Submission of voting result and sceutinizer report of 40th AGM for the financial year ended on 31st march 2025.
GRANDOAK · price
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Grand Oak Canyons Distillery Limited (formerly Pacheli Industrial Finance Limited) held its 40th AGM on 2nd September 2025 via video conferencing, from 1:00 PM to 1:27 PM. All 8 resolutions were passed, including the adoption of financial statements, appointment of M/s V R S K & Associates as statutory auditor, appointment of secretarial auditor for FY 2025-26, approval to amend loan agreements, and the regularisation of Mr. Prabhakar Kumar as Managing Director along with two new independent directors (Mr. Ravindra Davrung and Ms. Rekhaben Bhanushali). Voting was almost unanimous at 99.75% in favour on every resolution, with only 1 dissenting vote out of 405 cast. Shareholder participation was extremely thin: only 3 shareholders voted (representing just 406 shares out of 51.88 crore outstanding shares, or 0.0001%), while 31 public shareholders attended virtually and none of the promoter group turned up.
Routine AGM conclusion with no surprises — all proposals cleared with overwhelming support. The most material item for shareholders is the special resolution to amend loan agreements, which warrants a look at the revised terms. The board restructuring (new MD and two independent directors) is procedural and unlikely to move the stock. Near-zero voting turnout signals very limited retail engagement in this small-cap counter.