Please find the enclosed Scrutinizer''s Report pertaining to the Voting results of the 44th AGM held on July 31, 2025
ELCIDIN · price
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Elcid Investments Limited held its 44th AGM on July 31, 2025, via video conferencing from 3:00 PM to 3:18 PM. The company is an NBFC primarily focused on investments, with a core holding in Asian Paints Limited as part of the promoter group. All 8 resolutions were passed with over 99.99% approval — these included adoption of FY25 financial statements, declaration of a final dividend of ₹25 per equity share, re-appointment of Mr. Varun Vakil as director, appointment of Ms. Amrita Vakil as Whole Time Director, appointment of Mrs. Ragini Vakil as Non-Executive Director, appointment of Ms. Margarette Shwetha Thomas as Independent Director, re-appointment of Mr. Essaji Vahanvati as Independent Director, and appointment of Ruchi Kotak & Associates as Secretarial Auditor. Out of 2,830 total shareholders on record, only 17 attended (6 promoter group + 11 public). Total shares polled were 1,51,685 out of 2,00,000, representing 75.84% voting participation.
Shareholders can expect the ₹25 per share dividend to be paid as approved. Board continuity is confirmed with key appointments of family members and independent directors, signalling stability. Low attendance and high promoter voting concentration mean outcomes were largely predetermined.