Popular Estate Management shareholders approved all four ordinary resolutions at the company's 32nd Annual General Meeting held on September 7, 2026. The meeting concluded with near-unanimous support from public shareholders, while promoter votes were excluded for related-party matters.

Meeting Proceedings

The virtual meeting commenced at 2:30 pm and concluded at 2:47 pm via video conferencing, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Director Vikram Patel confirmed the presence of requisite quorum under Section 103 of the Companies Act, 2013.

Key attendees included Independent Director Shaishav Kaushik Shah, Secretarial Auditor Sejal Jain, and Scrutinizer Krishna Patel. Company Secretary Sonia Kulkarni informed members that proxy appointments were not applicable for this virtual meeting. The record date for determining voting eligibility was August 31, 2026, with a total of 1,831 shareholders on record.

Resolutions Passed

Shareholders transacted four ordinary resolutions during the meeting. The Board had circulated the notice along with the Annual Report for FY26 to registered email addresses. Remote e-voting was available from September 3 to September 6, 2026, via the NSDL platform.

Voting Results

The scrutinizer report filed on September 8, 2026, detailed the voting outcomes. For the adoption of financial statements (Resolution 1), 4,370,379 votes were cast in favour by 21 members, representing 99.99% of valid votes. Only one member voted against with five votes. Promoter group votes totaling 4,360,555 shares were included in this count as they held no interest in the resolution.

The appointment of Het Patel as director (Resolution 2) received 9,824 votes in favour from nine members (99.94%). One member voted against with five votes. Notably, votes from the promoter group totaling 4,360,555 shares were deemed invalid as they belonged to related parties to this resolution. Consequently, the promoter group cast zero valid votes on this agenda item.

Similarly, the appointment of M/S Krishna Patel & Co as secretarial auditor (Resolution 3) passed with 4,370,379 votes in favour (99.99%), including promoter participation. The approval of material related party transactions (Resolution 4) followed the same pattern as Resolution 2, with 9,824 votes in favour (99.94%) and 4,360,555 promoter votes invalidated due to conflict of interest.

Statutory and secretarial auditors reported no qualifications or adverse remarks in their reports.

Popular Estate Management has scheduled its 32nd Annual General Meeting for September 7, 2026. The event will be conducted via video conferencing or other audio-visual means in compliance with regulatory guidelines.

The company notified the Bombay Stock Exchange on August 21, 2026, regarding the dispatch of web-links for the AGM notice and the Integrated Annual Report for FY26. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The AGM is set for Monday, September 7, 2026, at 2:30 pm. The session will utilize VC/OAVM facilities as permitted by the Ministry of Corporate Affairs and SEBI circulars.

Members whose email IDs are registered with the Registrar & Share Transfer Agent or Depository Participants have already received the notice electronically. For members without registered email IDs, the company has sent a letter containing a web-link to access the documents.

Key Dates and Access

Vikram Patel, Director, Manager, and CFO of Popular Estate Management, signed the intimation letter. The company requested shareholders to update their email IDs with depository participants to facilitate future electronic communications.