Further to our letter dated August 13, 2025, in respect of the proceedings of the 37th (Thirty Seventh), Annual General Meeting of Godrej Industries Limited held on August 13, 2025, please find attached the Scrutinizer's Report and Voting Results of the Annual General Meeting.
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Godrej Industries Limited held its 37th Annual General Meeting on August 13, 2025, via video conferencing, with shareholders approving all 9 resolutions with the requisite majority. The most significant item was a special resolution to raise funds up to Rs. 2,000 Crore through the issuance of unsecured non-convertible debentures (NCDs), bonds, or other instruments, which passed with 99.66% support. Other key items included the re-appointment of Mr. Nadir Godrej as Chairman and Managing Director (99.63% in favor) and the re-appointment of Independent Directors Ms. Shweta Bhatia and Mr. Sandeep Murthy. Promoters, holding 23.9 crore shares, voted 100% in favor of all resolutions, while public institutional and non-institutional shareholders also showed overwhelming support. Total participation was strong, with 81,854 shareholders on record and meaningful voting turnout across all categories.
Shareholders have given the company a clear green light to raise up to Rs. 2,000 Crore through debt, providing flexibility for expansion, refinancing, or working capital needs without further shareholder approval. The near-unanimous approval on all resolutions, including the re-appointment of key directors and the borrowing powers increase, signals strong shareholder confidence in the current management and growth strategy, and is unlikely to have any negative impact on the stock.