Proceeding of 43rd Annual General Meeting of the Company held on Friday, September 26, 2025
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Coral Laboratories held its 43rd AGM on September 26, 2025 via video conferencing, lasting about 13 minutes (12:03 PM to 12:16 PM) with 32 members present. All directors attended the meeting chaired by Mrs. Sushma Kadkade (Director and CFO). Ten resolutions were tabled covering adoption of FY25 audited financials, declaration of final dividend, reappointment of two retiring directors (Mr. Girish Dhameja and Mr. Rajendrasinh Rana), ratification of cost auditor remuneration, approval of remuneration to a non-executive director, appointment of a new secretarial auditor (M/s. SARK & Associates LLP), alteration of the Memorandum of Association, and payment of remuneration to Ms. Meera Doshi. Resolutions 1 to 9 were passed with requisite majority, but Resolution No. 10 (remuneration to Ms. Meera Doshi) was not passed. The detailed voting results and scrutinizer's report were to be shared separately within 48 hours.
Routine AGM with final dividend confirmed for FY25, supporting shareholder returns. However, the rejection of Resolution No. 10 regarding remuneration to Ms. Meera Doshi is notable and may indicate shareholder dissent on governance or related-party compensation matters, warranting attention from investors. Detailed voting percentages are awaited for fuller assessment.