Outcome of Scrutinizer Report of AGM
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Galaxy Agrico Exports Ltd held its 31st Annual General Meeting on September 29, 2025, at its registered office in Veraval (Shapar), Gujarat. All seven resolutions were passed with the requisite majority, including the adoption of audited financial statements for FY ended March 31, 2025, reappointment of a retiring director, reappointment of statutory auditors, approval for a slump sale of business under Section 180(1)(a), appointment of a secretarial auditor, raising investment/loan/guarantee limits under Section 186, and increasing overall borrowing limits under Section 180(1)(c). A total of 12,20,076 votes (44.66% of 27,31,620 outstanding shares) were polled across the resolutions. Six resolutions received 100% support; only the statutory auditor reappointment saw dissent with 13,357 votes (1.10%) against it. M/s. Ramesh Chandra Bagdi & Associates served as the scrutinizer.
Routine procedural filing confirming AGM outcomes for shareholders. No material shareholder pushback except minor dissent on auditor reappointment. The approved slump sale resolution gives the board flexibility to divest part of the business, which shareholders should monitor for future disclosures on terms and counterparty.