Scrutinizer Report on Voting Result of 45th AGM
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Shree Rajasthan Syntex Ltd held its 45th Annual General Meeting on September 10, 2025, at its registered office in Dungarpur, Rajasthan, with voting conducted via remote e-voting and physical poll. All 9 resolutions were passed with overwhelming majority, receiving over 16.25 lakh votes in favor against just 1,001–1,301 dissenting votes. Key resolutions approved include an increase in authorised share capital and issuance of up to 81,25,000 equity shares on a preferential basis for cash, plus 46,00,000 shares against conversion of existing unsecured loans into equity. Directors re-appointed include Mr. Anubhav Ladia (Whole-Time Director & CFO, by rotation), Mrs. Manju Datta and Mr. Sandeep Kumar Jain (both as Independent Directors). The scrutinizer declared no invalid polling papers, confirming all resolutions were carried with the requisite majority.
Approval of the preferential allotment and loan-to-equity conversion will lead to dilution of existing shareholders' stake but reduces debt burden by converting unsecured loans into equity, strengthening the balance sheet. Routine director re-appointments and auditor ratifications signal stable governance continuity with no disruption to management.