Submission of Report of Scrutinizer''s Report and Consolidated Report on E-voting and Poll at Extra Ordinary General Meeting.
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Kiran Syntex Limited held an Extra Ordinary General Meeting on 22 December 2025 where all 5 special resolutions were passed with near-unanimous approval. Shareholders approved the appointment of Mr. Rakesh Rameshchandra Modi and Mr. Jitendra Dineshchandra Dina as Independent Directors for a 5-year term. They also approved the adoption of new Memorandum and Articles of Association and a major alteration to the company's main business objects, expanding into areas like battery manufacturing (including solar/lithium), ethanol/bio-fuels, aluminium products, infrastructure/real estate, financial advisory, coal trading, food & beverage, and amusement parks. Out of 1,789,533 total shares voted, 1,789,478 voted in favour and only 55 voted against, with zero invalid/abstained votes across all 5 resolutions.
The company is making a significant strategic shift from its textile roots into diverse new sectors including renewable energy, infrastructure, and financial services, which could reshape its business profile and long-term growth prospects. Strong shareholder approval (over 99.99% in favour) shows promoters/large shareholders support this diversification, but the scale of new business areas may raise execution risk questions for retail investors.