Please find the attached file in respect Voting Results & Scrutinizer Report for the 35th Annual General Meeting of the company
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Indong Tea Company Ltd held its 35th Annual General Meeting on 24th September 2025 and submitted the voting results along with the Scrutinizer's Report (by Puja Pujari, Practicing Company Secretary) to BSE. A total of 1,54,69,048 shares (79.65% of the 1,94,21,048 outstanding shares) were polled, with 54 members voting. All 9 resolutions were passed with 100% votes in favor and zero votes against. The resolutions included adoption of the audited financial statements for FY25, reappointment of three directors (Madan Lal Garg, Rajesh Garg, and Rama Garg) by rotation, appointment of a new secretarial auditor for 5 years, increase in Managing Director Hariram Garg's remuneration, and approval to raise borrowing limits and investment/loan authorizations under Sections 180 and 186 of the Companies Act, 2013. The Promoter and Promoter Group (holding 98,40,703 shares) voted 100% in favor of every resolution, and among public non-institutions, 58.75% of shares were polled — all in favor.
Unanimous approval of all 9 resolutions indicates strong shareholder support, including for the increase in the Managing Director's remuneration and expanded borrowing/investment powers. Shareholders should note the company has been authorised to take on more debt and make larger investments/loans, which could impact future leverage and capital allocation decisions.