40th AGM - Voting Results and Scrutinizer Report
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Makers Laboratories Ltd held its 40th Annual General Meeting on 8th August 2025, where all eight resolutions placed before shareholders were approved by the required majority. Out of 4,135 shareholders on record, 42 attended via video conferencing (10 promoter group + 32 public). Total voting turnout was 62.64% of outstanding shares (36,96,183 shares polled). The resolutions included adoption of audited standalone and consolidated financial statements for FY25 (99.9992% in favour), re-appointment of Mr. Nilesh Jain as Director (99.9989%), re-appointment of Mr. Vishal Jain as Independent Director for a second 5-year term (Nov 2025 to Nov 2030) via special resolution, approval of related party transactions with Ipca Laboratories Ltd and Lyka Labs Ltd (where promoters are interested), appointment of M/s. Parikh & Associates as Secretarial Auditors for 5 years, and ratification of Cost Auditor remuneration for FY25 and FY26.
This is a routine AGM outcome with all items passed overwhelmingly, indicating no shareholder dissent or governance concerns. Approval of related party transactions with Ipca Laboratories (parent group company) and Lyka Labs signals continuing inter-group dealings. No negative signals for the stock; reappointment of directors maintains board continuity.