eVoting Results with scrutinizers report of 20th Annual General Meeting of the Company held on 29-9-2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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GTN Textiles Ltd held its 20th AGM on 29 September 2025 via video conferencing, where all 10 resolutions were passed with the required majority. Key resolutions included adoption of FY25 audited financial statements, re-appointment of two Independent Directors (N.K. Bafna and C.K. Gopalakrishnan Nair) for a second 5-year term, and appointment of Umang Patodia as Managing Director for 5 years effective 6 August 2025. Four material related party transaction resolutions were also approved, covering Patspin India Ltd, GTN Enterprises Ltd, Beekaypee Credit Pvt Ltd, and Umang Finance Pvt Ltd. Overall, 6,675,707 votes were polled (57.35% of outstanding shares), with promoter group holding 87.72% of shares. For resolutions where promoters had a conflict of interest, the promoter group abstained (8 folios representing 64,70,043 votes), and only public non-institutional shareholders voted, approving these resolutions with 94.14% in favour.
All routine governance items and the Managing Director appointment were approved, signalling stability in leadership. The RPT approvals were passed only by non-promoter shareholders since promoters abstained, which is procedurally correct but means retail investor votes carried these resolutions. No material surprise or dissent was observed; the stock is unlikely to react significantly to these routine AGM outcomes.