Corporate Overview Statutory Reports Financial Statements 45 7. Affirmation and disclosure There were no materially significant related party transactions, pecuniary transactions or relationships between the Company and its Directors or the Management and their subsidiary companies or relatives, among others, during 2023-24 that may have a potential conflict with the interests of the Company at large. All details relating to financial and commercial transactions where the Directors may have a pecuniary interest are provided to the Board. The interested Directors neither participate in the discussion nor vote on such matters. The Company complied with the statutory provisions, rules, and regulations relating to the capital markets during the last three years and the stock exchanges or the Securities and Exchange Board of India (SEBI) or any statutory authority did not impose any penalties or strictures on the Company for the said period. 8. Shareholders’ information 8.1. Last three Annual General Meetings (AGMs) Year Location Date Time 2020-21 Through video conferencing at the deemed venue: Atul House G I Patel Marg Ahmedabad 380 014, Gujarat, India July 30, 2021 10:30 am 2021-22 Through video conferencing at the deemed venue: Atul House G I Patel Marg Ahmedabad 380 014, Gujarat, India July 29, 2022 10:30 am 2022-23 Through video conferencing at the deemed venue: Atul House G I Patel Marg Ahmedabad 380 014, Gujarat, India July 28, 2023 10:30 am 8.2. Special resolutions passed in the previous three AGMs: yes 8.3. Resolutions passed through postal ballot: During 2023-24, the businesses mentioned in 8.3.1 were passed by the members of the Company, through postal ballot, only by way of remote e-voting process (Postal Ballot process) under Section 110, read with Section 108 of the Companies Act, 2013 (the Act ), the Companies (Management and Administration) Rules, 2014, Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Regulations) and in accordance with the procedure prescribed in circular number 14/2020 dated April 08, 2020, read with the circular number 09/2023 dated September 25, 2023, issued by the Ministry of Corporate Affairs (the MCA Circulars), Secretarial Standard-2 on General Meetings issued by the Institute of Company Secretaries of India. 8.3.1 Businesses and details of voting Resolution Type of resolution Favour Against No. of votes % of votes No. of votes % of votes 1. Appointment of Mr Sharadchandra Abhyankar as an Independent Director for five consecutive years Special 2,19,41,406 92.86 16,86,112 7.14 2. Appointment of Mr Sujal Shah as an Independent Director for five consecutive years Special 1,98,44,524 83.99 37,82,993 16.01
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