Bodal Chemicals Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 26, 2025
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Bodal Chemicals has submitted the voting results of its 39th AGM, held on September 26, 2025 via video conferencing. A total of 8 resolutions were put to vote, and all 8 were passed with overwhelming approval (over 99% in favour in most cases). Key resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Rajarshi Gosh as director, appointment of M/s. B N PS and Associates LLP as new statutory auditor (replacing M/s. Naresh J. Patel & Co. due to a merger), ratification of cost auditor remuneration, appointment of M/s Shah & Shah Associates as secretarial auditor, and re-appointment of Mr. Mayank K. Mehta as Independent Director. Voting turnout was about 50% of outstanding shares for routine resolutions, but dropped to roughly 21% and 42% for the re-appointments of Mr. Suresh J. Patel (Chairman & MD) and Mr. Bhavin S. Patel (Executive Director), as the promoter group recused itself on these two resolutions.
Shareholders approved all agenda items, confirming continuity in management and auditor changes. However, the re-appointments of Mr. Suresh J. Patel and Mr. Bhavin S. Patel saw 99.99% of public institutional votes cast against them, which is a noteworthy red flag and could draw attention from governance-focused investors despite the resolutions passing on overall vote count.