Shashwat Furnishing Solutions shareholders approved the transfer of its entire equity stake in subsidiary Dhruvanshi Agrotech Private Limited to Mrs. Mayuri Karnawat and Mr. Piyush Karnawat during its sixth annual general meeting.

The meeting, held on August 31, 2026, in Jodhpur, Rajasthan, also saw the adoption of the company's audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Mr. Lalit Ghewarchand Karnawat was re-appointed as a director by rotation.

Meeting Proceedings

The AGM commenced at 3:00 pm and concluded at 3:20 pm. Hitesh Karnawat, Chairman and Managing Director, chaired the proceedings. All directors and key managerial personnel were present at the venue located at 121, Mahaveer Nagar, Jain Colony.

The company provided remote e-voting facilities to all members entitled to vote, in compliance with Section 108 of the Companies Act 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting window ran from 9:00 am on August 28, 2026, to 5:00 pm on August 30, 2026, with National Securities Depository Limited engaged as the scrutinizer.

Resolutions Passed

Shareholders voted on three key resolutions:

• Adoption of audited financial statements for FY26 along with board and auditor reports.
• Re-appointment of Mr. Lalit Ghewarchand Karnawat as director.
• Approval for the sale of the company’s investment in Dhruvanshi Agrotech Private Limited to Mrs. Mayuri Karnawat and Mr. Piyush Karnawat.

Mr. Shailesh Rastogi, a practicing chartered accountant, was appointed as the scrutinizer to ensure fair and transparent voting. The consolidated results of the remote e-voting and physical voting were scheduled for announcement within two working days of the meeting's conclusion.

Shashwat Furnishing Solutions has notified the Bombay Stock Exchange of a book closure period running from Monday, August 24, 2026, to Monday, August 31, 2026. This action determines shareholder eligibility for the company's sixth Annual General Meeting (AGM), which is scheduled to take place on August 31, 2026. Investors holding equity shares must be registered in the company's records by the end of the closure period to exercise voting rights or attend the meeting.

The intimation was issued pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. During this week-long window, the Register of Members and Share Transfer Books will remain closed. Consequently, no share transfers will be processed between these dates. The notification was signed by Hitesh Karnawat, Managing Director, and submitted to the BSE Listing Department on August 06, 2026.

Book Closure Details

The closure dates are inclusive of both the start and end days. This means that any trade executed on August 24, 2026, will not reflect in the register until after the closure ends, potentially affecting eligibility if the settlement cycle does not align with the cutoff. Shareholders intending to sell their holdings should note that trades placed during this period may not result in a transfer of ownership before the AGM cutoff.

What This Means for Shareholders

The primary implication of this announcement is the restriction on share transfers. Investors who wish to participate in the AGM must ensure they hold the shares in their demat accounts before the closure begins. Those looking to exit their positions should do so prior to August 24, 2026, to avoid complications with the transfer process. The company did not specify a separate record date, indicating that the end of the book closure period serves as the effective cutoff for determining eligible participants.

Shashwat Furnishing Solutions Limited, identified by CIN L20299RJ2021PLC073899, operates under the brand Handicraft's Village. The upcoming AGM is a statutory requirement for listed entities, where key corporate governance matters, including financial results and director appointments, are typically discussed and voted upon by eligible shareholders.