Outcome and Scrutinizer''s Report of the AGM held on 30th September, 2025
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Jet Solar Ltd held its 24th Annual General Meeting on September 30, 2025 at its registered office in Kandivali (West), Mumbai. Only 11 shareholders attended in person, representing about 17.49% of total share capital (20.77 lakh shares out of 1.19 crore). Four resolutions were transacted and all were passed with 100% assent and zero dissent: (1) adoption of audited financial statements for FY ending March 31, 2025, (2) re-appointment of Mr. Rajul Shah as director retiring by rotation, (3) appointment of Mrs. Niddhi Shah as Non-Executive Women Director (special resolution), and (4) appointment of Ms. Pooja Malkan as Secretarial Auditor. Promoter group abstained from voting on resolutions 2 and 3 where they were deemed interested. Voting was conducted entirely through remote e-voting via CDSL between September 27-29, 2025, with only 14 folios participating.
All resolutions were routine governance items and passed unanimously with zero dissent, so no negative impact on shareholders is expected. The board composition gets a new independent woman director and continuity is maintained with Mr. Rajul Shah's re-appointment. Low shareholder participation (only 14 folios voting) is typical for small-cap companies and not unusual.