Outcome of the AGM dated 26th September, 2025
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Awaiting price reaction for this filing.
Minal Industries Limited held its 37th AGM on 26th September 2025 via video conferencing, attended by 68 members and chaired by Managing Director Shrikant Parikh. The meeting was brief, running from 11:00 AM to 11:13 AM. Eight ordinary resolutions were passed, including adoption of audited standalone and consolidated financial statements for FY ended 31st March 2025 and the reappointment of director Divyanshu Navlakha, who retires by rotation. Four resolutions approved material related party transactions with Minal Infojewels Limited, Selection Inc (USA), and RSBL Jewels Partnership Firm. A secretarial auditor was also appointed. Statutory auditor reports were clean, but the secretarial audit report contained qualifications addressed in the Directors' Report. Voting results are to be declared within 2 working days.
This is a routine AGM outcome filing with standard corporate approvals, so little direct impact on stock price is expected. Investors should note the multiple related party transaction approvals and the qualifications flagged in the secretarial audit report, both of which warrant a review of the detailed Director's Report and RPT disclosures.