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Saptak Chem and Business Limited held its 46th Annual General Meeting on Saturday, August 30, 2025, via video conferencing, from 11:30 a.m. to 11:46 a.m. The company had 12,556 shareholders on the record date (August 23, 2025), with 2 promoter group members and 42 public shareholders attending. Two ordinary resolutions were put to vote, and both passed with overwhelming majority. Resolution 1, on adopting the audited financial statements for FY ended March 31, 2025, received 99.9982% votes in favor (2,564,067 shares) and just 0.0018% against (46 shares). Resolution 2, on re-appointing Mr. Rohitkumar Parikh as Managing Director, received identical voting results. Total voting turnout was only 23.89% of outstanding shares, with promoter group voting 1,750,000 shares (100% in favor) and public non-institutions voting 814,067 shares (99.99% in favor). PCS Rupal Patel served as scrutinizer.
Both resolutions passed comfortably with near-unanimous shareholder support, indicating strong approval of the company's FY25 financial statements and the re-appointment of the Managing Director. The very low participation (just under 24% of shares polled) is routine for small-cap companies but means outcomes were largely driven by promoter holdings.