Voting Results and Scrutinizers Report of the 40th Annual General Meeting held on September 29, 2025.
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Synthiko Foils Limited held its 40th Annual General Meeting on September 29, 2025, via video conferencing. All 13 resolutions were passed with overwhelming majority, with approximately 9.78 lakh votes cast in favor (over 99.99%) and negligible votes against. Key resolutions included adoption of audited accounts for FY ending March 31, 2025, appointment of statutory auditors, and induction of several directors including Mr. Abhishek Narbaria as Managing Director, Mr. Tarun Dinesh Agarwal and Ms. Gayathri Srinivasan Iyer as Independent Directors, and Mr. Umesh Kumar Sahay and Mr. Nikhil D. Bhuta as Non-Executive Directors. Special resolutions approved an increase in borrowing limits under Section 180, loans/investments under Sections 185 and 186, and shifting of the registered office from Mumbai to Pune. Shareholders also approved consolidation of face value from Rs. 5 to Rs. 10 per share, with corresponding amendments to the capital clause of the Memorandum of Association.
The clean sweep of all resolutions signals strong shareholder support for the company's strategic direction, including a potential capital restructuring (face value consolidation), shift of registered office, and expanded borrowing capacity. Investors should note the corporate office was already in Pune, so the registered office shift formalizes existing operations, while the expanded borrowing limits may pave the way for future debt-funded expansion.