Scrutinizer''s Report & Voting Result of 34th Annual General Meeting
PRAKASHSTL · price
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Prakash Steelage Limited held its 34th Annual General Meeting on September 26, 2025, via video conferencing. Out of 1,62,430 shareholders on the record date, only 39 attended virtually (8 promoters and 31 public), and 257 members cast votes through remote e-voting. All 5 ordinary resolutions were passed with overwhelming shareholder support of over 99.89% in favour. The resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Kamal P. Kanugo as Director liable to retire by rotation, re-appointment of Mr. Ashok M. Seth as Whole-Time Director, ratification of Cost Auditor remuneration for FY 2025-26, and appointment of M/s. S.K. Jain & Co. as Secretarial Auditor for a 5-year term from FY2025 to FY2030. Overall voting participation was 33.58% of total shares, with promoters showing 98.38% participation while public shareholders voted with only 0.84% of their holdings.
This is a routine regulatory disclosure confirming that all AGM business items received near-unanimous shareholder approval. The very low public shareholder voting turnout (under 1%) is notable but not unusual for small-cap companies. No material changes to operations or governance are expected — the appointments and ratifications are administrative in nature. Investors should note the continuation of existing directors and auditor relationships for the next term.