Pursuant to Regulation 44(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit voting results and scrutinizer''s ....
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Riddhi Siddhi Gluco Biols held its 34th AGM on 25 September 2025 via video conferencing and all 8 resolutions were passed with overwhelming shareholder support. Around 90.56% of outstanding shares (64,57,088 shares) were polled on most items, with 99.76% voting in favour and only 0.24% against. Key items approved include adoption of FY25 audited financial statements, declaration of dividend, re-appointment of Mr. Ganpatraj Chowdhary as Managing Director, re-appointment of Mr. Siddharth Chowdhary as Whole-Time Director, re-appointment of Independent Director Mr. Mahendra Kumar Bhandari for a second 5-year term, and appointment of Mr. Kinjal Shah as Secretarial Auditor for five years. The material related party transaction to extend loans or guarantees to subsidiary Shree Rama Newsprint Limited passed with 94.98% support, though total participation on this item was lower at 4.30% because promoters abstained due to being an interested party, and 8,56,069 public non-institutional votes were declared invalid.
Strong, near-unanimous backing across all resolutions signals solid shareholder confidence in management and reinforces continuity at the board level. Approval of the subsidiary-related transaction allows Riddhi Siddhi Gluco Biols to extend financial support to Shree Rama Newsprint Limited, which may matter to investors tracking the group structure, while the confirmed dividend is a positive income signal for shareholders.