Manugraph India Limited has informed the Exchange regarding Proceedings of undefined held on September 24, 2025
MANUGRAPH · price
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Manugraph India Limited held its 53rd AGM on September 24, 2025 via video conferencing, chaired by Vice Chairman & MD Mr. Pradeep S. Shah. All five resolutions were passed with over 99.8% approval, driven entirely by promoter group votes (17.54 million shares held out of 30.4 million total). The key resolutions included adoption of FY25 audited financials, re-appointment of a retiring director, appointment of new secretarial auditors for five years, ratification of cost auditors' remuneration, and a special resolution to sell or transfer up to 7 acres of MIDC leased land at the Kolhapur factory premises. Only 45 shareholders attended out of 12,642 on the books, and overall voting turnout was just 51.5% of outstanding shares. Public non-institutional shareholders voted overwhelmingly against, with roughly 85% of their votes in dissent across resolutions.
The approval to dispose of up to 7 acres of MIDC leased land in Kolhapur is the most material decision, potentially signalling asset monetisation or restructuring. However, the very low shareholder turnout and strong public dissent suggest weak retail engagement, and the near-unanimous results are entirely due to the promoter's controlling stake rather than broad shareholder support.