Bhavik Enterprises shareholders approved the re-appointment of Managing Director Bhavik Mukesh Thakkar, Independent Director Jeny Vinod Kumar Gowadia, and remuneration revisions for three executive directors at its 19th Annual General Meeting on September 2, 2026. The company also appointed M/s JPS & Associates as secretarial auditor for five years.

The meeting was conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with SEBI LODR Regulations and the Companies Act, 2013. Mr. Mukesh Natverlal Thakkar, Chairman and Whole-Time Director, chaired the proceedings.

Key Resolutions Approved

Shareholders voted on seven agenda items through e-voting. The approved resolutions included:

• Adoption of audited standalone financial statements for FY26.
• Re-appointment of Mr. Bhavik Mukesh Thakkar as Managing Director, who retires by rotation and offered himself for re-appointment.
• Re-appointment of Mrs. Jeny Vinod Kumar Gowadia as Independent Director for a second five-year term.
• Appointment of M/s JPS & Associates as secretarial auditor for five consecutive financial years from FY26-27 to FY30-31.

Remuneration Revisions

The meeting also saw the approval of special resolutions regarding executive compensation:

• Revision in remuneration for Mr. Bhavik Mukesh Thakkar, Managing Director.
• Revision in remuneration for Mr. Mukesh Natverlal Thakkar, Whole-Time Director.
• Revision in remuneration for Mrs. Purnima Mukesh Thakkar, Executive Director.

Attendance and Voting

A total of 376 shareholders were on record as of the record date. Ten shareholders attended the meeting via VC/OAVM, comprising six from the promoter group and four public shareholders. Remote e-voting was available from August 30 to September 1, 2026. M/s JPS & Associates served as the scrutinizer for the voting process.

No queries were received from members during the meeting, and no speakers were registered. The statutory and secretarial auditors reported no qualifications or adverse remarks on the financial statements.

Voting Results Analysis

The final voting results reveal distinct patterns in shareholder engagement across different resolutions. While all resolutions passed, the voting behavior differed significantly between routine governance matters and interested-party resolutions involving remuneration.

For the remuneration revisions (Items 5, 6, and 7), votes cast by promoter group member Umesh Thakkar holding 73,500 shares were declared invalid because he qualifies as an 'interested party' under SEBI LODR Regulations. Consequently, only public non-institutional shareholders voted on these items, with 68,000 shares voted in favor out of 141,500 total polled votes. Despite the low participation rate of 0.70% of outstanding shares, the resolutions passed with 100% of valid votes in favor.

Bhavik Enterprises Limited has issued a corrigendum to its Nineteenth Annual General Meeting (AGM) notice, revising the cut-off date for remote e-voting eligibility from August 21, 2026, to August 26, 2026. This procedural update ensures that shareholders holding securities as of the new record date can participate in the vote scheduled for September 2, 2026. The meeting, conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM), aims to secure shareholder approval for revised remuneration packages for three key directors and the re-appointment of an independent director.

The Board of Directors, in a session held on August 4, 2026, recommended pay hikes for Mukesh Natverlal Thakkar, Bhavik Mukesh Thakkar, and Purnima Mukesh Thakkar. Shareholders will also vote on the re-appointment of Jeny Vinod Kumar Gowadia as an Independent Director for a second five-year term and the appointment of M/s JPS & Associates as Secretarial Auditor for five years. Nikhil Dineshchandra Bhatt, Company Secretary and Compliance Officer, issued the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Remuneration Revisions

The following directors have been nominated for remuneration revisions, effective January 30, 2027, pending shareholder consent:

• Mukesh Natverlal Thakkar (DIN: 01867515), Whole Time Director
• Bhavik Mukesh Thakkar (DIN: 01867522), Managing Director
• Purnima Mukesh Thakkar (DIN: 02262042), Executive Director

The proposed salary caps are ₹72,00,000 per annum for Mr. Mukesh Natverlal Thakkar and Mr. Bhavik Mukesh Thakkar, and ₹57,60,000 per annum for Mrs. Purnima Mukesh Thakkar. These packages include performance-linked incentives and perquisites as per Schedule V of the Companies Act, 2013.

E-Voting Schedule Update

Shareholders must ensure their holdings are recorded by the revised cut-off date to participate. The remote e-voting window remains unchanged, requiring timely action from investors.

M/s JPS & Associates, a firm of Practising Company Secretaries based in Jaipur, has been appointed as the Scrutinizer to oversee the integrity of the voting process. The AGM is deemed to be held at the company’s registered office in Goregaon, Mumbai.