Please find enclosed herewith Combined Scrutinizer Report for Remote e-voting and voting at the AGM carried out for the 43rd Annual General Meeting of the Company held on Friday, September ....
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Coral Laboratories Ltd held its 43rd Annual General Meeting on September 26, 2025 via video conferencing, with shareholders voting on 10 resolutions through remote e-voting and e-voting at the meeting. Out of 10 resolutions, 9 were passed with requisite majority, including adoption of FY25 audited financial statements, declaration of equity dividend, re-appointment of directors Mr. Girish Dhameja and Mr. Rajendrasinh Rana, appointment of statutory auditor, ratification of cost auditor remuneration, approval of remuneration to non-executive director Mrs. Sushma Kadkade, appointment of SARK & Associates LLP as secretarial auditor, and alteration of the Memorandum of Association. Resolution No. 10, seeking approval to pay remuneration and other facilities to Ms. Meera Doshi (who holds an office or place of profit), was NOT passed — the promoter group abstained entirely (0 votes) and 52.92% of non-promoter votes were cast against the proposal. Total shares voted on most resolutions stood at 2,691,822, representing strong promoter participation of 2,554,804 shares along with 137,018 non-promoter shares.
Routine AGM items including dividend declaration and MoA amendment have shareholder backing with near-unanimous support, signaling routine governance. However, the defeat of Resolution 10 — a related-party remuneration item — suggests non-promoter shareholders remain cautious about such payouts and the company will need to revisit or drop this proposal, which may create a small governance overhang.