Power Mech Projects Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 22, 2025
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Power Mech Projects held its 26th AGM on September 22, 2025 via video conferencing, and all 10 resolutions were passed with the requisite majority. Key items included adoption of financial statements, declaration of a dividend on equity shares, and ratification of cost and secretarial auditors, all of which received near-unanimous approval (99.99%–100%). Two new/continuing executive leadership items stood out: Mr. Sajja Rohit's appointment as Whole-Time Director passed with 84.54% support (15.46% dissent) and Mr. Sajja Kishore Babu's re-appointment as Managing Director passed with 85.04% support (14.96% dissent). Mr. Bontha Prasada Rao was appointed as an Independent Director with 99.98% support. The resolution on Related Party Transactions with subsidiaries received 95.97% support, with 4.03% dissent.
Routine outcome for retail shareholders as all resolutions passed and a dividend has been declared, signaling continuity in returns. However, the unusually high dissent (around 15%) on the executive director appointments and the notable dissent on related-party transactions indicate institutional investor discomfort with management/board appointments and related-party dealings, which could be a point of concern for governance-focused investors.