Outcome/Proceedings of the 43rd Annual General Meeting held on 18th July, 2025
Awaiting price reaction for this filing.
Shah Foods Limited held its 43rd Annual General Meeting on July 18, 2025 via video conferencing, from 12:00 PM to 1:00 PM, with 21 members attending. All three ordinary resolutions on the agenda were approved by members with the requisite majority, including adoption of the FY25 financial statements, reappointment of Mr. Manan Patel as a director liable to retire by rotation, and appointment of M/s Maulik Bhavsar & Associates as Secretarial Auditor for a 5-year term. The Statutory Auditor's report contained no qualifications, while the Secretarial Auditor's report carried two adverse remarks, the explanations for which were provided in the Directors' Report. The CFO briefed shareholders on the company's financial performance, business operations and growth strategy, and shareholder queries on projects, financing and performance were addressed by management.
This is a routine regulatory disclosure confirming the AGM was conducted and standard governance items were approved, with no major business or financial surprise. Investors may want to note the two adverse remarks in the Secretarial Auditor's report, though these have been explained by the Board in the Directors' Report.