Voting Results together with Scrutinizer Report for 32nd Annual General Meeting of the Company held on 27th September 2025 at 11.30 AM.
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Saboo Sodium Chloro Limited held its 32nd AGM on 27 September 2025 via video conferencing, where 6 resolutions were put to vote. Out of 12,347 total shareholders on record date, 44 attended through VC (4 promoters, 40 public). Four resolutions were passed, including adoption of audited financial statements for FY25 (78.94% in favour), re-appointment of Mrs. Sangita Devi as Woman Director (78.94%), appointment of secretarial auditor for 5 years (78.94%), and transfer of a business unit to a subsidiary company (78.94% in favour). However, two resolutions were rejected by shareholders — the related party transaction under Section 188 (only 10.87% in favour, 89.13% against) and the increase in Managing Director's remuneration (only 9.49% in favour, 90.51% against). Promoters were marked as interested in both failed resolutions and did not cast votes.
Shareholders clearly pushed back on two management proposals — related party transactions and a hike in MD remuneration — sending a strong signal of dissent against promoter-aligned resolutions. While routine governance items passed comfortably, the rejection of the MD pay hike could affect management compensation plans and future related-party dealings, and may weigh on investor sentiment.