Scrutinizers Report for AGM held on 26th September, 2025
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Shahi Shipping Limited held its 35th Annual General Meeting on 26th September 2025 via video conferencing. All 5 resolutions were passed, including adoption of audited financial statements for FY25, re-appointment of Ms. Anjali Shahi (Non-Executive Non-Independent Director) by rotation, approval of related party transactions, re-appointment of Mr. Sanjeev Kumar Singh as Independent Director, and appointment of HRU & Associates as Secretarial Auditor. Total valid votes cast were 1,09,49,438 equity shares by 49 members. Notably, while resolutions passed, 36% of votes (39,29,152 shares from 24 members) were voted against every resolution, with only 64% (70,20,286 shares from 25 members) in favour. No votes were cast during the AGM itself except for 540 shares on the related party transaction resolution.
All resolutions passed but with significant 36% dissent across the board, which may signal shareholder discontent on issues like related party transactions and director appointments. Investors should monitor whether this level of opposition persists in future AGMs, as it could affect governance perception and stock sentiment.