IG Petrochemicals Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 07, 2025
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Awaiting price reaction for this filing.
IG Petrochemicals held its 36th AGM on August 7, 2025 via video conferencing and submitted the voting results and scrutinizer's report to the exchanges. Seven resolutions were put to vote, all of which passed with comfortable majority. The key resolution to declare a dividend for FY ending March 2025 received 100% approval from polled shareholders, with 2.02 crore votes in favour and just 77 against. Routine resolutions such as adoption of audited financial statements, re-appointment of director Shri Sagar Jadhav, appointment of statutory and secretarial auditors, and ratification of cost auditor remuneration each passed with over 99.7% support. The special resolution on paying commission to a non-executive director passed with 97.74% approval, though public institutional investors voted 99.98% against it. Total shares outstanding are 3.08 crore, with promoters holding about 68.7%.
Routine procedural filing with no negative impact on shareholders — all resolutions cleared easily. The confirmed dividend declaration is the most material takeaway for investors, while the strong dissent on the non-executive director's commission from institutions is worth monitoring but did not block the resolution.