Proceedings and Scrutinisers Report of the 61st Annual General Meeting (AGM) of Futura Polyesters Limited
Awaiting price reaction for this filing.
Futura Polyesters held its 61st AGM on May 29, 2026 via video conferencing. The meeting, chaired by Mr. Shyam Ghia (Chairman & MD), lasted only 10 minutes. All business was transacted and passed unanimously. One resolution was voted on — adoption of the audited financial statements for the year ended March 31, 2022. The resolution received 23,391,603 votes in favour (100%) and 0 against, passed with only 21 total voters participating (20 via remote e-voting, 1 during the AGM). 34 members attended the meeting. Note that there were qualifications/adverse remarks in the Statutory and Secretarial Auditors' reports, which were replied to in the Directors' Report and taken as read with shareholders' permission.
All agenda items passed unanimously, signalling shareholder approval. The extremely narrow participation (21 voters) with 100% approval suggests a controlling shareholder structure. The flagged audit qualifications warrant further investigation as they could signal financial or compliance risks.