Sejal Glass Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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Sejal Glass Limited held its 27th AGM on September 30, 2025, from 11:00 a.m. to 12:35 p.m. at its Kandivali West office in Mumbai, with 65 members in attendance. All six directors were present (some via video conference), along with the statutory auditor, secretarial auditor and scrutinizer. Six resolutions were transacted, including adoption of audited standalone and consolidated financial statements for FY25 (both auditor reports were unqualified), reappointment of Mr. Vijay Mamania as a director retiring by rotation, appointment of the secretarial auditor, approval of remuneration for Whole-Time Director Mr. Jiggar Savla (special resolution), and approval to issue Non-Convertible Redeemable Preference Shares (NCRPS) on a private placement basis to promoter group entity Dilesh Roadlines Private Limited (special resolution). Remote e-voting ran from September 25 to September 29, 2025, and consolidated voting results will be declared within two working days.
Routine AGM proceedings with no negative auditor observations, but the NCRPS private placement to the promoter group is a noteworthy capital-related action whose terms and pricing will only be clear once the voting results and accompanying disclosures are released. Shareholders should watch for the scrutinizer's report and any further details on the NCRPS issue, which could have a modest dilution or preference-capital impact depending on size.