Please find attached herewith Scrutinizer report of Extra-Ordinary General Meeting held on March 31, 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Dhanlaxmi Fabrics Limited held an Extra-Ordinary General Meeting on March 31, 2025 via video conferencing, where all five resolutions were passed. Two special resolutions appointed/re-appointed independent directors — Mr. Darshan Tarachand Jain and Mr. Athul Basant Rungta — for a 5-year term, each approved by 97.69% of votes polled. Two executive director re-appointments followed: Mr. Mukul Vinod Jhawar as Whole-Time Director (96.80% in favour) and Mr. Mahesh Sohanlal Jhawar as Director (96.68% in favour); promoter votes were excluded from these two resolutions due to related-party interest. The fifth special resolution approved the sale and disposal of the company's wholly-owned subsidiary, DFL Fabrics Private Limited, under Section 180(1)(a) of the Companies Act, 2013, with 87.35% of public votes in favour and 12.65% against. The meeting lasted just 24 minutes and was attended by 17 shareholders (6 promoter group, 11 public).
Mostly routine board reconstitution with strong shareholder backing, but the subsidiary divestment is the most material item — while it passed, it saw the lowest approval (~87%) and notable 12.65% dissent from public shareholders, so investors should watch for further details on the sale terms and proceeds from DFL Fabrics Private Limited.