Megastar Foods Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025
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Megastar Foods Limited held its 14th Annual General Meeting on Wednesday, September 24, 2025, via video conferencing, with the meeting running from 11:30 a.m. to 11:54 a.m. and 48 shareholders in attendance. Six items were deliberated: adoption of the standalone and consolidated audited financial statements for FY ended March 31, 2025; re-appointment of Mr. Mudit Goyal as a director (retiring by rotation); appointment of Secretarial Auditors for a term of five years; and fixing the remuneration of Chairman & MD Mr. Vikas Goel, Whole-time Director Mr. Vikas Gupta, and Whole-time Director Mr. Mudit Goyal. The first three items were Ordinary Resolutions, while the three director remuneration items were Special Resolutions. All six directors, including three Independent Directors, were present, along with the CFO, Statutory Auditors, and the Scrutinizer. Voting results for all resolutions are pending and will be declared once the Scrutinizer submits his report.
This is a procedural disclosure confirming the AGM was held with valid quorum; no immediate impact on the stock is expected. Shareholders should watch for the forthcoming e-voting results, especially the Special Resolutions on director remuneration and the re-appointment of Mr. Mudit Goyal.