Submission of Scrutinizer Report for the 34th AGM
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Ecoboard Industries held its 34th AGM on September 30, 2025 via video conference, where all 5 resolutions were passed with overwhelming shareholder support. Key items approved include: adoption of FY25 standalone financial statements (99.9999% in favor), re-appointment of Managing Director & CEO Mr. Ramakrishna Raju Guttumukkala via retirement by rotation, and appointment of Mr. Praveen Kumar Raju Gottumukkala as Whole-time Director & CFO (special resolution). Material related party transactions with Western Bio Systems India Pvt. Ltd were also approved, though promoter group votes (10,221,543 shares) were excluded as they were deemed interested in this resolution. Appointment of Secretarial Auditors was also confirmed. Out of 11,700 shareholders on record date, only 33 attended via video conferencing (3 promoters, 30 public).
All resolutions passed with near-unanimous support (over 99.96%), indicating strong shareholder alignment with management. The reappointment of the MD/CEO and elevation of Mr. Praveen Kumar Raju to WTD & CFO signals continuity in leadership. The related party transaction approval with Western Bio Systems normalizes an ongoing connected-party arrangement, which minority shareholders should monitor for terms.