Scrutinizers'' report for the 33rd Annual General Meeting (AGM) of the company held on Tuesday i.e. 12th August, 2025.
GANDHAR · price
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Gandhar Oil Refinery held its 33rd AGM on August 12, 2025 via video conferencing, where all 10 resolutions were passed with the required majority. Shareholders approved the audited financial statements for FY25 and a final dividend of Rs. 0.50 per share (25%) on the face value of Rs. 2. They also approved the re-appointment of Mr. Samir Parekh (retiring by rotation) and Mr. Ramesh Parekh as Managing Director for 5 years, plus Ms. Amrita Nautiyal as Independent Director for a second 5-year term. Additionally, M/s. KJK & Associates were appointed as new Statutory Auditors for 5 years and CS Vishal N Manseta as Secretarial Auditor for 5 years. Out of 97.88 million total shares, around 66.38% (64.97 million) were polled through e-voting, with most resolutions receiving over 99.99% support; only the auditor appointment (97.57%) and MD re-appointment (97.56%) saw slightly higher dissent, largely from institutional shareholders.
Routine procedural clearance — shareholders have approved the dividend and all governance proposals, with strong promoter backing (99.6% polling rate). The relatively higher dissent on the statutory auditor and MD re-appointment (around 2.4% against) is notable but not material enough to affect the outcome.