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Prospect Consumer Products Ltd held its 3rd AGM on 26th September 2025, where all 8 resolutions were passed. Ordinary resolutions included approval of FY25 audited financial statements, reappointment of Mrs. Riddhi Bharat Vasita as director, and an increase in authorized share capital from ₹6.5 crore to ₹7.5 crore (65 lakh to 75 lakh equity shares of ₹10 each). Special resolutions approved issuing 7 lakh convertible warrants at ₹100 each to promoters on a preferential basis, waiving recovery of excess remuneration paid to the Managing Director and a Director for FY24-25, ratifying a keyman insurance policy, and increasing remuneration of the MD and Director.
Shareholders should note the preferential warrant issue to promoters at ₹100 per share, which could lead to equity dilution once converted; the authorized capital hike is a precursor to this. Public voting turnout was extremely low (only 46,000 out of 53.23 lakh shares voted on promoter-related resolutions), meaning these decisions were largely approved by minimal public participation.