Shoppers Stop Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 17, 2025
SHOPERSTOP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shoppers Stop submitted the Scrutinizer's Report for its 28th AGM held on July 17, 2025, conducted via video conferencing. Out of 29,331 total shareholders on the cut-off date (July 9, 2025), 43 shareholders attended the meeting. All four resolutions were approved with the required majority: (1) Adoption of audited Standalone and Consolidated Financial Statements for FY ended March 31, 2025 passed with 100% votes in favour; (2) Noting that Mr. B.S. Nagesh, Non-Executive and Non-Independent Director, did not wish to be re-appointed on retirement by rotation, passed with 100% in favour; (3) Appointment of Parikh & Associates as Secretarial Auditors for 5 years passed with 99.88% in favour; and (4) Approval of Related Party Transaction with M/s. Invik Consulting passed with 95.24% in favour, though it saw notable dissent of 18.26% from public institutional holders. Kfin Technologies facilitated the e-voting process, and Mr. Kaushal Dalal served as the Scrutinizer.
All AGM resolutions were approved, meaning the company's FY25 financial statements are formally adopted and the secretarial auditor appointment and related party transaction with Invik Consulting have shareholder backing. The retirement of B.S. Nagesh, the founder and a key non-executive director, marks a notable board change. The relatively high institutional dissent on the Invik Consulting related party transaction (nearly 1 in 5 institutional votes against) is worth watching but unlikely to move the stock significantly on its own.