Proceedings of 53rd AGM of the Company
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Awaiting price reaction for this filing.
The 53rd AGM was held on Monday, September 29, 2025, from 11:00 AM to 11:22 AM via video conferencing. Six resolutions were tabled, including adoption of FY25 audited financial statements (no negative audit qualifications), re-appointment of Director Dev Kishan Chanda, appointment of Narendra Kumar Pasari as Executive Chairman with remuneration, re-designation of Naynesh Pasari as Managing Director with remuneration, appointment of BLAK & Co as Secretarial Auditors, and ratification of Cost Auditors' remuneration for FY26. Remote e-voting ran from September 26 to September 28, 2025, and voting results will be declared on or before October 1, 2025. Shareholders raised queries on business performance, export strategy, and the impact of the new GST regime, which were addressed by the Executive Chairman and CFO.
This is a standard procedural filing with no material business announcement, though it does indicate a notable management reshuffle at the top (new Executive Chairman and Managing Director roles). Investors should watch for the voting results on October 1, 2025 to see how the special resolutions on Director remuneration fared.