Proceedings of 42nd AGM held via video conferencing on September 30, 2026

The 42nd AGM was held on 30 September 2026 via video conferencing, from 2:00 P.M. to 2:21 P.M.

Wed 30 Sep 2026

AGM Date

30 September 2026

AGM Duration

2:00 P.M. to 2:21 P.M.

Meeting Format

Video conferencing

Statutory Auditor Appointment

M/s Nimesh Mehta & Associates for 5 years

Executive Director Re-appointment

Mr. Paresh Ramanlal Desai for five years from 30 June 2026 to 30 June 2031

What was shared

The company submitted the proceedings of its 42nd Annual General Meeting, held on Wednesday, 30 September 2026 through Video Conferencing / Other Audio Visual Means. The meeting commenced at 2:00 P.M. and concluded at 2:21 P.M.

Who chaired

Mr. Mitesh Jayantilal Thakkar, Chairman and Managing Director, chaired the meeting. Other Directors and the CFO participated. Mr. Vinit Bhanushali of M/s. V K Bhanushali & Co., Practicing Company Secretaries, acted as Scrutinizer and Secretarial Auditor. Remote e-voting was offered through CDSL, and e-voting was also available during the meeting.

Business transacted

• Adoption of the Audited Standalone Financial Statements for the financial year ended 31 March 2026 with Board and Auditors' reports (Ordinary).
• Adoption of the Audited Consolidated Financial Statements for the financial year ended 31 March 2026 with the Auditors' report (Ordinary).
• Appointment of M/s Nimesh Mehta & Associates, Chartered Accountants, as Statutory Auditor for a term of 5 years (Ordinary).
• Special resolution to consider and approve conversion of unsecured loan against issue of equity shares or other instruments convertible into equity, by way of preferential allotment or private placement.
• Special resolution to re-appoint Mr. Paresh Ramanlal Desai (DIN: 08602174) for a second term as Executive Director for five years, with effect from 30 June 2026 until 30 June 2031.

What comes next

The Chairman announced that the e-voting results, along with the consolidated Scrutinizer's Report, will be intimated to the Stock Exchanges and placed on the company's website and CDSL within two working days from the conclusion of the meeting.

Why it matters for investors

The proceedings record the items placed before shareholders; the outcome of each resolution is conveyed separately through the voting results. The proposed conversion of unsecured loan into equity, if passed and implemented, would involve fresh issuance of shares, and the Executive Director re-appointment concerns board continuity.

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