Shareholders at 31st AGM approve director re-appointment, consultancy pay and Rs. 50 Crores investment limit
Re-appointment of Ms. Kavita Patel as Independent Director for a second five-year term, 27.12.2026 to 26.12.2031, not liable to retire by rotation.
- Director Re-appointment Term
- Ms. Kavita Patel: 27.12.2026 to 26.12.2031 (second five-year term)
- Consultancy Remuneration
- Mr. Nishank Sakariya: not exceeding Rs. 2,50,000/- per month from 01.01.2027 to 31.12.2027
- Section 186 Authorization Limit
- Rs. 50 Crores for investments, loans and guarantees
- AGM Number
- 31st Annual General Meeting
- Scrutinizer Report Date
- 30.09.2026
What the shareholders approved
The company reported the voting outcome of its 31st Annual General Meeting, based on the Scrutinizers' Report dated 30.09.2026. Three resolutions were approved.
- Re-appointment of Ms. Kavita Patel (DIN: 09433199) as an Independent Director for a second term of five consecutive years, from 27.12.2026 to 26.12.2031, not liable to retire by rotation.
- Payment of remuneration to Mr. Nishank Sakariya, Non-Executive Director, as a Consultant from 01.01.2027 to 31.12.2027.
- Authorization to make investments, loans and guarantees beyond the limits prescribed under Section 186 of the Companies Act, 2013, up to Rs. 50 Crores.
About the re-appointed director
Ms. Kavita Patel has cleared the Online Proficiency Self-Assessment Test administered by the Indian Institute of Corporate Affairs and is registered in the Independent Directors Data Bank. Her stated skills relevant to the construction industry include interior design, project conceptualization and execution, financial and cost management, marketing and client relationships. She is not related to any other director of the company and is not debarred from holding office of director by SEBI or any other authority.
The consultancy arrangement
Mr. Nishank Sakariya is a related party as a Non-Executive Director. The transaction is remuneration for consultancy services for a duration of 01.01.2027 to 31.12.2027, at an amount not exceeding Rs. 2,50,000/- per month. It was recommended by the Nomination & Remuneration Committee and approved by the Audit Committee and the Board of Directors.
What it means for investors
These are governance and enabling approvals rather than business transactions. The Section 186 authorization of Rs. 50 Crores sets an outer ceiling within which the company may make investments, give loans or provide guarantees; it does not by itself mean any amount has been deployed. The consultancy payment is a recurring related-party cost for a twelve-month period. Investors may watch how the enhanced investment and lending headroom is actually used in future disclosures.
More numbers
- Section 186 investments/loans/guarantees limitRs. 50 Crores
- Monthly consultancy remuneration capRs. 2,50,000/-
- Independent Director term lengthfive consecutive years
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