Proceedings of 31st AGM held on September 29, 2025 pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
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Shri Krishna Devcon Ltd held its 31st Annual General Meeting on September 29, 2025, via video conferencing, lasting about 40 minutes (4:30 PM to 5:10 PM). Chairman & Managing Director Sunil Kumar Jain chaired the meeting, with Mukesh Kumar Jain, Bhupendra Singh Bundela, CFO Vikas Kumar Jain, and Company Secretary Neeraj Anjane in attendance. Shareholders were asked to approve ordinary items including adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025 and re-appointment of Naveen Kumar Jain as a director retiring by rotation. Special business resolutions covered the appointment of B.K. Pradhan & Associates as Secretarial Auditors for 5 years, approval of material related party transactions with three directors (Sunil Kumar Jain, Naveen Kumar Jain, Mukesh Kumar Jain) and two entities (Rose Builtech and Avani Buildcon), and expanded borrowing/investment authority beyond Section 186 limits. Voting was conducted through remote e-voting and e-voting during the AGM, with consolidated results to be announced after the Scrutinizer's Report is received.
This is a routine AGM compliance filing; no major surprises for shareholders, though the multiple material related party transactions with promoters and promoter-linked entities could draw governance scrutiny. Investors should watch the forthcoming voting results for signals on shareholder approval levels, especially on the RPT resolutions.