Regulation 44 of SEBI (LODR) Regulations, 2015
ASTAR · price
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Asian Star Company Limited held its 31st AGM on September 29, 2025 via video conferencing, where 8 resolutions were put to vote. Key items included adoption of audited financials for FY ended March 31, 2025, declaration of a dividend of Rs. 1.50 per equity share, re-appointment of two retiring directors, appointment of secretarial auditors, and re-appointment of Mr. Vipul P. Shah as CEO & MD for 5 years, along with re-appointment of Mr. Arvind T. Shah and Mr. Rahil V. Shah as Whole-time Directors for the period January 1, 2026 to December 31, 2030. Voting was conducted via remote e-voting from September 26-28, 2025 and during the AGM, with 20 of the 1,108 eligible shareholders attending (5 promoters, 15 public). All 8 resolutions passed with an overwhelming 99.99% of votes in favor (14,564,125 shares), with only 4 votes cast against each resolution. The Scrutinizer, Yogesh D. Dabholkar & Co., confirmed the results are valid.
Shareholders approved a Rs. 1.50 per share dividend for FY25 and confirmed leadership continuity by re-appointing the CEO/MD and two Whole-time Directors. The near-unanimous vote reflects strong shareholder support and is unlikely to have any negative impact on the stock price.