Ishwarshakti Holdings & Traders Limited held its 43rd Annual General Meeting on September 30, 2026, in Mumbai. The meeting focused on adopting the audited standalone financial statements for the fiscal year ended March 31, 2026, and addressing key governance matters including director reappointments and share capital adjustments.

Proceedings and attendance

The AGM commenced at 11:00 am and concluded at 11:40 am at the company's registered office in Fort, Mumbai. A total of six members attended the meeting physically. The record date for determining shareholder eligibility was September 23, 2026, with 162 shareholders on the register as of that date. Vinay Seksaria, Managing Director and Chairperson, presided over the proceedings.

The Board of Directors present included:

Reena Gavle served as the Company Secretary and Compliance Officer, while also acting as the Chief Financial Officer during the session. Representatives from the statutory auditors, B. L. Dasharda & Associates, and secretarial auditors, Aabid & Co., were also in attendance.

Resolutions passed

Shareholders considered and adopted the audited standalone financial statements for FY26, along with the reports of the Board of Directors and Auditors. The auditor's report on the financial statements and the secretarial audit report contained no qualifications, reservations, or adverse remarks.

The following ordinary resolutions were transacted:

• Adoption of Financial Statements: Approval of the audited standalone financial statements for the year ended March 31, 2026.
• Director Reappointment: Appointment of Vinay K. Seksaria (DIN: 00116582), who retired by rotation and offered himself for reappointment.
• Director Regularization: Regularization of Radhika Vinay Seksaria (DIN: 11714280) as a Non-Executive and Non-Independent Director.
• Share Capital Increase: Increase in authorized share capital and alteration to the capital clause of the Memorandum of Association.

Voting and compliance details

The company provided remote e-voting facilities from September 26, 2026, to September 29, 2026. Physical voting was also arranged via polling papers for members present at the venue. Mohammad Aabid, Partner at M/s. Aabid & Co., was appointed as the scrutinizer for the voting process. The results of the voting and the scrutinizer's report are expected to be declared within two working days from the conclusion of the meeting and will be intimated to the stock exchanges and posted on the company's website.

Promoter group members of Ishwarshakti Holdings & Traders Limited have completed a series of inter-se share transfers, moving a total stake of 52.38% among themselves. The transactions, disclosed on September 18, 2026, were executed on September 24, 2026, involving gifts and settlements related to the dissolution of Hindu Undivided Families (HUFs). The aggregate holding of the promoter group remains unchanged following these internal realignments.

The transfers are exempt from open offer obligations under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company confirmed that all conditions for this exemption have been duly complied with, with final disclosures filed under Regulation 10(6) on September 25, 2026. Additionally, individual promoter disclosures were submitted under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, detailing the off-market nature of these inter-se transfers.

Key Transactions

Radhika Vinay Seksaria emerged as a significant acquirer, receiving shares through two separate disclosures. She acquired 9.62% (138,560 shares) from Vivek Kailashchandra Seksaria by way of gift. Additionally, she acquired 4.78% (68,800 shares) from Yashasvi Vivek Seksaria and Vivek & Sons (HUF). These moves increase her total stake to 23.56%.

Vinay Kailashchandra Seksaria also consolidated his holding significantly. He received 15.02% (216,260 shares) via gift from Aparna Vivek Seksaria and Kailashchandra Kesardeo Seksaria & Yashasvi Seksaria. Furthermore, he acquired 0.22% (3,150 shares) from three HUF entities—Kailash Chandra Kesardeo (HUF), Kailashchandra & Sons (HUF), and Kesardeo And Sons (HUF)—through a settlement deed due to the dissolution of the HUFs. His final stake stands at 24.90%.

Anushree Fabrics Private Limited, another promoter entity, acquired 22.74% (327,400 shares). The shares were sourced from Bhavnagar Oil Mills Private Limited (9.65%), Kailashchandra Kesardeo Seksaria & Yashasvi Seksaria (3.76%), and Geeta Kailashchandra Seksaria & Yashasvi Seksaria (9.32%). This brings Anushree Fabrics’ total holding to 23.65%.

Transaction Details

What the Numbers Show

The data reveals a clear centralization of ownership within specific promoter nodes. Prior to these transfers, holdings were fragmented across multiple individuals and HUF structures. Post-transaction, Radhika Vinay Seksaria, Vinay Kailashchandra Seksaria, and Anushree Fabrics Private Limited collectively hold 72.11% of the company’s equity. This consolidation simplifies the promoter group’s structure while maintaining the same aggregate control level, likely streamlining decision-making processes for the listed entity.