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Natural Biocon (India) Ltd held its 33rd Annual General Meeting on September 30, 2025, via video conferencing, which concluded in about 19 minutes (12:30 PM to 12:49 PM IST). All 5 ordinary resolutions were passed with overwhelming majority: adoption of audited financial statements for FY ended March 31, 2025 (99.9991% in favor), re-appointment of Managing Director Arunkumar Prajapati (99.7689% in favor), ratification of statutory auditors' appointment to fill a casual vacancy (99.7689% in favor), appointment of statutory auditors for a 5-year term (99.7689% in favor), and appointment of secretarial auditor for a 5-year term (99.7689% in favor). Out of 10,164 total shareholders as on the record date (September 23, 2025), only 59-60 shareholders participated via remote e-voting, representing 52,13,750 shares or about 20.22% of outstanding shares. Notably, the promoter group holding 24,13,000 shares did not cast any votes. PCS Rupal Patel served as the scrutinizer.
This is a routine procedural disclosure with no material surprise — all standard AGM items (financials, director re-appointment, auditor appointments) cleared with near-unanimous public shareholder support. The notable quirk is that promoters abstained from voting entirely, but since public non-institutional holders alone delivered the required majority, there is no governance concern or price-moving implication.