VOTING RESULTS ALONGWITH SCRUTINIZER'S REPORT
CLSEL · price
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Chaman Lal Setia Exports Limited held its 31st Annual General Meeting on September 22, 2025, via video conferencing. All 7 resolutions were passed with the required majority. These include adoption of audited financial statements for FY ending March 31, 2025 (100% in favour), declaration of a final dividend of ₹2.50 per share (125% on face value of ₹2), re-appointment of two directors — Mr. Ankit Setia and Mr. Sankesh Setia — via rotation, revision of their executive director remuneration, and appointment of the secretarial auditor for five years. Voting turnout was around 77% of outstanding equity shares, with the promoter group (holding roughly 74%) voting 100% in favour of every resolution. Among public non-institutional shareholders, dissent was noticeable on dividend (~25% against), director remuneration revisions (~42% against), and one director re-appointment (~3.4% against).
Shareholders have approved a 125% final dividend and confirmed board continuity with no meaningful disruption. The high promoter-backed approval on executive pay revision suggests smooth governance, though retail investors showed visible dissent on remuneration hikes, which may draw minor governance scrutiny but is unlikely to affect the share price materially.