Outcome and Summary of Proceedings of the 40th Annual General Meeting of the Company
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Morarka Finance Ltd held its 40th Annual General Meeting on September 24, 2025, at 12:00 noon via video conferencing, concluding at 12:45 p.m. As of the record date (September 17, 2025), the company had 4,266 shareholders, with 4 from the promoter group and 49 from the public attending the AGM. Six resolutions were transacted, including the adoption of audited financial statements for FY ended March 31, 2025, declaration of a dividend on equity shares, re-appointment of directors Shri Gautam R. Morarka and Ms. K. Savitha Rao (both retiring by rotation), appointment of M/s. VKM & Associates as Secretarial Auditor, and approval of a related party transaction with Dwarikesh Sugar Industries Limited. The Chairman briefed members on the company's performance during the last fiscal year and addressed shareholder queries. E-voting results will be announced by September 26, 2025.
The agenda items signal continuity in governance with director re-appointments and a new secretarial auditor, while the dividend declaration and related party transaction with Dwarikesh Sugar Industries could be relevant for shareholders monitoring income and inter-group dealings. E-voting results pending on September 26, 2025 will confirm whether all resolutions passed.