Srutinizer's report along with the Voting Results for the 9th Annual General Meeting.
HONASA · price
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Honasa Consumer Limited (Mamaearth's parent) held its 9th AGM on September 25, 2025 via video conference, where all 5 resolutions were passed with overwhelming shareholder support. These included adoption of standalone and consolidated financial statements for FY2024-25 (both approved with 100% votes in favor), re-appointment of Mr. Ishaan Mittal as Director (99.82% in favor), and re-appointment of Mr. Vivek Gambhir as Independent Director for a second 5-year term effective March 24, 2026 (99.05% in favor). Shareholders also approved the appointment of Arora Shekhar and Company as Secretarial Auditor for a 5-year term covering FY2025-26 to FY2029-30 (99.9998% in favor). Of the 83,282 shareholders on record, 2 promoter representatives and 91 public shareholders attended the AGM virtually, and between 72% and 80% of outstanding shares were voted across resolutions.
This is a routine, smooth AGM outcome with no surprises — all key items including financial results, board continuity, and auditor appointment sailed through with near-unanimous support. No material impact on stock price is expected, though institutional investors showed mild dissent (2.31%) only on the re-appointment of the Independent Director Mr. Vivek Gambhir.