This is to inform you that the Extra-ordinary General meeting of the Company concluded today, i.e. 12th February, 2026 at the registered office of the Company. The proceedings of the said ....
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Saffron Industries Ltd held its Extra-Ordinary General Meeting (EGM) on 12th February 2026 at its registered office in Nagpur. Two resolutions were tabled: (1) Re-appointment of Shri Manoj Rameshwar Sinha (DIN: 07564967) as Whole-Time Director for a 3-year term under Ordinary Business, and (2) Approval for granting loans and advances to group companies under Section 185 & 186 of the Companies Act, 2013 under Special Business. Remote e-voting was conducted from 9th to 11th February 2026, and polling papers were used at the meeting. Quorum was confirmed, all 7 directors and KMPs were present, and no queries were raised by members. Voting results on both resolutions will be submitted separately under SEBI Regulation 44. The meeting concluded at 12:30 PM.
No material impact on stock price expected from this filing alone, as it merely confirms that an EGM was conducted. Shareholders should await the separate voting results announcement to know whether the director re-appointment and group company loans proposals were approved. Approval of loans to group companies could raise governance concerns for some investors.