Disclosure of Voting Results of Ballot paper pursuant to Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The company held its 41st AGM on 30 September 2025 where 5 resolutions were put to vote. Of these, 2 ordinary resolutions were passed: adoption of audited financial statements for FY ended 31 March 2025 (passed with 100% in favour, 11.17 crore shares) and reappointment of Shri. Karabhari Dhatrak as director retiring by rotation (passed with 76.12% in favour). However, 3 special resolutions were DEFEATED with 100% votes against them: appointment of Shri. Dilip Madhavrao Sanap as Independent Director, appointment of Smt. Suvarna Prakash Kute as Independent Director, and appointment of M/s Ritika A Agarwal Associates as Secretarial Auditors for 5 years. Notably, promoter group holding ~76% stake (8.5 crore shares) abstained from voting on the 3 special resolutions, allowing public non-institutional shareholders (2.67 crore shares) to unanimously reject them.
The defeat of all 3 special resolutions is a significant negative signal — the company will need to find alternative independent directors and a different secretarial auditor. The promoter group's abstention on special resolutions combined with 100% public rejection raises governance red flags and may indicate internal disagreement or shareholder dissatisfaction with these specific appointments.