Orient Green Power Company Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 30, 2025
GREENPOWER · price
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Orient Green Power Company Limited submitted the consolidated Scrutinizer's Report for its 18th Annual General Meeting held on June 30, 2025 via video conferencing. Seven resolutions were put to vote, of which six were passed with overwhelming majority (over 98% in favor): adoption of audited financial statements for FY25, re-appointment of two retiring directors (Mr. T Shivaraman and Mr. R Ganapathi), re-appointment of Mr. K.S. Sripathi as Independent Director and Chairman for a second 5-year term, re-designation of Mr. P. Krishna Kumar as Independent Director for 5 years, and appointment of M/s. M. Alagar & Associates as Secretarial Auditors for 5 years. Notably, Resolution No. 7 seeking approval for Material Related Party Transaction(s) was REJECTED by shareholders, with 81.49% voting against and only 18.51% in favor. Promoters abstained from voting on this resolution as they were interested parties, resulting in only 0.61% of outstanding shares being polled.
The rejection of the Material Related Party Transaction resolution is a significant negative signal — shareholders have blocked the proposed RPTs, which could force the company to restructure, renegotiate, or abandon these related party dealings. This may also raise governance concerns and create uncertainty about ongoing transactions with related parties. The clear passage of all other resolutions, including director re-appointments and auditor ratification, suggests broad shareholder support for the board otherwise.