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Indo Gulf Industries Ltd held its 42nd AGM on August 30, 2025, via video conferencing from 11:32 AM to 11:41 AM. Shareholders approved six resolutions, including adoption of audited financial statements for FY ended March 31, 2025, and re-appointment of Mr. Rajesh Jain as Director (retiring by rotation). Members also approved Material Related Party Transactions of up to Rs. 8 crore with holding company Ganesh Explosives Private Limited and up to Rs. 1 crore with Rajesh Explosives Private Limited (same management) for FY 2025-26. Other approvals included ratification of cost auditor remuneration (Rs. 50,000 plus GST for M/s ASGC & Associates LLP) and appointment of Sameer Kishore Bhatnagar as Secretarial Auditor for a 5-year term from April 1, 2025 to March 31, 2030. E-voting was conducted via CDSL from August 27-29, 2025, with results and scrutiniser's report to be submitted within 48 hours.
Routine AGM proceedings with standard approvals; the related party transactions with the holding company and a group entity indicate continued inter-group dealings, which shareholders should monitor. No major corporate action or capital change is involved.