Scrutinizer Report 2025
Awaiting price reaction for this filing.
Sagar Diamonds Limited held its 9th Annual General Meeting on 30th September 2025 at Surat, Gujarat. Practicing Company Secretary Manjula Poddar was appointed as scrutinizer for the voting process. Only ballot voting at the venue was conducted — the company did not provide remote e-voting facility, which the scrutinizer flagged as non-compliance with Section 108 of the Companies Act. A total of 231,800 votes from 7 shareholders were cast, with all votes valid and no invalid or dissenting votes. All four resolutions passed with 100% approval: (1) adoption of audited financial statements for FY ending March 31, 2025; (2) reappointment of Mr. Vaibhav Dipak Shah as Director (retiring by rotation); (3) appointment of Mr. Samson Charles William as Director; and (4) appointment of Ms. Manjula Poddar as Secretarial Auditor.
All resolutions passed unanimously, so there are no governance surprises or shareholder dissent. However, the absence of remote e-voting and the noted non-compliance with Section 108 is a minor corporate governance red flag that retail investors should be aware of.