Scrutinizer Report and Voting Results - AGM 30 Sept 2025
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Awaiting price reaction for this filing.
Kinetic Engineering held its 54th AGM on 30 September 2025 via video conferencing, where 22,887 shareholders were on record. Out of these, 5 from the promoter group and 42 from the public attended the meeting. A total of 8 resolutions were put to vote, covering adoption of standalone and consolidated financial statements for FY25, re-appointment of a retiring director (Mr. Ajinkya Firodia), regularisation of a new non-executive director (Mr. Shashikant Gulve), re-appointment of two independent directors (Mr. Jinendra Munot and Mr. Venkataiah Madipalli), appointment of the secretarial auditor, and approval of material related-party transactions with Kinetic Watts and Volts Limited. Total voting turnout was about 48.94% of outstanding shares (around 1.14 crore shares), and all 8 resolutions passed with near-unanimous support (over 99.9% in favour). The only resolution with notable dissent was the related-party transaction with Kinetic Watts and Volts, where public non-institutional shareholders voted about 28% against, though it still passed comfortably.
All resolutions were approved easily, reflecting strong shareholder confidence and stable governance. The slightly higher dissent on the Kinetic Watts and Volts related-party transaction is a minor flag but not material since the resolution passed with over 99.9% overall support. No meaningful negative impact on the stock is expected from this filing.