Attached herewith the Scrutinizer''s Report along with the voting results of the 32nd Annual General Meeting, which was held on Saturday, September 20, 2025, at 11:00 AM at the registered ....
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Mahasagar Travels Limited held its 32nd Annual General Meeting on Saturday, 20th September 2025 at 11:00 AM at its registered office in Junagadh, Gujarat. Out of 4,103 total shareholders, only 27 attended in person or through proxy (23 from promoter group and 4 from public), with 33.64% voting participation (26,45,600 votes polled out of 78,63,500 outstanding shares). All four resolutions were approved: adoption of audited financial statements for FY ending March 31, 2025 passed with 100% assent; re-appointment of Mr. Prakashbhai Kanjibhai Kakkad as director (retiring by rotation) passed with 96.56% assent; his re-appointment as Executive Director and CFO for 2 years along with remuneration passed with 96.56% assent (a special resolution); and appointment of CS Kishor Dudhatra as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) passed with 100% assent. Mr. Pragnesh M. Joshi, Practising Company Secretary, served as the independent scrutinizer for the remote e-voting and poll process.
All key resolutions including board appointments and auditor change were passed without significant opposition, indicating smooth governance with no contentious shareholder issues. The low turnout (33.64%) and near-unanimous promoter support signal stability, though the 3.44% dissent on director remuneration (from public non-institutional holders at 5.81% against) suggests minor investor concerns worth noting.