Corporate announcement for Outcome of the 32nd Annual General Meeting held on Tuesday, 02nd June, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Securities Ltd held its 32nd AGM on June 2, 2026 via video conferencing. Shareholders approved the audited financial statements for FY ended March 31, 2025 and the regularization of three new non-executive independent directors — Mr. Smit Rachhadiya, Mr. Kishankumar Tilva, and Mrs. Dimpi Changela. The appointment of the secretarial auditor was also approved. However, three special resolutions were rejected by shareholders, including allowing loans and guarantees under Section 185, raising the threshold for loans, guarantees and investments under Section 186, and increasing the combined FPI/FII shareholding limit to 49% of paid-up equity capital.
The board has been strengthened with three new independent directors, which may improve governance standards. However, the rejection of the FPI/FII limit hike to 49% is a negative signal for foreign investors hoping for higher exposure, and the failure of the Section 185/186 resolutions limits the company's flexibility to extend loans or make investments. Shareholders should watch for any governance concerns behind the rejected resolutions.