Outcome of the 30th Annual General Meeting of the Company held on 30th September,2025
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Shangar Decor Limited held its 30th Annual General Meeting on September 30, 2025 via video conferencing, starting at 11:35 AM and concluding at 11:45 AM. The meeting was chaired by Director Mr. Moulin Shah. Ordinary resolutions covered adoption of FY25 financial statements, re-appointment of Mr. Saumil Shrenikbhai Shah as director (retiring by rotation), appointment of statutory and secretarial auditors, and regularization of Mrs. Jalpa Moulin Shah as Non-Executive Non-Independent Director. Special resolutions sought approval for increasing the overall managerial remuneration cap from net profits, raising limits for loans and guarantees under Section 186, and approving loans/guarantees under Section 185 of the Companies Act, 2013. E-voting was open to members and the results, along with the scrutinizer's report, will be filed separately in due course.
Voting outcomes are not yet disclosed, so the actual shareholder response to key proposals — especially the hike in managerial remuneration and expanded borrowing/loan powers under Sections 185 and 186 — remains pending. Investors should track the upcoming voting results filing, as these special resolutions give the company greater financial flexibility but could affect governance perceptions and minority shareholder interests if passed with thin majorities.