Details of Voting results & scrutinizer''s report of the 40th Annual General Meeting of the Company
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Elegant Marbles & Grani Industries Ltd held its 40th AGM on July 16, 2025, which concluded in just 24 minutes (9:00 AM to 9:24 AM). All five resolutions were passed unanimously with 100% votes in favour and zero votes against. The total votes polled were 21,04,687 shares, representing 71.03% of the 29,63,000 outstanding equity shares. Of these, promoters voted with 21,02,056 shares (99.41% of their holding) while public non-institutional shareholders cast only 2,631 votes (0.31% of their holding). Key resolutions included adoption of FY25 audited financial statements, declaration of a final dividend of Re. 1 (10%) per equity share, re-appointment of Mrs. Yogita Agrawal as a director, appointment of Somani & Associates as secretarial auditors for five years, and appointment of Mr. Ketan Chokshi as Independent Director (a special resolution).
This is a routine, smooth AGM with no surprises — all resolutions sailed through with zero dissent, indicating strong promoter-driven decision-making (promoters hold about 71% of equity). Shareholders will receive a Re. 1 per share dividend. The negligible public participation in voting (only 0.31% of public shares polled) reflects low free-float engagement, typical for such small-cap, promoter-heavy companies. No material governance red flags, but also no signals of independent shareholder activism.