Attached is the Voting Results alongwith details of Scrutinizer''s Report in terms of Regulation 44 raed with Regulation 30 of SEBI (LODR) Regulations, 2015 of 35th AGM of the Company held ....
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Kesar Petroproducts held its 35th Annual General Meeting on 26th September 2025 via video conferencing, concluding in about 20 minutes. Both resolutions were passed with overwhelming majority: adoption of standalone financial statements for FY ended March 31, 2025 received 98.43% votes in favour (61.16 million shares in favour vs 0.98 million against), and re-appointment of Mr. Dinesh Shankarlal Sharma as a director (retiring by rotation) received 98.43% support. Promoter group (holding 61.13 million shares, ~63% of outstanding) voted 100% in favour on both resolutions. Notably, 96% of public non-institutional shareholders who voted cast their votes against both resolutions, indicating significant retail dissent despite the resolutions passing comfortably on overall counts.
Stock-wise, this is a routine procedural disclosure with no material impact on share price. However, the unusual pattern of overwhelming retail dissent (~96% of voting public shareholders voted against both resolutions, including on routine financial statements adoption) signals underlying shareholder dissatisfaction that is being overridden by promoter voting power.