Ponni Sugars (Erode) Limited has submitted the Exchange a copy Voting Results along with Srutinizers report of Annual General Meeting held on Jun 11, 2025
PONNIERODE · price
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Awaiting price reaction for this filing.
Ponni Sugars (Erode) Limited submitted to the exchanges the voting results of its 29th AGM held on 11th June 2025 via video conference. Out of 18,786 shareholders on the cut-off date, 64 attended through video conferencing (7 from promoter group, 57 from public). All five resolutions were passed with the required majority. Resolution 1 (adoption of FY2024-25 financial statements), Resolution 3 (reappointment of Mrs. Bharti Chhotubhai Pithawalla as Director via special resolution), Resolution 4 (appointment of Secretarial Auditor) and Resolution 5 (remuneration to Cost Auditor for FY2025-26) each received over 99.99% votes in favor. Resolution 2 (declaration of dividend for FY2024-25) received 99.91% support, with 3,644 votes against out of about 41.09 lakh polled. The scrutinizer, A.S. Kalyanaraman (Practicing Chartered Accountant), confirmed that the e-voting process was conducted in a fair and transparent manner.
A routine, smooth AGM with near-unanimous shareholder approval across all resolutions, including a dividend declaration and a director reappointment, signals steady management continuity and no governance concerns. No meaningful dissent means no likely negative reaction in the stock from this filing.