Ganesha Ecosphere Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 27, 2025
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Ganesha Ecosphere Limited filed the voting results of its 36th AGM held on September 27, 2025 at Raipur, Kanpur Dehat. All seven resolutions were passed, covering adoption of audited standalone and consolidated financial statements for FY25, confirmation of interim dividend and declaration of final dividend on equity shares, re-appointment of director Vishnu Dutt Khandelwal (retiring by rotation), ratification of cost auditor remuneration for both the 'Yarn' and 'Recycled Polyester Staple Fibre' businesses, approval of material related party transactions with GESL Spinners Private Limited, and appointment of S.K. Gupta & Co. as secretarial auditor for five years. Shareholder turnout was healthy at about 71.75% of outstanding shares, with 62,623 shareholders on record. Most resolutions passed with over 99% support, but the related party transaction resolution drew notable dissent, with only 88.92% in favour and roughly 11.08% against, including 12.36% opposition from public institutional shareholders. The director re-appointment also saw 4.9% dissent, again driven by institutional shareholders.
Dividend approval is a routine positive for shareholders. However, the meaningful institutional opposition to the related party transaction with GESL Spinners (a promoter-group entity) flags governance scrutiny and is worth monitoring, though it still passed comfortably.