Report of Scrutinizer Dated 30th September, 2025
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Awaiting price reaction for this filing.
Hardcastle & Waud Manufacturing Company held its 79th AGM on 30th September 2025, where all six resolutions were passed unanimously with 100% votes in favour and zero votes against. The resolutions covered adoption of audited financial statements for FY ending March 31, 2025, re-appointment of director Mr Piyushkumar Mehta (retiring by rotation), re-appointment of Mr Banwari Lal Jatia as Managing Director for 3 years effective April 1, 2026, appointment of Mr Manekchand Panda as Independent Director for 5 years effective August 12, 2025, appointment of SKJP & Associates as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30), and approval of material related party transactions for FY 2025-26 and 2026-27. Out of 1,532 shareholders on record, only 15 attended in person. For the two resolutions where promoters had an interest (MD reappointment and related party transactions), promoters abstained, so only about 8.13% of total shares were polled; on the other four resolutions, approximately 81.74% of shares were polled, with all votes cast in favour.
Routine AGM business concluded cleanly with full shareholder approval on every item, including continuity in top management and a new secretarial auditor. No dissent was recorded, so this filing is procedural and unlikely to move the stock price.