Scrutinizer''s Report on voting through remote e-voting and e-voting at the 79th Annual General Meeting (AGM) of Eastern Silk Industries Limited
EASTSILK · price
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Eastern Silk Industries held its 79th AGM on November 29, 2025 via video conferencing. A total of 10 resolutions were put to vote, including adoption of FY25 audited financials, re-appointment of director Mr. Ajay Bikram Singh, appointment of secretarial auditors M/s H Nitin and Associates, two special resolutions on increasing borrowing limits and creating charges under Section 180, three material related party transactions (with Warps and Wefts FZC, Design Coordinates FZC, and Mr. Ajay Bikram Singh), and remuneration approvals for two whole-time directors. All 10 resolutions were passed with the requisite majority, with 100% of valid votes in favour. For the three related party resolutions, promoter group votes of 47,50,000 were excluded as invalid since related parties cannot vote on such resolutions. Out of 4,331 total shareholders on record date, only 15 attended via video conferencing (7 promoters and 8 public).
All resolutions were passed unanimously with no votes against, signalling smooth shareholder approval on key matters including higher borrowing limits and related party deals. The increase in borrowing powers under Section 180 suggests the company may be planning to raise more debt going forward.