GUJRAFFIA · price
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Awaiting price reaction for this filing.
Gujarat Raffia Industries Ltd held its 39th Annual General Meeting on August 12, 2025, and filed the voting results on August 13, 2025. Three ordinary resolutions were put to vote: (1) adoption of audited financial statements for FY ending March 31, 2025, (2) reappointment of Mrs. Sushma Pradeep Bhutoria as Director retiring by rotation, and (3) appointment of Statutory Auditor. All three resolutions were passed unanimously with 962,245 votes in favour and zero votes against. Out of 29,662 total shareholders on the record date, only 44 members participated, with total votes polled representing just 17.80% of the 54,04,500 outstanding equity shares — an extremely low turnout dominated by the promoter group.
Routine procedural filing — all agenda items cleared without any dissent, so no material impact on shareholders or the stock price. The very low public shareholder participation (0.038% of non-institutional holding) is worth noting but does not affect the validity of the resolutions.