Cords Cable Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 29, 2025
CORDSCABLE · price
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Cords Cable Industries Limited held its 34th Annual General Meeting on September 29, 2025, in New Delhi, and all 10 resolutions were passed with overwhelming shareholder support. Adoption of audited financial statements for FY ended March 31, 2025 was approved with 99.99% votes in favor. Re-appointment of Mr. Naveen Sawhney (DIN 00893704) as Managing Director for 3 years received 97.57% approval. Two new directors were appointed: Mr. Pawan Kumar Maheswari as Whole-Time Director and Mr. Praveen Verma (DIN 01876083) as Non-Executive Independent Director. Increase in remuneration for Mr. Varun Sawhney (VP Marketing, IT & HR) and Mr. Gaurav Sawhney (VP Finance & Banking) was also approved, though promoter group members abstained from voting on these two specific resolutions (Items 7 and 8). Secretarial auditors were appointed for a 5-year term.
Strong majority backing on all resolutions signals investor confidence in current management and board continuity. Approval of promoter family remuneration increases may be viewed neutrally as routine governance, while new director appointments strengthen the board. The abstention of promoters on their own pay resolutions reflects standard related-party governance practice.