Pennar Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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Pennar Industries held its 49th AGM on September 30, 2025 via video conferencing from 11:00 AM to 11:44 AM, chaired by Mr. RVS Ramakrishna with Mr. Aditya Rao (Vice-Chairman & MD) presenting FY25 performance. The Audit Reports had no qualifications, and all required quorum was present throughout. Seven resolutions were transacted, including adoption of audited FY25 financial statements, re-appointment of Mr. Aditya Rao as a Director (retiring by rotation), ratification of Cost Auditors' remuneration (Kandikonda & Associates) for FY26, appointment of a Secretarial Auditor, authorization to create charges, approval to borrow in excess of paid-up capital and free reserves, and approval for investments/loans/guarantees/securities. Remote e-voting ran from September 26-29, 2025, and the voting results will be announced within 48 hours by the scrutinizer.
The resolution to borrow beyond paid-up capital and free reserves is the most notable item, signalling potential fundraising or expansion plans that shareholders should watch closely. Clean audit reports and routine governance items indicate stable operations, while the voting results due within 48 hours will confirm shareholder support for these enabling resolutions.