Voting Results for AGM held on 26th September, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Shahi Shipping Limited held its 35th AGM on 26 September 2025 via video conference, where all five ordinary resolutions were approved. The resolutions covered: (1) adoption of audited financial statements for FY ended 31 March 2025, (2) re-appointment of Ms. Anjali Shahi as Non-Executive Non-Independent Director, (3) approval of related party transactions, (4) re-appointment of Mr. Sanjeev Kumar Singh as Independent Director, and (5) appointment of HRU & Associates as Secretarial Auditor. About 75.5% of total outstanding shares (1.45 crore) were polled, with promoters (holding ~50% stake) voting 96.84% in favour on all resolutions. However, public non-institutional shareholders voted overwhelmingly against all resolutions — roughly 99.95% of their polled votes (37 lakh out of 37.02 lakh shares) were against each resolution. Resolutions passed only due to the promoter's majority stake carrying the vote.
All resolutions technically passed but with rare and near-unanimous dissent from public minority shareholders on every single agenda item, including basic items like financial statement adoption. This is a red flag for governance and minority shareholder confidence — investors should monitor whether the company addresses the underlying concerns driving this widespread public opposition.