Outcome, Proceedings, Voting Results and Scrutinizer''s Report of 39th Annual General Meeting held on 14th July 2025 of the Company
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Shiva Cement Limited held its 39th AGM on July 14, 2025 via video conferencing, with 44 members in attendance out of 58,442 shareholders on record. All five ordinary resolutions were passed with overwhelming majority, including adoption of FY25 audited financial statements, re-appointment of Mr. Narinder Singh Kahlon as director, appointment of M/s. SR Agarwal & Associates as secretarial auditors for five years, approval of cost auditor remuneration for FY26, and approval of material related party transactions with Bhushan Power & Steel Limited for FY26. Voting was strongly in favor across resolutions (98.99% to 99.99%), with the promoter and promoter group (holding 19.6 crore shares) abstaining on the Bhushan Power & Steel related party resolution as required under SEBI rules. The Chairman, Mr. Manoj Kumar Rustagi (Whole-time Director & CEO), confirmed the auditor's report carried no qualifications or adverse comments.
Routine procedural AGM with all resolutions passing comfortably and clean audit report, indicating no immediate governance concerns for shareholders. Investors should note the approved material related party transaction with Bhushan Power & Steel Limited for FY26, which is a related-party arrangement requiring ongoing disclosure and scrutiny.