e- voting results of the AGM held on 20.09.2025
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Sambandam Spinning Mills held its 51st Annual General Meeting on September 20, 2025, via video conferencing. All six ordinary resolutions put to vote were approved by shareholders with overwhelming 99.99% majority (only about 71 votes against out of over 22 lakh votes). Key resolutions included adoption of financial statements, appointment of statutory auditors for FY 2025-26, appointment of Secretarial Auditors for FY 2025-26 to 2029-30, ratification of cost auditor fees, reappointment of retiring director Mr. D. Sudharsan, and approval to accept fixed deposits from members. E-voting was conducted through NSDL from September 15-19, 2025, and results were scrutinized by K. Karthikeyan, Practicing Cost Accountant.
Smooth passage of all resolutions with near-unanimous shareholder support signals no governance concerns. The approval to accept fixed deposits from members opens a funding avenue for the company directly from shareholders.