Voting Results and Scrutinizer''s Report
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Morarka Finance Ltd held its 40th AGM on September 24, 2025 via video conferencing and all six resolutions were passed with the required majority. Shareholders approved the audited financial statements for FY ended March 31, 2025, and declared a dividend on equity shares for that year. They also approved the re-appointment of two directors, Shri Gautam R. Morarka and Ms. K. Savitha Rao, both retiring by rotation. M/s. VKM & Associates was appointed as Secretarial Auditor for a five-year term, and the related party transaction with Dwarikesh Sugar Industries Limited was approved. Overall voting turnout was about 64% for most resolutions, with over 99.9% of votes cast in favour across all items.
All AGM business items cleared smoothly with near-unanimous shareholder support, including the dividend declaration which is positive for shareholders. The approved related party transaction with Dwarikesh Sugar Industries was the most contentious, where promoters abstained and public shareholders still approved it with 99.74% support.