Details of voting results and scrutinizer report on postal ballot
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El Forge Limited held its 89th Annual General Meeting on June 20, 2025, and all four resolutions were passed unanimously. Total votes polled were 8,491,719 out of 20,324,304 outstanding shares (41.78% turnout). The promoter group (holding 8,295,627 shares) voted 100% in favour, while public non-institutional shareholders polled 196,092 votes (1.63% of public holding), all in favour. The four resolutions covered: (1) adoption of audited financial statements for FY ended March 31, 2025 (Ordinary), (2) reappointment of Mr. V. Srikanth as Director via rotation (Ordinary), (3) reappointment of Mr. K V Ramachandran as Vice Chairman & Managing Director (Special), and (4) appointment of Mrs. Satyadevi Alamuri as Secretarial Auditor for FY 2025-26 (Ordinary). E-voting was conducted from June 17-19, 2025 via NSDL, with Scrutinizer Satyadevi Alamuri confirming no invalid votes.
All resolutions passed with full support from voting shareholders, including a smooth reappointment of the Managing Director and approval of the secretarial auditor. The unanimous approval with no dissent signals stable management and shareholder alignment, though the low public participation (just 1.63% of public shares voted) is worth noting as it limits broader minority shareholder voice on key decisions.