Scrutinizer''s Report
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Indian Sucrose Limited conducted a postal ballot that concluded on April 26, 2025, with both resolutions approved by shareholders. Resolution 1 (Special Resolution) to approve limits for advancing loans to related parties under Section 185 of the Companies Act, 2013 for FY 2025-26 was passed with 95.71% votes in favour (1,10,238 shares) and 4.29% against (4,941 shares). Resolution 2 (Ordinary Resolution) to approve material related party transactions for FY 2025-26 was passed with 95.73% in favour (1,10,263 shares) and 4.27% against (4,916 shares). Promoters holding 1,12,05,701 shares declared interest in both resolutions and did not vote. Only 81 shareholders participated, representing just 0.66% of total equity (1,73,76,701 shares). The scrutinizer was Neeraj Arora of Sanjay Grover & Associates.
The approval clears the way for the company to extend loans to related parties and enter into material related party transactions during FY 2025-26. While both resolutions passed with strong majority, the very low public participation (under 1% of equity) means the outcome largely reflects institutional and a small group of retail holders rather than broad shareholder consensus.