Report of Scrutinizer dated March 28, 2025 is enclosed
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KG Petrochem Limited held an Extraordinary General Meeting (EGM) on April 28, 2025, at its Jaipur corporate office, where both special resolutions were passed with 100% approval. Resolution 1 approves the enhancement of overall limits for inter-corporate loans, guarantees, securities, and investments under Section 186 of the Companies Act, 2013. Resolution 2 approves transactions under Section 185 of the Companies Act, 2013. Voting was conducted via CDSL's e-voting platform from April 25 to April 27, 2025, with the cut-off date being April 21, 2025. A total of 5 members holding 5,38,678 equity shares (10.32% of the paid-up capital of 52,21,000 shares) participated in the voting, with all votes cast in favour and zero dissent.
Both resolutions were passed unanimously, giving the company expanded authority to make inter-corporate loans, investments, and related-party transactions. This could enable KG Petrochem to deploy capital more freely into group entities or strategic investments, but shareholders should monitor how these expanded powers are used given low voting participation.