ENCLOSED HEREWITH 25TH AGM OUTCOME & PROCEEDINGS
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Sanmit Infra Ltd held its 25th AGM on September 25, 2025 via video conferencing, lasting just 20 minutes (2:00 PM to 2:20 PM). Out of 43,021 total shareholders, only 81 members attended, and the Chairman noted there were no qualifications or adverse remarks from the statutory or secretarial auditors for FY 2024-25. All nine resolutions were passed, including adoption of FY25 audited financials, re-appointment of three Makhija family directors (Sanjay, Kamal, and Haresh) for 3-year terms, appointment of a new independent director, and re-appointment of auditors. Notably, shareholders approved related party transactions with Haresh Agencies worth up to ₹50 crore for FY 25-26. Detailed voting results and the scrutinizer's report are to be filed with BSE by September 27, 2025.
The clean audit report and smooth passage of all resolutions indicate stable governance, while the continued re-appointments of three Makhija family directors underscore the company's family-run character. The ₹50 crore related party transaction with Haresh Agencies is a key item for shareholders to monitor, and the actual voting percentages will reveal true shareholder sentiment when disclosed.