Shekhawati Industries Limited concluded its 35th Annual General Meeting on June 17, 2026, approving the audited financial statements for the year ended March 31, 2026, and authorising an increase in the company's share capital. The meeting, held via video conferencing, saw the re-appointment of a director and the ratification of auditor remuneration for the upcoming financial year.

The meeting was chaired by Mr. Mukesh Ramniranjan Ruia, Chairman & Managing Director, and attended by members of the Board, including Mrs. Kalpana Mukesh Ruia and Mr. Ravi Jogi. Statutory auditors from SGCO & Co. LLP and scrutinizer Dipesh Gosar & Co. were also present. The proceedings complied with regulations issued by the Ministry of Corporate Affairs and SEBI.

Shareholders voted on seven resolutions, including the adoption of financial results and the re-appointment of Mr. Ravi Sanjay Jogi as Director. A special resolution was passed to amend the main object clause of the Memorandum of Association and to approve transactions under Section 185 of the Companies Act, 2013.

The company sought approval to increase its authorised share capital and alter the capital clause of its Memorandum of Association. Additionally, shareholders sanctioned material related party transactions with M/s. Vinayak Clothings Private Limited through a special resolution.

Remote e-voting was administered by the National Securities Depository Limited from June 14, 2026, to June 16, 2026. The facility for voting during the meeting was extended to members who had not cast their votes remotely. The scrutinizers' report will be disclosed on the company's website and stock exchanges within two working days.

Resolutions Passed at the 35th AGM

Shekhawati Industries Limited has acquired an additional parcel of land in Karjat, Maharashtra, to facilitate the expansion of its business. The company disclosed this transaction through a regulatory filing submitted on May 26, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The acquisition strategically strengthens the company’s presence in the Karjat growth corridor, which is increasingly recognized as a key part of the “Mumbai 3.0” development vision. Karjat is witnessing significant infrastructure-led transformation driven by enhanced regional connectivity, including the upcoming Panvel–Karjat suburban railway corridor and proximity to the Navi Mumbai International Airport.

Key Details

The region is expected to benefit from the expansion of connectivity between Mumbai, Navi Mumbai, Ulhasnagar, Panvel, and Karjat, positioning it as a future residential and wellness hub. Located approximately within a two-hour travel radius from Mumbai and Pune, the area is attracting long-term real estate investment due to its natural landscape and development potential.

This acquisition aligns with the company’s long-term vision to develop high-quality, future-ready real estate projects while maintaining the exclusivity and sustainability standards associated with Shekhawati Projects.