VOTING RESULTS OF THE 41ST ANNUAL GENERAL MEETING
KOTHARIPRO · price
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Kothari Products held its 41st AGM on September 19, 2025, via video conferencing, where all 6 resolutions were passed with overwhelming shareholder support (over 99.99% in favor on each). Key items approved include adoption of audited standalone and consolidated financial statements for FY25, re-appointment of director Mitesh Kothari, and re-appointment of G.M. Kapadia & Co. as statutory auditors for a 5-year term (FY26 to FY30). A special resolution was also passed to divest the company's entire stake in its wholly owned subsidiary KPL Exports Ltd to group company Nine Two Seven Nine Work Avenue Pvt. Ltd., Raipur. Promoters (holding about 4.48 crore shares or ~75% of equity) abstained from voting on this divestment as they are related parties to the transaction, so the resolution was carried by public/non-institutional shareholders with 82.50 lakh votes (55.27% turnout among public) in favor. Total shareholders on record date were 12,250, with only 47 attending via VC.
The divestment of KPL Exports Ltd to a group company is a related-party transaction and the most material item — investors should monitor for disclosures on the sale price, valuation, and any impact on consolidated financials. All other items are routine governance matters with near-unanimous support, signaling no shareholder dissent on company management or audit appointments.