Bhandari Hosiery Exports Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 28, 2025
BHANDARI · price
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Bhandari Hosiery Exports Limited held its 32nd AGM on August 28, 2025, where all six resolutions were passed with overwhelming majority (over 99.79% in favor). The resolutions included adoption of the audited financial statements for FY ending March 31, 2025, declaration of a dividend on equity shares for FY 2024-25, reappointment of Mr. Rajesh Kumar as a director retiring by rotation, appointment of M/s Rajeev Bhambri & Associates as Secretarial Auditor for 5 years, and appointment of Mr. Rohit Kumar Chhabra and Ms. Sharon Arora as Non-Executive Independent Directors. Of 104,276 shareholders on record date, total votes exercised stood at approximately 6.33 crore shares, representing only 26.39% of outstanding shares. Promoter group voted with 78.74% of their holdings, while public participation was notably low at just 2.85% of public shares. The meeting lasted only 30 minutes (9:30 AM to 10:00 AM) with 35 shareholders attending in person.
The successful passing of all resolutions confirms shareholder confidence in company management and enables dividend distribution for FY 2024-25. The appointment of two new independent directors strengthens board oversight. However, low public shareholder participation (less than 3% of public shares) is worth noting, though this is common in promoter-heavy companies.