Shalimar Paints Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2025
SHALPAINTS · price
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Shalimar Paints held its 123rd Annual General Meeting on September 26, 2025, via video conference, and has now submitted the voting results along with the scrutinizer's report. Shareholders voted on 4 ordinary resolutions, all of which passed with an overwhelming 99.97% majority in favour. Total voting participation was 74.63% of outstanding shares (around 6.24 crore shares out of 8.37 crore). The resolutions covered: (1) adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Souvik Pulakesh Sengupta as Director (retiring by rotation), (3) appointment of M/s Maks & Co. as Secretarial Auditor for 5 consecutive years, and (4) ratification of remuneration payable to Cost Auditors for FY 2025-26. Promoters voted 100% in favour, while about 15-16% of votes from public non-institutional (retail) shareholders were against each resolution.
This is a routine regulatory disclosure confirming shareholder approval of standard AGM agenda items. No material business change is expected. The consistent ~15% dissent from retail shareholders on every resolution is mildly notable but not significant enough to affect the stock.