Proceedings and Scrutinisers Report of the 62nd Annual General Meeting (AGM) of Futura Polyesters Limited
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Futura Polyesters Limited held its 62nd AGM on 29th May 2026 via Video Conferencing. All three resolutions were passed unanimously with 100% shareholder approval - 21 members voted representing 23,391,649 shares. The resolutions included adoption of audited financial statements for FY2023 (year ended 31st March 2023), re-appointment of Mr. Shyam B. Ghia as Managing Director, and re-appointment of Mr. Mukund Dharamdas Dalal as Joint Managing Director. The meeting noted that there were audit qualifications mentioned in the Statutory and Secretarial Auditors' reports, which were addressed in the Directors' Report. No shareholders voted against any resolution and no invalid votes were recorded.
All resolutions passed smoothly with complete shareholder support, indicating stability in leadership. However, the reference to audit qualifications and the fact that FY2023 financial statements were approved only in May 2026 (a 3-year delay) may raise concerns about corporate governance and timely reporting.