as on the record date: 3955, including promoter and promoter group.
• Shareholders present at the meeting: 21 — Promoters and Promoter Group 7, Public 14.
• As the meeting was held through VC/OAVM, there was no physical meeting or proxy appointment.

Audit remarks

The Company Secretary informed members that the Statutory Auditors' Report and the Secretarial Audit Report did not carry any qualifications.

Voting

Members voted through the NSDL e-voting facility, available before, during and 15 minutes after the meeting. M/s Kamlesh M. Shah, Practicing Company Secretary, acted as Scrutinizer. The consolidated scrutinizer's report along with voting results is to be submitted on or before 01st October, 2026 and uploaded on the company's website.

What it means for investors

This is a routine governance update recording the proceedings of the annual meeting. The key items are the adoption of the annual accounts and the continuity of leadership, with the Managing Director and two Independent Directors re-appointed for five-year terms. The detailed vote counts follow separately with the scrutinizer's report.

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