Ceigall India Limited has submitted the Exchange a copy Srutinizers report and Voting Results under Reg. 44(3) of Annual General Meeting held on September 29, 2025
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Ceigall India Limited held its 23rd AGM on September 29, 2025, via video conferencing from 2:30 PM to 3:24 PM, with 75 shareholders attending (1 promoter, 74 public) out of 1,67,880 shareholders on record. All 8 resolutions were passed with the required majority, including adoption of audited FY25 standalone and consolidated financial statements, re-appointment of Mr. Ramneek Sehgal (retiring by rotation), re-appointment of Mr. Arun Goyal as Independent Director, appointment of Secretarial Auditors, ratification of Cost Auditor remuneration for FY26, increase in borrowing limits under Section 180(1)(C), creation of charges on company assets, and appointment of Dr. Sudhir Rao Hoshing as Whole Time Director. Approval percentages ranged from 99.44% (for borrowing limit and charge creation) to 99.99% (for most other resolutions). Mr. Ramneek Sehgal abstained from voting on his own re-appointment resolution. Institutional investors showed mild dissent (~7%) on the borrowing limit increase, while non-institutional public holders showed about 20% dissent on most resolutions.
All resolutions passed with overwhelming majority, indicating strong shareholder confidence. The approved increase in borrowing limits and ability to create charges on assets signal the company's intent to take on more debt, which is significant for an infrastructure/construction company needing capital for projects. Appointment of a new Whole Time Director brings fresh leadership. No negative impact on shareholders; routine governance matters approved.