Submission of Scrutinizer report and voting results of 34th Annual General meeting held on 14th July, 2025
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Abate As Industries Ltd (formerly Trijal Industries) held its 34th AGM on 14th July 2025 via video conferencing, where all 14 resolutions were passed with overwhelming shareholder approval of about 99.99%. Out of 7.88 crore total outstanding shares, around 6.54 crore shares (roughly 83%) were voted, and only 10 shares were cast against each resolution. Key items approved include adoption of FY25 audited financials, re-appointment of three directors, appointment of three new independent directors, increase in authorised share capital, and issue of bonus shares through capitalisation of securities premium and reserves. Shareholders also approved continuation of a director past 75 years of age and material related party transactions for FY24-25 and FY25-26. The scrutinizer was Mr. S. Vasudevan of Lakshmmi Subramanian & Associates.
The approval of bonus shares and higher authorised capital points to potential expansion or rewards for shareholders, though bonus issuance will increase the share count and may dilute earnings per share. The clean sweep of approvals with negligible dissent suggests stable promoter control and smooth governance, with no material shareholder opposition to the board's plans.