Proceedings of 44th Annual General Meeting of the company held on Thursday, 25th September 2025.
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Phaarmasia Ltd held its 44th Annual General Meeting on 25th September 2025 via video conferencing, chaired by Director Mr. Maneesh Ramakant Sapte, from 4:00 PM to 5:15 PM. Six directors attended, including two independent directors, along with the CFO, Company Secretary, Statutory Auditor and Scrutinizer. Five business items were transacted: adoption of audited financial statements for FY ending 31 March 2025, reappointment of Whole-Time Director Mr. Naga Bhaskarrao Yallapragada (who retires by rotation), appointment of a Secretarial Auditor for five years from FY 2024-25, approval of related party transactions, and an increase in the Whole-Time Director's remuneration. Shareholders were given an e-voting facility and also allowed to vote during the meeting. The Scrutinizer's report is awaited, after which voting results will be declared and shared with the stock exchange.
The key items to watch for shareholders are the increase in remuneration of the Whole-Time Director and the approval of related party transactions, both of which were put to shareholder vote. Results of the e-voting will be decisive and may influence short-term sentiment once announced.