Radico Khaitan Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 08, 2025. Further, the company has informed the Exchange regarding voting results.
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Radico Khaitan Limited held its 41st Annual General Meeting on August 8, 2025, at the Rampur Distillery, where shareholders passed all 6 resolutions with the required majority. The resolutions included adoption of audited financial statements for FY25 (99.99% in favour), declaration of dividend on equity shares (99.99% in favour), re-appointment of Mr. Amar Singh as Director (99.95% in favour), appointment of TVA & Co. LLP as Secretarial Auditors (99.99% in favour), and ratification of Cost Auditor remuneration for FY26 (99.99% in favour). One special resolution — allowing Mr. Shivraj Khaitan to hold an office or place of profit in the Company (a related-party matter) — passed with 79.67% in favour, but saw notable dissent of 20.33%, driven largely by public institutional investors who voted 44.27% against it. Out of 1,45,690 shareholders on the cut-off date, only 58 attended in person/proxy, with voting conducted through remote e-voting (Aug 4–7) and ballot papers at the meeting.
The dividend declaration is a positive confirmation for shareholders, and routine resolutions passed with overwhelming support. However, the ~20% dissent on the related-party resolution regarding Mr. Shivraj Khaitan's continuation in office — with institutional investors voting 44% against — flags a governance concern that investors should note, even though the resolution still passed.