Vriddhi Engineering Works Limited has successfully concluded its Extraordinary General Meeting (EGM) held on March 12, 2026, with all proposed resolutions receiving unanimous shareholder approval. The company submitted the scrutinizer's report and voting results to BSE Limited on March 13, 2026, demonstrating strong governance practices and shareholder confidence.

Meeting Details and Participation

The EGM was conducted at the company's registered office located at 1317, Hubtown Solaris, N. S. Phadke Road, Near Flyover Bridge, Andheri East, Mumbai, Maharashtra, from 11:00 AM to 11:20 AM. The meeting was attended by 7 shareholders, including 2 from the promoter and promoter group and 5 from the public category.

Resolution Results and Voting Pattern

All three special resolutions were passed with 100% approval from voting shareholders. The voting was conducted through poll method, with public non-institutional shareholders casting 60,500 votes in favor of each resolution.

Resolution 1: Re-appointment of Managing Director

Resolution 2: Re-appointment of Whole-time Director (Vedant Mehta)

Resolution 3: Re-appointment of Whole-time Director (Varsha Mehta)

Leadership Team Confirmations

The EGM confirmed the re-appointments of key leadership positions:

• Mrs. Bindi Kunal Mehta (DIN: 08936998) - Re-appointed as Managing Director
• Mr. Vedant Mukesh Mehta (DIN: 08936999) - Re-appointed as Whole-time Director
• Mrs. Varsha Mukesh Mehta (DIN: 09155275) - Re-appointed as Whole-time Director

Shareholding Structure and Participation

The company's total outstanding shares stand at 2,523,584, with the promoter and promoter group holding 1,818,256 shares and public non-institutional shareholders holding 705,328 shares. The 60,500 votes cast represented 2.3974% of the total outstanding shares and 8.5776% of public non-institutional shareholding.

Compliance and Documentation

The scrutinizer's report was prepared by Krushang Shah & Associates, with Krushang Rajenkumar Shah serving as the appointed scrutinizer. The report confirmed that no poll papers were found invalid and all voting procedures were conducted in accordance with the Companies Act 2013 and relevant rules. The company maintained full compliance with regulatory requirements, submitting all necessary documentation to BSE Limited within the prescribed timeframe.

Vriddhi Engineering Works Limited announced the outcome of its Board of Directors meeting held on February 18, 2026, where key decisions were made regarding leadership continuity through director reappointments and scheduling of an Extraordinary General Meeting for shareholder approval.

Board Meeting Decisions

The Board of Directors, in their meeting held on February 18, 2026, approved the reappointment of three key directors for three-year terms. The meeting commenced at 4:30 P.M. and concluded at 5:00 P.M., addressing critical governance matters requiring shareholder approval.

Extraordinary General Meeting Schedule

The board approved the Notice of Extraordinary General Meeting to be held on March 12, 2026, at 11:00 a.m. at the company's registered office located at 1317, Hubtown Solaris, N.S Phadke Marg, Andheri East, Mumbai. The EGM will address three special business items, all requiring special resolutions for the director reappointments. The cut-off date for voting eligibility has been set as March 5, 2026.

Director Profiles and Experience

Mrs. Bindi Kunal Mehta has been associated with the company since its inception on October 27, 2020. She holds a Bachelor of Commerce degree from Mumbai University and a Diploma in Fashion Designing, bringing over 15 years of business industry experience. She currently holds 17,76,168 equity shares and received Rs. 17.20 lakhs in remuneration during the previous financial year. She was recognized as Iconic Iron Lady (Women Entrepreneur) 2023 by Mid-day on Women's Day.

Mr. Vedant Mukesh Mehta holds a Post Graduate Diploma in Business Management from IRMA and previously worked at ITC Limited in various capacities. He is responsible for supply chain, imports and operations of the company. He currently holds 5,000 equity shares and received Rs. 11.72 lakhs in the previous financial year.

Mrs. Varsha Mukesh Mehta joined the company on December 22, 2022, and holds a secondary school certificate. She currently holds 10,144 equity shares and received Rs. 14.47 lakhs in the previous financial year. All three directors are related to each other and have no relations with other company directors.

Remuneration Structure

Each reappointed director will receive remuneration not exceeding Rs. 50,00,000 per year, comprising Rs. 12,50,000 as basic salary and Rs. 37,50,000 as perquisites. The salary structure can be reviewed and revised by the Board within the limits prescribed under the Companies Act 2013 during their appointment term.

Financial Performance Overview

The company's financial performance demonstrates consistent growth trajectory:

Company Operations and Future Outlook

Vriddhi Engineering Works Limited, formerly known as Vriddhi Steel Limited, operates as a leading manufacturer, supplier and exporter of Rebar Couplers and various engineering products. The company is implementing value-added product development to enhance profitability, with expected productivity and profit increases of around 15% compared to the last financial year. Krushang Shah, Company Secretary, has been appointed as Scrutinizer for the voting process at the EGM.