41st AGM Proceedings: Financials Adopted, Director Items and Group Restructuring Placed for Vote

41st AGM held 30 Sept 2026, 2:00–3:00 PM at the registered office; 45 shareholders present (quorum 30).

Wed 30 Sep 2026

AGM Date and Time

30 September 2026, 2:00–3:00 PM

Shareholders Present

45 shareholders (quorum requirement: 30)

Location

Registered office in Jogeshwari East, Mumbai

Key Business Items

Adoption of FY26 standalone & consolidated accounts, re-appointment of Mr. Arun Tyagi, confirmation of Mr. Kapil Gautam as Executive…

Voting Results Timeline

To be announced within 2 working days

What was shared

The company submitted the proceedings of its 41st Annual General Meeting, held on Wednesday, 30th September 2026, commencing at 2:00 P.M. and concluding at 3:00 P.M. at the registered office in Jogeshwari East, Mumbai.

Attendance

• Quorum requirement stated as 30 members; 45 shareholders were present.
• Chairman & Managing Director Mr. Arunkumar Tyagi chaired the meeting; Independent Directors Mr. Mukesh Tyagi, Ms. Nisha Zutshi and Mr. Shiv Kumar Verma attended.
• Mr. Kapil Gautam was granted leave of absence.
• Company Secretary Mr. Sunil Kumar Trivedi and CFO Mr. Hemant Singh were present, along with the scrutinizer and a representative of the statutory auditor.

Business transacted

• Adoption of standalone and consolidated audited financial statements for the year ended 31st March 2026, with the Board's and Auditors' reports.
• Appointment of Mr. Arun Tyagi, who retires by rotation and offered himself for re-appointment.
• Confirmation and approval of the appointment of Mr. Kapil Gautam as Executive Director with effect from 11th June 2026.
• Approval of strategic corporate restructuring of the group: divestment of the underperforming stake in Master Mind, formal strike-off of all inactive/dormant subsidiaries, and the complete separation and carve-out of Cressanda Consumers Private Limited from the parent company.

Voting

Members were given a postal ballot facility, with a ballot box available during the AGM and for 15 minutes after it concluded. CS Mehul Raval was appointed scrutinizer. Results will be announced within two working days of the conclusion of the AGM and placed on the company's website and the BSE website. A recorded transcript of the meeting is to be made available on the company's website.

What it means for investors

This is a procedural record of the meeting; the outcomes depend on the voting results still to be declared. The restructuring item is the most substantive business, as it involves changes to the group's subsidiary structure. Investors may wish to track the scrutinizer's report and the voting outcome.

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