VOTING RESULTS OF 50TH ANNUAL GENERAL MEETING OF AGRIBIO SPIRITS LIMITED
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Agribio Spirits Limited held its 50th AGM on September 30, 2025 at its registered office in Jaipur, where all 10 resolutions were passed with 100% approval from shareholders. Key items approved include adoption of audited financial statements for FY25, declaration of a final dividend on equity shares, reappointment of Mrs. Puja Bajoria as Non-Executive Director (promoters abstaining with 4,709,567 shares), and reappointment of statutory and secretarial auditors. Special resolutions cleared an increase in borrowing limits under Section 180(1)(c), permission to create mortgage/charge on assets under Section 180(1)(a), and approval for loans/guarantees under Section 185. A material related party transaction was also approved, with promoters again abstaining. Remote e-voting saw 50,25,775 shares vote in favour with just 2 shares against, while 7,99,082 shares voted in favour via ballot papers at the AGM.
All resolutions passed with overwhelming support, signalling smooth shareholder alignment on governance and capital decisions. The approved higher borrowing limits and related party transaction clearance give the company greater flexibility for future fundraising or expansion, while the declared final dividend offers a direct return to shareholders.