Proceedings of the 32nd Annual General Meeting of the Company held on Monday, 29th September, 2025
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Oceanic Foods held its 32nd Annual General Meeting on September 29, 2025 via video conferencing, chaired by Mr. Ajesh Vinodrai Patel (Chairman & Managing Director). Ordinary business included adoption of the audited financial statements for FY ending March 31, 2025, and re-appointment of Mr. Ajesh Vinodrai Patel as a director (retiring by rotation). Special business covered seven items: appointment of Mr. Nayan Pitroda as Secretarial Auditor for 5 years, approval of a slump sale agreement with Julyys Foods for a cold storage unit, revision in remuneration of the Managing Director, and remuneration approvals for Mrs. Shreya Ajesh Patel and Mrs. Foram Ajesh Patel (CEO). The CFO and Chairman briefed shareholders on FY25 company performance, and voting was conducted electronically. Detailed voting results will be filed separately with the stock exchange.
The key items of interest are the slump sale of a cold storage to Julyys Foods and upward revisions in remuneration for the CMD and two promoter-family executives, which could draw shareholder attention. Detailed voting results are still awaited and will clarify whether these proposals received strong support.