Pilani Investment and Industries Corporation Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 30, 2025
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Pilani Investment and Industries Corporation Limited submitted the scrutinizer's report for its 78th AGM held on June 30, 2025, via video conferencing. All seven resolutions were passed with overwhelming majority. Key items included adoption of audited financial statements for FY25, declaration of dividend on equity shares, re-appointment of Smt. Rajashree Birla as director, continuation of her as Non-Executive Director, fixing borrowing powers, approval of material related party transactions, and appointment of secretarial auditor. On most resolutions, 65,62,421 votes were cast in favour against just 2 votes against, representing 100% approval. For the related party transactions resolution (Item 6), promoter group abstained and only public shareholders voted, with 1,95,876 in favour (99.97%). A total of 20,043 shareholders were on record date with 11,072,250 outstanding shares.
All resolutions received near-unanimous shareholder approval, reflecting strong support for management proposals. The dividend declaration is a direct positive for shareholders, while approval of borrowing powers gives the company flexibility for future funding. The related party transactions item saw promoter abstention, which is standard practice, and was approved by public shareholders.