Outcome of 64th Annual General Meeting held on 25.09.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Orient Beverages Ltd held its 64th AGM on 25 September 2025 via video conferencing, with all 10 resolutions approved by shareholders. Key items included re-appointment of Narendra Kumar Poddar as Chairman (Whole Time Director), Akshat Poddar as Managing Director, and Ballabha Das Mundhra as Executive Director, each for a 5-year term starting 1 April 2025. Approval was also given to continue the services of two relatives of the Chairman and MD — Ruchira Poddar as Senior Executive and Avni Kandoi as President — at Rs 2.5 lakh per month each. Shareholders approved increasing the company's borrowing limit under Section 180(1)(c) from Rs 100 crore to Rs 150 crore, and authorised a loan/guarantee of up to Rs 10 crore to M/s Satyanarayan Rice Mill Pvt Ltd under Section 185. A new sub-clause 74(d) was also added to the Memorandum of Association. Promoters holding 11,92,229 shares voted 100% in favour on all resolutions they participated in, while public participation was low at only around 5.53% of public shares (~53,590 shares out of 9,69,271).
All resolutions sailed through with over 99% approval, meaning existing management continues without disruption and the company now has headroom to raise additional borrowings up to Rs 150 crore. Shareholders should note the related-party elements — employment of promoter relatives and a Rs 10 crore loan to a private entity — as well as the very low retail voting turnout, which is typical for a closely-held company with promoters controlling about 55% of shares.