Scrutinizers'' report along with Voting results for 14th Annual General Meeting of Mangalam Seeds Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mangalam Seeds Limited held its 14th Annual General Meeting on September 29, 2025, in Ahmedabad, where shareholders voted on 8 resolutions. Out of 10,980,158 total outstanding shares, 8,614,456 shares (78.45%) were polled across e-voting and ballot. Seven resolutions were approved with overwhelming support (100% in favour), including adoption of FY25 audited financial statements, re-appointment of Mr. Mafatlal Jethalal Patel as Director, re-appointment of Mr. Pravinkumar Mafatbhai Patel as Managing Director, regularization of three independent directors, and appointment of Pitroda Nayan & Co as secretarial auditors. However, Resolution No. 5 seeking re-appointment of Mrs. Kruti Jay Trivedi as Independent Director was rejected, with 99.9993% of votes cast against it, as the entire promoter group holding 8,164,462 shares voted against the proposal.
The rejection of the independent director re-appointment is unusual and noteworthy — it signals potential disagreement between promoters and non-promoter shareholders on board composition. The company will need to address this governance issue, but the rest of the resolutions passed cleanly with strong promoter support.