Mehul Colours Limited held its 31st Annual General Meeting on September 30, 2026, via video conferencing, passing all three ordinary resolutions unanimously with 75,64,582 votes in favour, representing 71.71% of paid-up share capital.

Meeting proceedings and attendance

The meeting commenced at 12:30 pm and concluded at 12:56 pm, with Mr. Mehul Pravinchandra Joshi, Managing Director, presiding as Chairman. Eight participants attended through video conference, comprising three from the promoter group and five from the public category. The record date for voting eligibility was September 23, 2026, on which the company had 352 members holding 1,05,49,040 equity shares.

Key attendees included Mrs. Bhakti Joshi, Whole-time Director; Mrs. Jyoti Jain, Non-Executive Independent Director and Audit Committee Chairperson; Mrs. Khyati Gandhi, Non-Executive Independent Director; Mr. Hiral Joshi, Non-Executive Director; and Mr. Tejas Joshi, Additional Director (Executive). Statutory auditors Y M S & Co LLP and secretarial auditor M/s H Roshan & Associates were also present.

Resolutions passed

Shareholders considered three agenda items, all passed as ordinary resolutions. The audited financial statements for FY26 were adopted alongside the reports of the Board and Auditors, with no qualifications or adverse remarks noted.

Mrs. Bhakti Mehul Joshi was re-appointed as a Director liable to retire by rotation. Mr. Tejas Harish Joshi (DIN: 11917872) was appointed as Director (Executive), liable to retire by rotation, regularizing his position following his earlier appointment as an Additional Director.

Voting results

The company facilitated remote e-voting through National Securities Depository Limited (NSDL) from September 26, 2026 to September 29, 2026. All votes were cast through remote e-voting; no votes were cast through e-voting at the AGM. The category-wise voting breakdown, identical across all three resolutions, is as follows:

A total of 9 members participated in voting. There were no invalid votes across any category.

Scrutinizer and compliance

CS Roshan Harde, Proprietor of M/s H Roshan & Associates (COP No. 13138, Membership No. F-14182), served as scrutinizer, appointed by the Board on September 5, 2026. The scrutinizer's consolidated report was issued on October 1, 2026. Votes were reconciled with NSDL records and the Register of Beneficial Owners as on the cut-off date, as furnished by Registrar and Share Transfer Agent Bigshare Services Private Limited. The resolutions are deemed passed on September 30, 2026, the date of the AGM. Voting results have been made available on the company's website and submitted to BSE.

Mehul Colours Limited has issued the notice for its 31st Annual General Meeting (AGM), scheduled for September 30, 2026, at 12:30 pm via video conference or other audio-visual means. The meeting will transact ordinary and special business, including the adoption of financial statements for FY26 and key board appointments.

The e-voting window for shareholders remains open from September 26 to September 29, 2026. Shareholders holding shares as of the cut-off date of September 23, 2026, are eligible to vote.

AGM Agenda and Resolutions

The AGM notice outlines three primary items for shareholder consideration:

1. Adoption of Financial Statements: Shareholders will receive, consider, and adopt the audited financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
2. Re-appointment of Director: Mrs. Bhakti Mehul Joshi (DIN: 02376755) retires by rotation and seeks re-appointment as a director liable to retire by rotation.
3. Appointment of Additional Director: Mr. Tejas Harish Joshi (DIN: 11917872) is proposed for appointment as an Executive Director, subject to shareholder approval.

E-Voting Details

The company issued the intimation pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. National Securities Depository Limited (NSDL) will provide the e-voting services.

Members who have voted through remote e-voting are eligible to attend the AGM but cannot vote again during the meeting. Corporate members must submit a certified copy of the board resolution authorizing their representative to vote.

Board Appointments

Tejas Harish Joshi

Mr. Tejas Harish Joshi was appointed as an additional executive director on September 5, 2026, effective from that date. His appointment requires shareholder approval at the ensuing general meeting, following a recommendation from the Nomination and Remuneration Committee.

Mr. Joshi brings over 15 years of experience with Mehul Colours Limited. He holds an SSC qualification and possesses extensive hands-on knowledge of manufacturing and business operations. His profile highlights a deep understanding of factory operations, production processes, workforce management, quality requirements, customer needs, and day-to-day business administration. He is not related to any existing directors on the board.

Bhakti Mehul Joshi

Mrs. Bhakti Mehul Joshi, the wife of Chairman and Managing Director Mehul Pravinchandra Joshi, retires by rotation at this AGM. She has been serving on the board since April 1, 2009, and is primarily responsible for overseeing finance operations. She holds a Bachelor of Commerce degree and a Post Graduate Diploma in Travel and Tourism. As of the notice date, she holds 6,86,800 equity shares (6.51%).

Regulatory Compliance

The company confirmed that Mr. Joshi is not debarred from holding office under any SEBI order or other authority, aligning with BSE Circular no. LIST/COMP/14/2018-19 dated June 20, 2018. The disclosure complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Roshan Harde has been appointed as the scrutinizer for the remote e-voting process.