Please find the attached disclosure of Voting Results Under Regulation 44 & Scrutinizer Report for the 35th Annual General Meeting of the company
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Indong Tea Company Ltd submitted the voting results and Scrutinizer's Report for its 35th AGM held on 24th September 2025 through video conferencing. Out of 1,94,21,048 total outstanding shares, 1,54,69,048 shares (79.65%) were polled, with all 9 resolutions passed unanimously with 100% votes in favour and zero votes against. The resolutions include adoption of the audited financial statements for FY25, reappointment of three directors (Madan Lal Garg, Rajesh Garg, Rama Garg) retiring by rotation, appointment of Puja Pujari & Associates as Secretarial Auditor for 5 years, an increase in remuneration for Managing Director Hariram Garg, and approvals to raise borrowing limits and investment/loan authorisation powers under Sections 180 and 186 of the Companies Act. Promoters holding 98,40,703 shares voted 100% in favour, while 56,28,345 public non-institution shares (58.75% of public holding) also voted entirely in favour.
All resolutions cleared with full support, indicating strong promoter control and no public dissent. However, shareholders should note the approval for increased MD remuneration and expanded borrowing/investment limits, which signal potential rise in debt and related-party activity going forward.