Enclosed herewith Scrutinizer Report for 25th AGM
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Sanmit Infra Ltd held its 25th AGM on 25th September 2025 via video conferencing. All 9 resolutions were approved with the requisite majority. Ordinary resolutions included adoption of FY25 audited financial statements (99.999% in favour), re-appointment of Mr. Dinesh Makhija as director, appointment of secretarial auditor (M/s. Ramesh Chandra Mishra & Associates for 5 years), and appointment of cost auditor (M/s. C. Sahoo & Co. for FY26). Special resolutions covered appointment of Mr. Ashok Thorat as Independent Director for 5 years and re-appointment of Mr. Sanjay Makhija as Managing Director and Mr. Kamal Makhija and Mr. Haresh Makhija as Whole Time Directors, each for a 3-year term. Notably, Resolution 9 approving related party transactions with Haresh Agencies up to Rs. 50 crores for FY26 was technically passed, but 99.82% of votes were declared invalid (likely related-party votes excluded), with only ~0.18% of eligible votes in favour.
Routine AGM business concluded smoothly with strong promoter-family support, as evidenced by near-unanimous approvals on director re-appointments. The closely-held nature of the company is highlighted by Resolution 9, where related-party restrictions left very few non-related votes, but the RPT approval still stands. Shareholders should note the Rs. 50 crore RPT ceiling with Haresh Agencies for FY26.