Scrutinizer Report for AGM held on 30th September, 2025
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Ganon Products Ltd held its 40th Annual General Meeting on September 30, 2025, via video conferencing, and all 10 resolutions were passed with overwhelming majority. A total of 2,495,378 equity shares were voted by 81 members, with 99.99% in favour (2,495,333 shares) and just 0.01% against (45 shares), and no invalid votes. Key resolutions included adoption of the FY25 audited financial statements, re-appointment of retiring director Ravindra Gopale, appointment of M/s Vijay Darji & Associates as statutory auditors and HRU & Associates as secretarial auditor. Members also approved the regularisation of four directors (including Rashmi Ranjeet Kumar, Anand Mahadevan, Tanmay Ashok Karwal, and Abhijeet Kacharu Jagtap), the appointment of Mr. Jagtap as Managing Director, and a special resolution to alter the company's main object clause in its MOA. The very low number of participating members (81) suggests a heavily concentrated, promoter-led shareholding structure.
All resolutions passed handsomely, signalling shareholder alignment with the board and management. The leadership transition to Mr. Abhijeet Kacharu Jagtap as Managing Director is now formalised, and the change in main objects could allow the company to diversify into new business areas going forward.