Scrutinizer report for the 16th AGM of the Company.
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Sheshadri Industries Ltd held its 16th Annual General Meeting on September 22, 2025, at Hotel Minerva Grand, Secunderabad. Of the 6,608 shareholders on record, 5 promoter group members and 72 public shareholders attended the meeting. All seven resolutions on the agenda were passed with the requisite majority: 4 ordinary resolutions covering adoption of FY25 audited financial statements, reappointment of Managing Director Jeetender Kumar Agarwal (retiring by rotation), approval of related party transactions, and appointment of secretarial auditors; and 3 special resolutions for appointing Ms. Pooja Gupta and Shri. Uttam Gupta as Independent Directors, and increasing the Managing Director's managerial remuneration. A total of 34,22,080 votes were polled, representing about 69% of outstanding shares, with 34,22,071 votes (99.9997%) in favour and only 9 votes against across all resolutions.
All resolutions sailed through with overwhelming shareholder support and no abstentions, reflecting strong investor confidence and smooth governance. Shareholders should note the approval of an increase in remuneration for the Managing Director (a special resolution requiring extra majority) and the addition of two Independent Directors, which strengthens the board's composition.