Voting Results and Scrutinizer''s Report of 31st Annual General Meeting held on 15.09.2025 for the FY 2024-25.
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Prima Industries held its 31st Annual General Meeting on 15 September 2025, where all 9 resolutions were passed with the requisite majority. Shareholders approved the audited standalone and consolidated financial statements for FY 2024-25, the re-appointment of Mr. Kushagra Gupta as director (retiring by rotation), and the appointment of secretarial auditors. Special resolutions cleared authorisations for loans, guarantees and investments under Sections 185 and 186, ratification of related party transactions with group companies for FY 2024-25, approval of material related party transactions for FY 2025-26, and an extension of the redemption period for preference shares. Across the resolutions, votes polled ranged from about 41% to 70% of total shares (10.79 lakh shares outstanding), and nearly all votes cast were in favour, with only 2 shares voted against the director re-appointment.
This is routine AGM business — no contentious items, as every resolution sailed through with near-unanimous support. Shareholders should note the board now has clearance for further related party transactions in FY 2025-26 and the redemption timeline for preference shares has been extended, which deferentially impacts those preferred shareholders.