ENCLSOED HEREWITH SCRUTINIZER REPORT FOR 33RD AGM TO BE HELD ON 10/09/2025
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Groarc Industries India Ltd held its 33rd Annual General Meeting on Wednesday, September 10, 2025 at 12:00 p.m. via video conferencing. Three ordinary resolutions were put to vote and all were passed with the required majority. Resolution 1 (adoption of audited financial statements for FY ended March 31, 2025) passed with 99.98% in favor (13,96,079 votes) against just 0.02% (300 votes). Resolution 2 (reappointment of Vijayaraj Heerachand Jain as director via rotation) passed with 100% in favor. Resolution 3 (appointment of M/s Ramesh Chandra Mishra & Associates as Secretarial Auditor for a 5-year term until 2030) passed with 99.98% in favor. Mr. Ramesh Chandra Mishra served as the Scrutinizer, with CDSL providing the e-voting platform.
All three resolutions passed comfortably, so no negative governance shock is expected. However, shareholder participation was extremely low at only 6.82% of outstanding shares (about 13.96 lakh out of 2.05 crore shares), and promoters/institutional holders did not cast any votes, which points to weak retail engagement. The filing is largely procedural with no material business change for shareholders.