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Morgan Ventures Limited held its 38th AGM on June 24, 2025 via video conferencing from 11:00 AM to 12:00 PM, where all 6 resolutions were passed with the requisite majority. The resolutions included adoption of audited financial statements for FY ending March 31, 2025 (99.99% in favor), re-appointment of Mrs. Madhu as Director retiring by rotation (99.99% in favor), appointment of M/s Anuj Gupta & Associates as Secretarial Auditors for 5 years (99.94% in favor), and approval/ratification of material related party transactions with three entities — Morgan Securities & Credits, Peacock Chemicals, and Goyal MG Gases (all passed with 99.94% in favor). Promoters holding 74.05 lakh shares abstained from voting on the three related party transaction resolutions, with only public shareholders (1.6 lakh votes, or about 6.4% of public shareholding) deciding those outcomes. The Scrutinizer Pardeep Kumar of Pardeep Ishwar Singh & Co. certified the voting results.
Routine AGM outcome with all resolutions passing by wide margins. The three related party transactions required promoter abstention, meaning public shareholders alone approved them, though turnout from public was low at just 6.4% of public-held shares. No material governance red flags or surprises — shareholders should note the significant related party dealings with promoter-group entities.