Outcome, Proceedings and voting Result along with Scrutinizer Report of 42nd AGM
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Sarvamangal Mercantile Company held its 42nd AGM on September 25, 2025, at its registered office in Worli, Mumbai, from 11:00 a.m. to 11:40 a.m. Four resolutions were transacted: (1) adoption of audited financial statements for FY ending March 31, 2025, (2) re-appointment of Mrs. Vandana Somani as director retiring by rotation, (3) appointment of M/s Smita Prabhu & Associates as secretarial auditor, and (4) appointment of Mrs. Namrata Somani as Managing Director for a three-year term. All four resolutions were passed unanimously with 100% votes in favour. Resolutions 1 to 3 received 157,400 votes (63.21% of the 249,000 total shares), while Resolution 4 received 104,900 votes in favour after 52,500 promoter group shares were declared invalid. The auditors' report and secretarial audit report had no qualifications.
All resolutions passed with 100% approval, indicating smooth governance with no shareholder dissent. The re-appointment of the Managing Director for a three-year term provides leadership continuity, though the company is very small (only 11 members attended, total 249,000 shares outstanding) so this is unlikely to materially affect the stock price.