Scrutiniser report for 32nd Annual General Meeting held on 26-09-2026
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Rajnish Retail Limited (formerly Sheetal Diamonds Limited) held its 32nd AGM on 26 September 2026 via video conferencing, with voting conducted through NSDL's remote e-voting and e-voting during the meeting. All four ordinary resolutions were passed with overwhelming majority. Resolution 1 (adoption of audited financial statements for FY ended 31 March 2026) was approved with 40,959,996 votes in favour (99.9976%). Resolution 2 (re-appointment of Mr. Anand Kumar Jain, DIN: 06473991, as director retiring by rotation) received 40,959,866 votes in favour (99.9976%). Resolutions 3 and 4, which involved approval of related party transactions (RPTs) up to ₹10 crores, saw promoter votes (39,674,910) treated as invalid due to conflict of interest, and were passed with 99.56% and 99.92% in favour respectively. Out of 42,497 total shareholders on record date, only 147 attended the meeting via VC.
This is a routine compliance filing confirming the smooth conduct of the AGM with no contentious issues. Shareholders should note the approval of related party transactions worth up to ₹10 crores, which is worth tracking in future quarterly disclosures. The re-appointment of Mr. Anand Kumar Jain maintains continuity on the board. Low public participation in voting on RPT resolutions (only ~1.1% of non-institutional public shares polled) is typical for small-cap companies but warrants monitoring.