Enviro Infra Engineers Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 28, 2025
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Enviro Infra Engineers Limited held its 15th Annual General Meeting on August 28, 2025, via video conferencing, with 9 resolutions put to e-vote. All 9 resolutions were passed, but promoters (holding 12.31 crore shares, ~70% stake) abstained from voting on Resolutions 3, 4, and 5, where they were considered interested parties related to director remuneration. Adoption of audited financial statements (Resolution 1) passed with 100% approval. Re-appointment of Mr. Sanjay Jain as Chairman & Whole-time Director (Resolution 3) saw the highest dissent at 34.4% votes against, primarily from institutional investors. Remuneration approval for Mrs. Ritu Jain (Resolution 5) also faced 39.4% dissent. Resolutions to increase borrowing limits under Section 180(1)(c) and to create charges on company assets both passed with over 99% support. Re-appointment of Mr. Manish Jain as Managing Director passed with 99.9% support.
Shareholders have approved all agenda items, including expanded borrowing authority for the company, which could enable higher debt-raising capacity. However, the significant dissent from institutional investors on the re-appointment and remuneration of certain promoter-family directors (Sanjay Jain and Ritu Jain) signals governance concerns that investors may want to monitor going forward.