Submission of Scrutinizer Report and Voting Results of 31st AGM held on September 29, 2025.
SHRIKRISH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shri Krishna Devcon Limited held its 31st Annual General Meeting on September 29, 2025, via video conferencing from 4:30 PM to 5:10 PM. A total of 9 resolutions were passed, including adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, and re-appointment of Mr. Naveen Kumar Jain (a promoter director) who retires by rotation. Five resolutions approved material related party transactions with promoter individuals (Sunil Kumar Jain, Naveen Kumar Jain, Mukesh Kumar Jain) and promoter-related entities (Rose Builtech, Avani Buildcon); the promoters abstained from voting on these. A special resolution was also passed to allow the company to make investments, give loans, and provide guarantees beyond the limits specified under Section 186 of the Companies Act, 2013. B.K. Pradhan & Associates was appointed as Secretarial Auditors for a 5-year term. All resolutions passed with near-unanimous approval (over 99.99% in favour), with dissent being negligible at just 44-47 shares.
For shareholders, this is a routine procedural filing with no negative signals — every resolution cleared comfortably. However, retail investors should note that 5 of 9 resolutions enable continued related-party transactions with promoter family members and their firms, and the special resolution broadens the company's borrowing/investment powers beyond statutory caps under Section 186, giving management more financial flexibility.