Garnet Construction Ltd

AGM details

• Annual General Meeting held on 30 September 2026 at 11:00 a.m. via VC/OAVM.
• Record date for eligibility set as 23 September 2026 for voting.
• Remote e-voting ran 27–29 September 2026; votes tallied after AGM.

Key resolutions

• Item 1: Adoption of audited financial statements for FY2025-26; ordinary resolution; passed.
• Item 2: Re-appointment of Arun Kedia by rotation; ordinary resolution; passed.
• Item 3: Regularisation of Ms. Chahat Sanjaykumar Kedia as director; ordinary resolution; passed.
• Item 4: Appointment of Mr. Arunkumar Kedia as managing director for five years; special resolution; passed.
• All resolutions approved with requisite majority.

Governance changes

• Ms. Chahat Sanjaykumar Kedia regularised as director.
• Mr. Arunkumar Kedia appointed Managing Director for five-year term.

AGM Details

• Date and time: 30 September 2026, 11:00 a.m.
• Mode: Online via OAVM with video conferencing

Key Resolutions

• Adoption of audited financial statements for the year ended 31 March 2025.
• Re-appointment of Shri Arun Kedia by rotation.
• Naturalization of Ms. Chahat Kedia as normal director.
• Appointment of Arun Kedia as Managing Director for five years.

Voting Status

• Scrutinizer’s report and voting results to be declared on the company website.

Director Changes

• Ms. Chahat Kedia naturalized as normal director.
• Arun Kedia appointed as Managing Director for five-year term.

Garnet Construction Ltd trading window closed from 1 October 2026 until 48 hours after the declaration of unaudited financial results for the quarter ended 30 September 2026.

AGM Details

• 34th AGM on Sep 30, 2026 at 11:00 a.m. via VC/OAVM.
• Deemed venue: Registered Office; no physical attendance.
• Record/Book closure: 25–29 Sep 2026.
• Remote e-voting window: 27–29 Sep 2026.
• Voting cut-off date: 23 Sep 2026.

Key Resolutions

• Ordinary Business: Adopt audited financials for year ended Mar 31, 2026.
• Ordinary Business: Reappointment of Arun Kumar Kedia as Director on rotation.
• Special Resolution: Appoint Ms. Chahat Kedia as Director.
• Special Resolution: Approve Arun Kedia as Managing Director for 5 years with Rs 2.5 lakh monthly.

Voting Status

• Voting results not provided in this notice.

Director Changes

• Ms. Chahat Kedia appointed Director (Normal Non-Independent).
• Arun Kumar Kedia reappointed as Director on rotation.

MD Appointment & Remuneration

• MD appointment for five years; basic salary Rs 2.5 lakh per month; Schedule V.
• Board authorized to implement terms as approved.

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved by the Board.

Audit and reporting

• Audit Committee reviewed results; statutory auditors reviewed; limited review report attached.

Accounting policy and segment

• Revenue recognition aligned with Ind AS 115; single Real Estate Development segment.

Regulatory compliance

• Results reviewed under SEBI LODR Regulation 33; Board approval dated 14 Aug 2026.

Auditor remarks

• Independent auditor's limited review concluded no material misstatement.

Notes / segment information

• Company operates in a single Real Estate Development segment in India; prior-period figures regrouped.

Meeting Details

• Date and venue: 14 August 2026 at registered address 501/531, Laxmi Mall, Andheri West, Mumbai 400053.

Key Agenda Items

• Consider and take on record unaudited standalone financial results for the quarter ended 30 June 2026.

Other Notes

• Trading window closure not specified in the filing.

Dematerialisation status and ownership update

• Dematerialisation requests were confirmed to depositories (accepted/rejected) and listed on exchanges.
• Security certificates received for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner.
• Depository name substituted as registered owner in records within prescribed timelines.

Demise of Managing Director & CFO

• Mr. Kishankumar Kedia, Promoter, Managing Director & CFO, deceased on 22-02-2026

Appointment of Director

• Ms. Chahat Sanjaykumar Kedia appointed as Additional Director effective 23-03-2026
• Appointment subject to shareholder approval
• She is pursuing Graduation
• Daughter of Sanjaykumar Kedia, no other director relationships disclosed

Appointment of Chief Financial Officer

• Ms. Nikita Poddar appointed as CFO effective 23-03-2026
• Associate Member of Institute of Chartered Accountants of India with 8+ years experience
• No relationship with other directors

Board Decisions

• Board noted the demise of Promoter, MD & CFO Mr. Kishan Kedia
• Ms. Chahat Sanjaykumar Kedia appointed as Director, subject to approvals
• Ms. Nikita Poddar appointed as Chief Financial Officer (CFO)