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Indo Gulf Industries Limited held its Annual General Meeting on August 30, 2025 via video conferencing. A total of 5,177,077 shares (54.11% of paid-up equity capital) were polled through e-voting. All six resolutions were passed with overwhelming majority — 99.88% in favour and only 0.12% against. The resolutions included adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Mr. Rajesh Jain as director (retiring by rotation), approval of material related party transactions with Ganesh Explosives Pvt Ltd (holding company) and Rajesh Explosives Pvt Ltd, ratification of cost auditors' remuneration, and appointment of the scrutinizer firm as secretarial auditors. The e-voting window ran from August 27 to August 29, 2025, and the scrutinizer certified the process as fair and valid.
All AGM resolutions were passed comfortably, including related party transactions with the holding company and group entities, indicating smooth shareholder approval. No contentious issues were raised, and the near-unanimous voting reflects strong management support with minimal dissent from minority shareholders.