Summary of the proceeding of 40th AGM held on tuesday september 2nd 2025.
GRANDOAK · price
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Grand Oak Canyons Distillery Ltd held its 40th AGM on September 2, 2025 via video conferencing from 1:00 PM to 1:27 PM, with 31 shareholders attending. Eight resolutions were moved, including adoption of financial statements for FY ending March 31, 2024, re-appointment of a rotating director, and appointment of M/S V R S K & Associates as Statutory Auditor. Special business included amendments to loan agreements, appointment of a secretarial auditor for FY 2025-26, and regularisation of Mr. Prabhakar Kumar as Managing Director and two others (Mr. Ravindra Davrung and Ms. Rekhaben Bhanushali) as Non-Executive Independent Directors. Voting results were to be announced within 2 working days. Notably, the financial statements being adopted are for FY ended March 31, 2024, indicating a significant delay in holding the AGM.
The late AGM (for FY24 accounts being adopted in Sep 2025) and several director regularisations suggest governance delays but no major financial red flags. The name change from a finance company to a distillery signals a business pivot, which could change the company's risk and growth profile for shareholders.