Please find attached the Scrutinizer''s Report of the AGM for F.Y. 2024-25
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Awaiting price reaction for this filing.
Modern Insulators Limited held its 40th Annual General Meeting on 30th September 2025 at its registered office in Abu Road, Rajasthan. Seven resolutions were voted on, and all were passed with the requisite majority. Key items included adoption of FY25 audited financial statements (99.79% in favour), reappointment of Shri Shreyans Ranka as director (99.79%), revision of remuneration for CMD Shri Sachin Ranka and WTD Shri Shreyans Ranka (both 99.70%), reappointment of independent director Shri Rahul Singhvi (99.79%), appointment of M/s Anshika & Associates as Secretarial Auditor (99.79%), and ratification of Cost Auditors' remuneration for FY26 (99.79%). Of the 28.52 lakh shares polled (60.5% of total), promoters voted unanimously in favour. Public non-institution shareholders recorded notably higher dissent (~61% against) on the two executive remuneration revisions, though promoters' overwhelming support ensured both passed.
Routine procedural disclosure — all seven resolutions were approved, so no material surprise for shareholders. The visible pushback from public non-institutional voters on the CMD and WTD pay hikes is worth noting but was outweighed by promoter backing, so the stock is unlikely to react materially.