AGM Results: All 6 Resolutions Passed Including MD Appointment
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All 6 resolutions at the 35th AGM on September 29, 2026 were passed with requisite majority. Key items: FY26 audited financials adopted (99.59% in favor), Director Praveen Bafna reappointed (99.59%), Vimal D. Shah appointed as Managing Director (99.37%), plus approvals for higher borrowing limits, authorization for sale or lease of company undertaking, and enhancement of Section 186 investment limits. About 67.40% of total shares were voted; Vimal Shah's 23.6 lakh votes were excluded from the MD appointment vote due to his interest.
Shareholders approved higher borrowing powers, potential sale or lease of company assets, and continuity of Managing Director. Outcomes broaden financial flexibility.