EGM results: name change to Auro Impex & Power and MD pay hike approved

Board & Shareholder Meetings View source PDF Explain this filing

AUROIMPEX · price

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AI summary

At the EGM held on October 15, 2026, all three special resolutions were approved. Change of company name from Auro Impex & Chemicals Limited to Auro Impex & Power Limited passed unanimously with 8,807,200 votes (100% in favor). Alteration of the Main Object Clause of the Memorandum of Association also passed unanimously with the same vote count. Revision of remuneration for Managing Director Madhusudan Goenka passed with 99.69% in favor (5,28,400 votes) and 0.31% against (1,600 votes). Voting turnout was 72.18% of 1,22,00,800 outstanding shares.

Likely market impact

Name change to Power suggests a strategic pivot from chemicals into the power business. MD pay revision also greenlit, minor dissent noted.