Submission of Voting Result and Scrutinizer Report for the 33rd AGM of the Company
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Sainik Finance & Industries Ltd held its 33rd AGM on September 24, 2025, via video conferencing from 11:30 AM to 11:45 AM. A total of 4,045 shareholders were on record as of the cut-off date September 19, 2025, with 148 shareholders (19 promoters and 129 public) attending through video conferencing. All 6 resolutions at the AGM were passed with overwhelming approval — 7,592,196 votes were polled (69.78% of outstanding shares), of which 7,592,094 (99.9987%) voted in favor and only 102 (0.0013%) voted against. The resolutions included adoption of FY25 audited financial statements, re-appointment of directors Sarvesh Sindhu, Ramesh Shah, and Nishi Sabharwal, appointment of Rakesh Kumar & Associates as secretarial auditors for 5 years, and approval of material related party transactions with Purshottam Buildwell Private Limited (where promoter votes were excluded due to their interest).
All agenda items were passed with near-unanimous shareholder approval and no contentious issues, indicating smooth governance. Shareholders should note that the related party transaction with Purshottam Buildwell was approved without promoter votes counting, meaning it passed on the strength of non-promoter public support alone.