AGM results: 4 resolutions passed, material subsidiary divestment approved
SHANTI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.9 pts less than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shanti Overseas held its 15th AGM on Sep 30, 2026 via video conferencing. All 4 resolutions passed with 96.41 percent in favour. These include adoption of FY26 audited financial statements, re-appointment of director Ashish Kumar Naik, re-appointment of independent director Shribala Mandhanya for a second 5 year term, and approval to fully divest equity in material subsidiary Shaan Agro Oils and Extractions Pvt Ltd. Only 35 public shareholders voted, casting 5,707 votes out of 11.1 lakh shares (0.05 percent turnout). No promoter votes were recorded.
Key event is the approved full divestment of material subsidiary Shaan Agro Oils. Shareholders should watch for buyer details, sale price, and use of proceeds. Voting turnout was very low.