Dhanuka Agritech Limited has informed the Exchange regarding 'Scrutnizer Report & Voting Results- 40th AGM 01.08.2025 '.
DHANUKA · price
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Awaiting price reaction for this filing.
Dhanuka Agritech held its 40th AGM on August 1, 2025 via video conferencing, where all 8 resolutions were passed with requisite majority. Shareholders adopted the FY25 standalone and consolidated audited financial statements and approved a final dividend on equity shares for FY25, both with near-unanimous support (over 99.99% in favour). Two promoter directors, Mahendra Kumar Dhanuka (Chairman) and Manish Dhanuka, were re-appointed via ordinary resolutions with 99.26% and 98.79% approval respectively. The appointment of M/s Ranjeet Pandey & Associates as Secretarial Auditors for five years and ratification of Cost Auditors' remuneration also passed with near-100% support. The two special resolutions on executive remuneration saw comparatively lower, though still overwhelming, support: increasing annual commission for Mahendra Kumar Dhanuka passed with 97.06% (11.39 lakh votes against, largely from public institutions at 15.28% dissent), and fixing the upper cap on promoter-director remuneration passed with 95.61% (17.03 lakh votes against, with public institutions dissenting at 22.83%).
Routine AGM clearance with a final dividend declared for FY25, mildly signalling strong shareholder confidence in the board. The notable dissent (15–23%) from public institutional investors on promoter remuneration hikes is worth watching but unlikely to materially affect the stock in the near term.