Outcome and Voting results under Regulation 44 of SEBI (LODR) Regulations, 2015 for the 32nd AGM for the year ended 2024-25 along with the Scrutinizer report
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Kaiser Corporation Limited held its 32nd AGM on September 29, 2025, via video conferencing, where all four resolutions were passed with overwhelming shareholder support. The first resolution, an ordinary resolution to adopt the audited standalone and consolidated financial statements for FY ended March 31, 2025, was approved with 100% votes in favour (29,088,780 shares for, just 5 against). The second ordinary resolution, re-appointing Managing Director Mr. Bhushanlal Arora (who retires by rotation), received 99.82% support (29,037,329 for, 308 against). Two special resolutions were also approved with near-unanimous backing: the appointment of Mr. Gitesh Nimkar and Ms. Hufrish Variava as Independent Directors, each receiving over 99.99% votes in favour. Promoters holding 2.9 crore shares voted 100% in favour of all resolutions, while public non-institutional participation was low at just 0.47% of their holdings.
The clean passage of all resolutions signals smooth governance with no meaningful shareholder dissent. The board retains continuity with Mr. Arora's re-appointment, and the addition of two independent directors strengthens the board composition. Low public voting turnout is a minor concern but reflects the small-float, promoter-dominated nature of the company.