Voting Results and Scrutinizer''s Report for the 18th Annual Geneal Meeting.
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Prime Fresh Limited held its 18th Annual General Meeting on September 26, 2025, via video conferencing, with all 7 resolutions passed with the required majority. Out of 1,463 shareholders on record date, about 60.2% of outstanding shares (82,18,562 shares) participated in voting. Key items included adoption of FY2025 financial statements (passed 100%), re-appointment of Mr. Hiren Chandrakant Ghelani as Whole-time Director (100%), and appointment of Ms. Khyati Bhavya Shah as Non-Executive Independent Director (100%). Two special resolutions — enabling loans/investments under Section 186 and increasing borrowing limits under Section 180(1)(C) — passed with 99.88% support. A related party transaction resolution passed with 99.95% support, but promoter votes (68,07,708 shares) were excluded because promoters were deemed interested in that matter.
All agenda items were approved, giving the company shareholder backing to increase its borrowing capacity and make larger investments or loans, which could support business expansion. The approval of a related party transaction signals ongoing dealings between the company and its promoters, which minority shareholders should monitor for fairness.