AGM results: 3 resolutions passed with over 99.99% approval
KARMAENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Karma Energy's 19th AGM held on 23 July 2026 saw all 3 resolutions pass with around 99.999% approval. Resolution 1 was ordinary, adopting audited financial statements for FY ended 31 March 2026. Resolution 2 was ordinary, re-appointing Shri Neelkamal Vrajlal Siraj as Director. Resolution 3 was special, re-appointing and revising the remuneration of Mr Chetan Durgadas Mehra as Managing Director. About 79.62% of outstanding shares voted, with promoters (about 74.7% stake) voting 100% in favour. Only 76 votes were cast against across all resolutions.
Routine business; signals stable management continuity. The revision in MD remuneration may slightly raise governance cost. No negative signals — overwhelming shareholder support.