Poojawestern Metaliks Limited submitted a copy of scrutinizers report of Annual General Meeting held on September 25, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Poojawestern Metaliks held its 9th AGM on September 25, 2025 via video conferencing, where 9 resolutions were put to vote by 9,669 shareholders representing 63.02% of outstanding shares. Of the 9 resolutions, 8 were passed and 1 (the dividend declaration) was rejected, with 98.06% of votes polled against it — promoters voted 100% against the dividend while public non-institutional shareholders backed it 78.36%, but their share was too small to sway the result. The adopted items include the FY25 standalone and consolidated financial statements, the reappointment of Mr. Vivek Sunil Panchmatiya as Executive Director (retiring by rotation), the appointment of M/s Mittal V. Kothari & Associates as Secretarial Auditor for 5 years, adoption of a new set of Articles of Association, and the reappointment of Mr. Meet Panchmatiya as Executive Director. The company also approved revisions in remuneration for Chairman & Managing Director Sunil Devram Panchmatiya, Whole Time Director Anil Devram Panchmatiya, and Executive Director Vivek Sunil Panchmatiya, though these saw meaningful dissent (~77% of public non-institutional votes were against, though promoter support carried them through at 98%+ approval overall).
Shareholders should note that no dividend has been declared for FY25 despite majority public retail support, meaning investors will not receive a dividend payout this year. The 3 promoter-executive pay hike resolutions passed on the strength of promoter voting, but the strong (~77%) public dissent signals ongoing retail shareholder discomfort with promoter remuneration. These are governance signals retail investors may want to track, though they are unlikely to trigger an immediate price move on their own.