Voting results & scrutnizer report of 30th Annual General Meeting
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Raideep Industries held its 30th AGM on September 29, 2025, from 11:30 AM to 12:05 PM, at its registered office in Ludhiana. The company has 2,378 shareholders on record with a paid-up equity capital of Rs. 5,50,80,000 (55.08 lakh shares of Rs. 10 each). All five resolutions were approved with 100% votes in favour. These included: (1) adoption of audited standalone and consolidated financial statements for FY25, (2) reappointment of Managing Director Mr. Rai Sahib (DIN: 01582498) as director liable to retire by rotation, (3) and (4) regularisation of Ms. Parul Singh and Ms. Somali Trivedi as Independent Directors, and (5) appointment of M/s. Jain P & Associates as Secretarial Auditors. Only 21 shareholders attended in person and voting turnout was modest at 23-32% of outstanding shares. Scrutinizer Preeti Mittal of Jain P & Associates certified the results.
All resolutions passed unanimously, including director reappointments, induction of two new independent directors, and auditor appointment, signalling smooth board continuity and governance compliance. However, the very low voting participation (~32% on key resolutions, and only ~21 shareholders physically present) reflects limited minority shareholder engagement, which is typical for small-cap companies.