Scrutinizer Report and Voting Results for 30th Annual GENERAL Meeting of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shangar Decor Limited held its 30th AGM on September 30, 2025 via video conferencing, where all 8 resolutions were passed. Resolutions on adoption of financial statements (99.93% assent), appointment of statutory auditors (~98% assent), and secretarial auditors (98.00% assent) were approved with overwhelming majority. However, resolutions on re-appointment of director Mr. Saumil Shah (65.93% assent), increase in managerial remuneration (66.13% assent), increase in Section 186 loan/guarantee limits (66.13% assent), Section 185 related-party loans (66.13% assent), and regularization of Mrs. Jalpa Moulin Shah as Non-Executive Director (63.48% assent) faced notable dissent of 33-34%. Total valid votes polled were 2,34,23,730 by 82 members. A consistent bloc of roughly 79-80 lakh dissenting votes appears across the management-favoured resolutions.
All resolutions technically passed, but the recurring ~34% dissent on director appointments, managerial remuneration hikes, and related-party loan/guarantee limits signals governance discomfort from a sizable minority shareholder group, which could weigh on shareholder sentiment going forward.