Palash Securities Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2025
PALASHSECU · price
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Palash Securities Limited submitted the scrutinizer's report and voting results for its 11th AGM held on September 24, 2025, conducted via video conferencing. All six resolutions were passed with the requisite majority. Resolution 1 (adoption of FY25 audited standalone and consolidated financial statements) was approved with 90.61% of votes in favour. Resolution 2 (re-appointment of Ms. Shalini Nopany, DIN: 00077299, as director retiring by rotation) secured 90.28% support. Resolution 3 (appointment of Secretarial Auditor for five consecutive years from April 1, 2025 to March 31, 2030) was passed with 90.74% approval. The key Special Resolution 4, approving the sale of equity shares of material subsidiary Morton Foods Limited, was passed with 88.06% in favour. Resolutions 5 and 6, covering material related party transactions involving Morton Foods and the company, were approved with 86.65% and 88.06% votes in favour, respectively. A total of 84 members participated via remote e-voting.
Shareholders have cleared the way for the company to divest its stake in material subsidiary Morton Foods Limited and to undertake related party transactions, which could reshape the company's investment portfolio. This is largely a procedural disclosure with no immediate cash flow to minority shareholders, though the subsidiary divestment may affect future consolidated earnings.