Please find enclosed herewith the scrutinizer''s report and voting results of the 58th Annual General Meeting of the Company held on August 26, 2025
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Awaiting price reaction for this filing.
Modipon Limited held its 58th AGM on August 26, 2025 via video conferencing, where all six resolutions were passed with overwhelming shareholder approval (over 99.98% in favor for each). The resolutions included adoption of FY25 audited financial statements, appointment of Ranjeet Verma & Associates as Secretarial Auditor for five years, re-appointment of two Independent Directors (Mrs. Kavita Rani and Mr. Nitesh Kumar) for second terms of five years, re-appointment of Mr. Manish Modi as Chairman & Managing Director, and approval of Material Related Party Transactions. For the related party transaction resolution, 73,76,012 votes from related parties were treated as invalid per SEBI norms, but the resolution still passed with 99.984% of valid votes in favor. The scrutinizer Ranjeet Kumar Verma certified the e-voting process as fair and transparent.
This is a routine procedural filing confirming strong shareholder confidence in the company's management and board. The near-unanimous approval (99.98%+) across all resolutions, including director re-appointments and related party transactions, suggests no governance concerns were raised. Minimal direct stock price impact is expected, as the results align with typical listed-company AGM outcomes.