Submission of the outcome of 32nd Annual General meeting.
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Awaiting price reaction for this filing.
Astal Laboratories Ltd (formerly Macro International Limited) held its 32nd AGM on September 12, 2025 via video conferencing, with 19 members present. The meeting was chaired by Whole Time Director Mr. Sudheer Karna Kankanala and lasted about 33 minutes. Shareholders approved the audited financial statements for FY ending March 31, 2025, the re-appointment of Non-Executive Director Ms. Ravikanti Shailaja (who retires by rotation), and the appointment of M/s. Mahendra Khandelwal & Co. as Secretarial Auditors. Importantly, four special resolutions were also passed seeking shareholder approval to increase the company's borrowing limits under Section 180(1)(c), to create mortgage or charge on company assets under Section 180(1)(a), to make investments and give loans or guarantees under Section 186, and to approve transactions under Section 185 of the Companies Act, 2013. The consolidated voting results will be shared with the stock exchange within 48 hours of the meeting's conclusion.
The approval to raise borrowing limits and create charges on assets suggests the company may be preparing for higher debt or expansion in the near term, which shareholders should monitor. However, since the results were pending and only the proceedings were filed, actual voting outcomes and any specific plans tied to these approvals are not yet disclosed.