Outcome of 22nd Annual General Meeting of the Company.
Price
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Awaiting price reaction for this filing.
Facor Alloys Limited held its 22nd AGM on Monday, September 29, 2025, via video conferencing from 4:00 PM to 4:20 PM, with all 7 directors and 45 members in attendance. The meeting adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2025, along with the Board of Directors' and Auditors' Reports. As special business, members considered the re-appointment of Mr. Murlidhar Durgaprasadji Saraf (DIN: 00011966) as a director retiring by rotation, ratification of cost auditors' remuneration, and appointment of secretarial auditors for a five-year term. The statutory and secretarial auditors had flagged observations regarding non-consolidation of financial statements of overseas subsidiaries, which the Board noted were already addressed in the Directors' Report. Voting results will be submitted to the stock exchanges within 48 hours of the meeting's conclusion.
This is a routine procedural filing with no material corporate action announced, so it is unlikely to move the stock price. Shareholders should watch for the voting results within 48 hours to confirm the outcome of the resolutions, particularly the auditor appointments and director re-appointment.