Shree Tirupati Balajee Agro Trading Company Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 26, 2025
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Shree Tirupati Balajee Agro Trading Company Limited held its 24th AGM on September 26, 2025 via video conferencing, lasting just 15 minutes (12:30 PM to 12:45 PM). Shareholders approved all 14 resolutions with overwhelming support, ranging from 99.59% to 100% votes in favor. Key items included adoption of FY25 audited financial statements, re-appointment of Managing Director Mr. Binod Kumar Agarwal, appointment of a Secretarial Auditor, alteration of the Main Object Clause and Articles of Association, regularization of a new Non-Executive Director, and revision in remuneration for the MD and Executive Director. Four resolutions approved material related party transactions for FY26 with group entities (Shree Tirupati Balajee FIBC, Jagannath Plastics, Ever Bags Packaging, and Stable Textile), where promoter group abstained from voting. Total voting turnout was about 65.7% of outstanding shares, with promoters voting 100% in favor on all eligible resolutions and 179 public shareholders participating via e-voting.
All resolutions passed comfortably, indicating strong shareholder confidence and smooth governance. The revision in MD/executive director remuneration and approval of related party transactions are the most material items—shareholders should track how these RPTs impact the company's financials in FY26. Low public shareholder turnout (~0.9% of public shares) is typical but limits minority influence on outcomes.