Outcome of 40th Annual General Meeting held on September 27,2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mayur Leather Products Ltd held its 40th AGM on September 27, 2025 at 1:00 PM in Jaipur, chaired by Promoter Chairperson Mrs. Amita Poddar. All 9 resolutions were passed with overwhelming majority (~99.99% votes in favor), based on 28.70 lakh votes polled out of 48.35 lakh total shares (58.94% polling). Key items included adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, re-appointment of Mrs. Amita Poddar as Director (retiring by rotation), alteration of the Object Clause of the Memorandum of Association, appointment of 5 new directors (2 Independent and 3 Non-Independent), and appointment of M/s ATCS & Associates as Secretarial Auditors. The meeting noted that the Auditor's Report and Secretarial Audit Report contained qualifications/observations, on which the Chairman provided explanations and corrective action. Quorum was present with 3 promoter group members and 13 public shareholders attending in person.
Shareholders approved a significant board reshuffle with 5 new director appointments and expansion of the company's business objects, suggesting potential diversification plans. However, the existence of qualifications/observations in the Auditor's Report is a watch point for investors. Strong voting alignment (~99.99% in favor) indicates promoter confidence, though public participation in voting was relatively low at ~4.87% of public non-institutional shares.