Proceedings and Voting Results of the 20th Annual General Meeting along with the Scrutinizer Report
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Lakhotia Polyesters held its 20th AGM on September 23, 2025, via video conferencing from 3:30 p.m. to 3:56 p.m. Five ordinary resolutions were passed with 100% votes in favour and zero dissent. Key items included adoption of the audited financial statements for FY ended March 31, 2025, re-appointment of Mrs. Jayshri Lakhotiya as Director (retiring by rotation), revision in remuneration for Managing Director Mr. Madhusudan Lakhotiya and Executive Director Mrs. Jayshri Lakhotiya, and appointment of Mr. Rohit S. Kasat as the new Secretarial Auditor. Out of 1,04,73,988 total outstanding shares, only 35,49,438 shares (33.9%) were voted, with promoter group contributing 35,49,388 shares and public shareholders just 50 shares (0.0017% of public holding). The Scrutinizer's Report from R M Mimani & Associates LLP confirmed the validity of all resolutions.
All resolutions passed unanimously, indicating smooth governance and no shareholder dissent on the remuneration hike for promoter-directors. However, the extremely low public participation (only 50 public shares voted) highlights limited retail engagement, meaning minority shareholders had negligible say in approving the promoter remuneration revision.