Voting Results and Scrutinizers Report of 45th Annual General Meeting
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Sangal Papers Ltd held its 45th AGM on September 26, 2025 via video conferencing, where all 7 resolutions were passed with requisite majority. Key items included adoption of FY25 audited financial statements, re-appointment of directors Vinayak Sangal and Tanmay Sangal (retirement by rotation), appointment of secretarial auditors, ratification of cost auditors' remuneration, and re-appointment of Himanshu Sangal as Managing Director and Amit Sangal as Executive Director (both Special Resolutions). Only 47 shareholders (9 promoters and 38 public) attended through VC out of 3,037 total members. About 40.9% of outstanding shares were polled, with 97.47% votes in favor and 2.53% against across all resolutions; promoter group voted 100% in favor while some public non-institutional holders voted against (28.27% dissent within public votes polled).
Routine AGM business conducted smoothly with all resolutions passing, confirming management continuity and board stability. Low voting turnout (under 41% of shares polled) and notable public dissent (~28% of public votes against) on director re-appointments signal some minority shareholder discomfort with the promoter-led board, though unlikely to materially affect stock price.