International Gemmological Institute (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 30, 2025. Further, the company has informed the Exchange regarding voting results.
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IGI submitted the voting results and scrutinizer's report for its 27th AGM held on June 30, 2025, conducted via video conferencing. Eight resolutions were put to vote, and all were passed with the required majority. Total votes polled were 38.40 crore out of 43.22 crore outstanding shares (88.87% participation), with 1,92,981 shareholders on record. Routine items — adoption of FY2024 financial statements, appointment of Tushar Shridharani & Associates LLP as secretarial auditor, appointment of Mr. Anoop Mehta as Independent Director, and commission to Non-Executive Directors — passed with over 99% support. Re-appointments of Mr. Mukesh Mehta and Mr. Prateek Roongta were also approved, though Mr. Mehta's re-appointment saw 30.83% of public institutions vote against. The IGI ESOP-2024 ratification and its extension to holding/subsidiary employees passed with 91.49% support, but 61.47% of public institutions voted against the ESOP resolutions.
All eight resolutions were passed, confirming shareholder support for management's proposals including the financial statements and ESOP plan. However, meaningful institutional dissent on the ESOP and Mr. Mukesh Mehta's re-appointment may signal investor concerns on governance or compensation issues, which shareholders should monitor.