14th AGM proceedings and voting results; all three resolutions passed with 100% votes in favour
The 14th AGM was held on September 26, 2026 via video conferencing.
By ScoutQuest · · 2 min read
- Revenue Growth FY 2025-26
- approximately 24.40% over FY 2024-25
- Net Profit Growth FY 2025-26
- approximately 41% over FY 2024-25
- AGM Voting Result
- All three resolutions passed with 100% votes in favour — 1,13,99,099 valid votes, NIL against
- FY 2026-27 Target Order Book
- approximately Rs. 200 crore
- ASRS Project Order Book
- approximately Rs. 70 crore
What happened
The 14th Annual General Meeting was held on Saturday, September 26, 2026 at 11:00 a.m. through video conferencing, and all business in the AGM notice dated August 29, 2026 was transacted.
Resolutions approved
- Adoption of the audited financial statements for the year ended March 31, 2026, with the Board's and Auditors' reports (Ordinary Resolution).
- Re-appointment of Mr. Arup Choudhuri as Director retiring by rotation (Ordinary Resolution).
- Ratification and appointment of Mr. P. V. Subramanian, Practicing Company Secretary, as Secretarial Auditor for five (5) consecutive financial years from FY 2025-26 to FY 2029-30.
Voting outcome
- Votes in favour: 17 members casting 1,13,99,099 valid votes, or 100% of total valid votes.
- Votes against: NIL. Invalid votes: NIL.
- Total shares held: 18160307; votes polled 11399099, i.e. 62.77% of outstanding shares.
- Promoter & Promoter Group polled 8272505 of 8297508 shares (99.70), all in favour.
- Public institutions polled 489643 of 1864393 shares (26.26); public non-institutions polled 2636951 of 7998406 shares (32.97) — all in favour.
- Total shareholders on record date: 1020.
What management told members
Mr. Jignesh P. Sanghavi, Executive Director, addressed members on FY 2025-26 performance — the first AGM after listing on the BSE SME Platform. He said revenue grew by approximately 24.40% and net profit by approximately 41% over FY 2024-25, with robust cash flows and near-nil debt levels.
Stated plans for FY 2026-27
- A working capital cycle of around 120 days.
- A targeted order book of approximately Rs. 200 crore.
- Diversification into parking projects in Bengaluru and Pune through special purpose vehicles.
- An Automated Storage and Retrieval System (ASRS) container storage project at the Port of JNPA, Mumbai, with an initial order book of approximately Rs. 70 crore.
- Ongoing expansion of the manufacturing facility at Bagnan, West Bengal.
How to read it
This is a routine post-AGM disclosure. Unanimous approval indicates no shareholder dissent on the items put to vote. The growth figures and FY 2026-27 targets were shared by management during the meeting address.
More numbers
- Valid votes cast in favour1,13,99,099
- Members voting in favour17
- % of total valid votes in favour100%
- Total shares outstanding (voting table)18160307
- % of votes polled on outstanding shares62.77
- Promoter group shares held8297508
- Promoter group votes polled8272505
- Public institutions % polled26.26
- Public non-institutions % polled32.97
- Revenue growth over FY 2024-2524.40%
- Targeted order book FY 2026-27Rs. 200 crore
- JNPA ASRS initial order bookRs. 70 crore
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