Scrutinizer Report & Voting Results of Annual General Meeting held on 30th September, 2025.
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Pratik Panels Limited (BSE: 526490) held its 36th AGM on 30th September 2025 via video conferencing, with 12 resolutions put to vote. Of the 12 resolutions, 10 were passed including adoption of audited accounts, increase in authorised share capital, shifting of registered office, appointment of Whole-Time Director Mr. Pratik Satish Patil for 3 years, regularisation of his Executive Director role, and appointment of three Independent Directors (Mrs. Ashma Dilip Phadnis, Mr. Tejas Prashant More, and Mr. Krushna Shivaji Samrut). Two special resolutions failed: the alteration of the Name Clause and the alteration/substitution of the Object Clause of the Memorandum of Association, with 83.76% of votes polled against them. Voting turnout was very low at just 1.57% of outstanding shares (10,00,486 shares), with promoter group and institutional shareholders abstaining entirely. Only 45 public shareholders attended via VC.
The rejection of the name clause and object clause alterations signals shareholder disagreement with the company's proposed corporate identity or business scope changes, which could delay strategic plans. The appointments and capital expansion were approved, but the extremely low voting turnout (1.57%) means outcomes largely reflect the views of a small group of public retail shareholders rather than the broader investor base.