Vadilal Enterprises Limited concluded its 41st Annual General Meeting on September 8, 2026. The meeting was held via video conferencing in compliance with Ministry of Corporate Affairs and SEBI regulations.

Ms. Shaily Dedhia, Director of the Company, chaired the proceedings. After confirming the quorum, the Company Secretary, Nikita Udhani, called the meeting to order. The session included introductions of directors, officers, and auditors, as well as Mr. Manoj Hurkat, the appointed scrutinizer for the e-voting process.

Resolutions Approved

Members considered and voted on several ordinary resolutions during the meeting. The key agenda items included:

The Board’s Report, Statutory Auditors’ Report, and Secretarial Auditors’ Report were taken as read during the meeting.

Voting Process

Remote e-voting was available from September 5, 2026, at 9:00 am to September 7, 2026, at 5:00 pm. Members present at the meeting who had not voted remotely were able to cast their votes during the session. The e-voting facility remained open for 15 minutes after the conclusion of the AGM.

The Company Secretary informed members that the voting results and the scrutinizer’s report would be communicated to the BSE and published on the company website within 48 hours. The meeting commenced at 11:00 am and concluded at 11:35 am.

Vadilal Enterprises disclosed an internal transfer of equity shares among its promoters on August 19, 2026. Janmajay Virendrabhai Gandhi transferred a total of 10,663 equity shares to Virendrabhai Ramchandra Gandhi. The transaction was executed on August 17, 2026, pursuant to a SEBI Exemption Order dated July 3, 2026 (reference no. WTM/KCV/CFD/04/2026-27).

The transfer comprises two components: 10,613 shares (representing 1.23% of the total share capital) held directly by Janmajay Virendrabhai Gandhi, and 50 shares (representing 0.006%) held jointly by Janmajay Virendrabhai Gandhi and Virendrabhai Ramchandra Gandhi. Both portions were transferred by way of gift.

Shareholding Restructuring

The disclosure highlights a broader consolidation of holdings within the promoter group. Alongside the primary transfer, Ila V Gandhi also transferred her holdings to Virendrabhai Ramchandra Gandhi. Specifically, Ila V Gandhi transferred 8,957 shares (1.04%) held directly and 2,912 shares (0.34%) held jointly with Virendrabhai Ramchandra Gandhi. These transfers were also executed by way of gift under the same SEBI exemption order.

Virendrabhai Ramchandra Gandhi’s direct holding increased from 70,211 shares (8.134%) to 92,743 shares (10.75%). The total equity share capital of the company remains unchanged at 8,62,668 equity shares of ₹10 each, aggregating to ₹86,26,680.

What the Numbers Show

The aggregate promoter and promoter group shareholding remains constant at 40.28% (excluding the specific individuals listed above who are part of the group). The public holding remains at 48.97%. The transactions represent a consolidation of fragmented promoter holdings into a single direct holding for Virendrabhai Ramchandra Gandhi, simplifying the ownership structure without diluting any stakeholder or altering the overall control dynamics of the company.