Please find enclosed herewith consolidated report of Scrutinizer and voting results in respect of Annual General Meeting of the Company held on 22.08.2025.
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Kesar Enterprises Limited held its 90th Annual General Meeting on 22nd August 2025 via video conferencing, where all 11 resolutions were passed with near-unanimous approval (99.9972% in favour, only 200 votes against out of 71,14,113 valid votes polled). Key items approved include adoption of FY25 financial statements, re-appointment of Shri Devendra J Shah as Director, appointment of M/s. Chandabhoy & Jassoobhoy as Statutory Auditors, re-appointment of Shri Harsh R Kilachand as Chairman & Managing Director, and a special resolution to re-appoint Dr. Narendra Mairpady as Independent Director. Importantly, shareholders approved a stock split in the ratio of 1:10, splitting each Rs. 10 face value share into 10 shares of Rs. 1 each, along with related changes to authorised share capital and the Memorandum of Association.
All resolutions cleared with overwhelming support, signalling strong shareholder confidence in management. The 1:10 stock split is the most material outcome for retail investors — it will improve share liquidity and make the stock more affordable, though it does not change the underlying value of holdings. Re-appointment of the Chairman & MD ensures leadership continuity.