The Voting Results along with Scrutinizer''s Report for the 37th AGM of the Company held on 27th September, 2025 are attached.
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ISF Limited held its 37th Annual General Meeting on September 27, 2025 via video conferencing, which ran for just 40 minutes (4:00 PM to 4:40 PM). The company put three ordinary resolutions to shareholder vote via e-voting, and remarkably, all three failed to secure the requisite majority. Resolution 1 (adoption of FY25 audited financial statements) received only 52.17% in favour versus 47.83% against. Resolution 2 (re-appointment of Mr. Vishal Dang as director, retiring by rotation) was overwhelmingly rejected with just 3.11% in favour and 96.97% against (after excluding interested-party votes). Resolution 3 (appointment of Mr. Anil Kumar Verma as Whole-time Director) was also voted down, with 46.46% in favour and 53.54% against. The Scrutinizer's Report confirms none of the resolutions were passed.
This is a serious red flag for shareholders. Even routine business like adopting annual financial statements failed, and the near-unanimous rejection of a director's re-appointment signals deep shareholder dissatisfaction with management or governance. The company now faces uncertainty around board composition and may need to reconvene another meeting, potentially weighing on the stock price and raising governance concerns.