Proceedings of the 58th Annual General Meeting of the Company
Awaiting price reaction for this filing.
The company convened its 58th Adjourned AGM on 29th September 2025 via video conferencing. The original AGM had been adjourned on 22nd September due to lack of the required quorum. Even at the adjourned meeting, the requisite quorum was not met — only 7 members attended in person, so under Section 103 of the Companies Act 2013, the members present were deemed to form the quorum. Four ordinary resolutions were tabled for voting: adoption of financial statements, re-appointment of two directors retiring by rotation (Mr. Vidit Garg and Mr. Deepak Gupta), and appointment of secretarial auditors. Voting was conducted through remote e-voting and e-voting during the meeting, with results to be declared after the Scrutinizer's Report is received. All directors except Mr. Udit Garg and Mr. Vidit Garg attended, with Mr. Varun Gupta chairing the meeting.
This is a routine procedural disclosure with no direct impact on the stock price. However, the inability to meet the quorum even after adjournment may signal weak shareholder engagement, which shareholders may want to monitor. The resolutions tabled are standard AGM items, and investors should await the voting results for confirmation.