Submission of Voting Results pursuant to Regulation 44 of the SEBI ( Listing Obligations and Disclosure requirements) Regulations, 2015 and Scrutinizer''s Report.
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Oceanic Foods Limited (BSE Scrip Code: 540405) held its 32nd Annual General Meeting on September 29, 2025 via video conferencing, where 7 resolutions were put to vote. All resolutions were passed with 100% votes in favor. Key resolutions included adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Mr. Ajesh Vinodrai Patel (Chairman & MD) as a director, appointment of Mr. Nayan Pitroda as Secretarial Auditor for 5 years, slump sale of a cold storage to Julyys Foods (a related party), and revision/approval of remuneration for the MD, Mrs. Shreya Ajesh Patel, and CEO Mrs. Forum Ajesh Patel. Of the 1,12,50,000 total shares, 83.96% were polled for routine resolutions, while only 9.89% were polled for related party resolutions as promoter votes were treated as invalid.
The passage of all resolutions is procedurally routine with no negative votes, but small shareholders should note the approval of a slump sale of a cold storage unit to a related party (Julyys Foods) and increased remuneration for promoter family members. Low public participation in related party resolutions (only ~9.89% shares polled) means these approvals were driven by a small minority of non-promoter shareholders.