Voting Result of 40th Annual General Meeting of the Company held on September 30,2025 along with Scrutinizer Report
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The 40th AGM was held on September 30, 2025, via video conferencing from 11:00 a.m. to 11:32 a.m. Total shareholders on the record date were 34, with only 4 members casting votes through remote e-voting and none voting at the meeting. Of 15,31,375 total outstanding shares, 9,36,963 shares (61.18%) were polled, and all 11 resolutions were passed unanimously (100% in favour). The resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Venkateswara Gowtama Mannava as director (retiring by rotation), four special resolutions authorising the Board to borrow funds, create securities on company properties, grant loans/guarantees under Sections 185 and 186, and five ordinary resolutions approving material related-party transactions with subsidiaries (Nibe Maritime, Global Munition, Globe Forge, Global Premier, and Global Explosives). Promoters (holding 11,39,750 shares) abstained from voting on the five RPT resolutions where they were deemed interested, leaving only 37,013 public votes (2.42% of total) to decide those items. Mukesh Ranga signed as Company Secretary; CS Dhirendra Maurya served as Scrutinizer.
All 11 resolutions cleared with 100% support, but voting turnout was thin, especially from public shareholders (only ~9% of public non-institutional shares voted on routine items, and just 2.4% decided the related-party deals). The shareholder approvals give the Board wide financial latitude, including additional borrowing power, ability to mortgage company assets, and free hand to extend loans, guarantees, and investments to group companies — investors should watch for related-party transactions and any increase in debt or encumbrances in coming quarters.