Voting results along with scrutinizers report for 109th Annual General Meeting (AGM).
INDPRUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Industrial & Prudential Investment Company Ltd held its 109th AGM on 29th August 2025 via video conferencing, from 11:30 AM to 12:15 PM IST. Four ordinary resolutions were put to vote: (1) adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, (2) declaration of a dividend, (3) re-appointment of Ms. Devina Swarup (DIN 06831620) as a director retiring by rotation, and (4) appointment of Mr. Mayur Mehta as Secretarial Auditor for five years from FY 2025-26. All four resolutions were passed with overwhelming majority, receiving over 99.97% votes in favour. Out of 16,75,840 total shares, 11,50,657 votes were polled (68.66% turnout), with the promoter group (holding 11,42,346 shares) voting 100% in favour of every resolution. Voting was conducted through remote e-voting; 23 members participated remotely and none voted at the deemed venue.
This is a routine, largely procedural AGM filing with all resolutions passing comfortably, so no negative price reaction is expected. Shareholders should note that a dividend has been approved (quantum to be confirmed separately), and the re-appointment of Ms. Devina Swarup — daughter of promoter Mr. Gaurav Swarup — was approved with the lowest margin (~99.97%), though still overwhelmingly in favour. Public non-institutional participation was very thin at just 1.59% of that category's shares, indicating limited retail engagement.