Scrutnizer Report and Voting Results of the 52nd Annual General Meeting held on Monday, 15th September, 2025 in Compliance with Regulation 44 of the SEBI (LODR) Regulations, 2015
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Garg Furnace Ltd held its 52nd Annual General Meeting on 15th September 2025 at its registered office in Ludhiana, Punjab. All 7 resolutions on the agenda were approved by shareholders with the requisite majority. Six resolutions passed with overwhelming support of 99.97% in favour, including adoption of audited financial statements for FY ending March 2025, re-appointment of rotating director Toshak Garg, re-appointment of statutory auditors (Ashwani & Associates), cost auditors, and secretarial auditors (PDM & Associates), and appointment of Mrs. Mehak Jain as Independent Director. The resolution on Material Related Party Transactions passed with 73.20% in favour, as the promoter group (holding ~53% of shares) abstained from voting due to their interest in the matter. Voting was conducted via both remote e-voting (12-14 September) and physical ballot at the AGM.
This is a routine procedural filing confirming shareholder approval of standard AGM items. No major corporate action or strategic change is implied — shareholders should note that the related party transactions resolution saw notable dissent (~27%), which is common when promoter groups abstain and only minority public shareholders vote on such matters.