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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Saianand Commercial Ltd held its AGM on 24th September 2025, where all 5 resolutions were passed. The resolutions included approval of FY2024-25 audited financial statements (89.38% in favour), re-appointment of Mr. Milan Khatri as director (63.01% in favour), appointment of M/s. Bipin & Co. as statutory auditors (62.81%), a special resolution to enhance borrowing limits under Section 180(1)(c) (62.92%), and a special resolution to expand investment, loan and guarantee powers under Section 186 (62.91%). Promoter and promoter group did not participate in voting (0 shares), and overall shareholder turnout was very low at just 3.46% of outstanding shares (78,51,318 shares polled out of 22,72,00,000). Resolutions 2 through 5 saw meaningful dissent of roughly 37% from non-institutional public shareholders, while the financial statements resolution passed with much broader support.
All routine AGM items passed, so no immediate disruption for shareholders, but the notable ~37% opposition on director re-appointment, auditor change and enhanced borrowing/investment powers signals some public shareholder discomfort. The very low voter turnout and zero promoter participation are unusual red flags that retail investors should monitor, as is the expanded borrowing and investment authority granted to the board.