Bhavik Enterprises held its 19th Annual General Meeting on September 2, 2026. The meeting concluded with shareholders approving key governance resolutions and remuneration revisions for senior leadership.

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 a director liable to retire by rotation.
• 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 with approval of their remuneration.

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.

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.