Credo Brands Marketing Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 22, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
MUFTI · price
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Credo Brands Marketing Limited (parent of the MUFTI brand) held its 26th Annual General Meeting on September 22, 2025, via video conferencing, chaired by Mr. Kamal Khushlani. All seven resolutions on the agenda were passed with the requisite majority, including adoption of the audited standalone and consolidated financial statements for FY25. Shareholders approved a dividend of Rs. 3.00 per equity share for the financial year ended March 31, 2025, with 99.72% votes in favour. Other resolutions approved were the re-appointment of Dr. Manoj Nakra (retiring by rotation), re-appointment of Mr. Amer Jaleel as Independent Director, approval of a related party transaction with SmartGlobal Solutions and Services, and appointment of Secretarial Auditors. Of the 76,686 shareholders on the cut-off date (September 15, 2025), 57 attended via VC (4 from promoter group, 53 from public), and all business was concluded within an hour.
The Rs. 3 per share dividend rewards shareholders for FY25, and the clean passage of all resolutions — including a related party transaction — indicates strong investor confidence with no material dissent. The Amer Jaleel re-appointment saw comparatively lower support (~94%) because promoter shareholders abstained, but it still passed comfortably, so no governance red flags for retail investors.