Engineers India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2025. Further, the company has informed the Exchange regarding voting results.
ENGINERSIN · price
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Engineers India Limited submitted the voting results and Scrutinizer's Report for its 60th AGM held on September 24, 2025, via video conferencing. All 13 resolutions were passed with requisite majority, including adoption of audited financial statements for FY25, declaration of a final dividend, appointment of statutory and secretarial auditors, and several director appointments. Polling was conducted through remote e-voting and e-voting at the AGM, with about 69% of total shares (around 388.7 million) participating. Most resolutions saw near-unanimous support, but a few director appointments drew notable opposition: resolutions regarding the appointments of Shri Subhas Balakumar (Director-Projects) and Shri Kapil Verma (Government Nominee Director) were each voted against by a majority of institutional shareholders (roughly 52–54% against), even though promoter support pushed the final result to a pass. Voting on the re-appointment of Shri Sanjay Jindal and Shri Atul Gupta was also closely contested, with institutional holders nearly evenly split.
All agenda items are approved, so the final dividend and new board composition take effect as planned. However, the visible resistance from institutional investors to certain government-nominee and functional director appointments is a mild negative signal, suggesting some friction with professional shareholders on board selections, though it is unlikely to move the stock meaningfully in the short term.