Proceedings of 35th AGM held on 29 September 2026

The 35th AGM was held on 29 Sep 2026 via video conferencing, with 40 members present.

Tue 29 Sep 2026

AGM Date

29 September 2026

Meeting Format

Video conferencing

Members Present

40 members

Key Resolutions

Adoption of FY26 accounts, re-appointment of Mr. Praveen J. Bafna, appointment of Mr. Vimal D. Shah as Managing Director, increase in…

Voting Results Timeline

Within 2 working days

What was shared

The company submitted the proceedings of its 35th Annual General Meeting, held on Tuesday, 29 September 2026 through video conferencing, starting at 2:30 p.m. and concluding at 2:45 p.m. 40 Members were present, and the meeting was declared validly convened.

Mr. Vimal D. Shah chaired the meeting and spoke on financial performance for the year ended 31 March 2026 along with the outlook and challenges in the pharmaceutical industry.

Items transacted by remote e-voting and e-voting at the AGM

• Ordinary Resolution: adoption of audited financial statements for the year ended 31 March 2026 with the Board's and Auditors' reports.
• Ordinary Resolution: appointment of a director in place of Mr. Praveen J. Bafna, who retires by rotation and offers himself for re-appointment.
• Special Resolution: appointment of Mr. Vimal D. Shah as Managing Director.
• Special Resolution: increase in the limits of borrowing authorised by the company.
• Special Resolution: authorisation for sale, lease, or disposal of the whole or substantially the whole of the company's undertaking.
• Special Resolution: enhancement of the existing limit under Section 186 of the Companies Act, 2013.

Process details

E-voting was open from 26 September 2026 9:00 A.M. to 28 September 2026 5:00 P.M., with the cut-off date of 22 September 2026. Purva Sharegistry India Private Limited handled remote and AGM e-voting, and Mr. Hemant Shetye acted as Secretarial Auditor and Scrutinizer.

What to watch

The scrutinizer's report and detailed voting results are to be announced within 2 working days of the AGM's conclusion and intimated to BSE. Investors may note that three of the special resolutions relate to the company's financing and asset flexibility: higher borrowing powers, an enhanced Section 186 limit for loans and investments, and authorisation to sell, lease or dispose of the whole or substantially the whole of the undertaking. The proceedings record that these items were transacted; the outcome depends on the voting results yet to be published.

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