MERCANTILE · price
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Awaiting price reaction for this filing.
Mercantile Ventures held its 24th AGM on 25th September 2025 via video conferencing, with remote e-voting conducted between 22–24 September 2025. M/s KRA & Associates acted as Scrutinizer. All four resolutions were passed with overwhelming majority. Resolution 1 (adoption of audited standalone and consolidated financial statements for FY ended 31 March 2025) was approved with 99.99% votes in favour. Resolution 2 (re-appointment of Mr. K Gopalakrishnan, who retires by rotation) was also passed with 99.99% support. Resolution 3 approved material related party transactions with Southern Petrochemical Industries Corporation Limited (SPIC), with 100% of valid votes in favour (related parties holding 81,214,175 votes were excluded from voting under SEBI norms). Resolution 4 appointed M/s KRA & Associates as Secretarial Auditors with near-unanimous support.
Routine compliance filing — all AGM resolutions were passed with near-unanimous shareholder support, indicating no governance controversy. The RPT approval with SPIC is a routine inter-group transaction, but investors should note the related party linkage for ongoing disclosure purposes. No material impact on stock price expected.