Shining Tools Limited successfully conducted its Extra-Ordinary General Meeting (EGM) on March 10, 2026, through video conferencing, securing unanimous shareholder approval for three key director appointments. The meeting, chaired by Managing Director Mr. Vipulbhaji Laljibhai Ghonia, commenced at 11:30 a.m. IST and concluded at 11:42 a.m. IST, demonstrating efficient corporate governance practices.

Meeting Structure and Participation

The EGM was conducted entirely through video conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars. The meeting accommodated up to 1,000 shareholders on a first-come, first-served basis, with seven members ultimately participating - two from the promoter group and five from the public category.

Director Appointments and Voting Results

The primary agenda focused on regularizing the appointments of three Additional Independent Directors to Non-Executive Independent Director positions. All resolutions were classified as special resolutions and received overwhelming support from shareholders.

Approved Appointments:

• Mr. Shaileshbhai Durlabhjibhai Sagpariya (DIN: 10068422)
• Mr. Jay Bharatbhaji Pansuria (DIN: 09344720)
• Mr. Akshar Jagdish Patel (DIN: 02908224)

Comprehensive Voting Analysis

The voting process combined remote e-voting and e-voting during the meeting, demonstrating strong shareholder confidence in the proposed appointments.

E-Voting Process and Timeline

The company implemented a comprehensive voting mechanism to ensure maximum shareholder participation. Remote e-voting commenced on March 7, 2026, at 09:00 a.m. IST and concluded on March 9, 2026, at 05:00 p.m. IST. Additionally, shareholders present during the meeting could cast votes through e-voting facilities available during and within 15 minutes after the meeting's conclusion.

Board Composition and Attendance

The meeting was attended by key board members including Mr. Kamalbhaji Laljibhai Ghonia (Whole Time Director) and the three Additional Independent Directors whose appointments were being regularized. Notably, Mr. Abhishek Dobaria Arvindbhai (Executive Director) and Mrs. Kiranben Vipulbhaji Ghonia (Non-Executive Non-Independent Director) were absent due to prior commitments. CA Vishvesh Shah, Partner of the company's Statutory Auditors, and Mr. Sachin Thakkar from M/s Sachin Thakkar and Associates, who served as Scrutinizer for the voting process, also participated in the meeting.

The unanimous approval of all three director appointments reflects strong shareholder confidence in the company's leadership expansion and governance structure. The 100% approval rate across all resolutions, with zero dissenting votes, underscores the shareholders' trust in the proposed independent directors' capabilities to contribute effectively to the company's strategic direction.

Shining Tools Limited has announced the reconstitution of its key Board committees following a meeting of the Board of Directors held on February 11, 2026. The restructuring encompasses three critical governance committees that oversee various aspects of corporate operations and compliance.

Audit Committee Reconstitution

The company has appointed new leadership for its Audit Committee, with Shaileshbhai Durlabhjibhai Sagpariya taking over as Chairperson. The reconstituted committee structure includes both independent and executive directors to ensure balanced oversight.

Nomination and Remuneration Committee Changes

The Nomination and Remuneration Committee has been restructured with Kiranben Vipulbhai Ghonia appointed as Chairperson. The committee maintains a composition of non-executive directors to ensure independent decision-making in matters related to appointments and compensation.

Stakeholder Relationship Committee Formation

The Stakeholder Relationship Committee has been constituted with Kiranben Vipulbhai Ghonia serving as Chairperson. This committee will focus on addressing stakeholder concerns and maintaining effective communication channels.

Administrative Support

Ms. Sneha Dhaval Shah, Company Secretary and Compliance Officer, will serve as secretary for all three reconstituted committees. This appointment ensures consistent administrative support and compliance oversight across the committee structure. The reconstitution reflects the company's commitment to maintaining robust governance frameworks and regulatory compliance standards.