Shriram Pistons & Rings Limited has informed the Exchange with Voting Results of Annual General Meeting held on August 01, 2025 under Regulation 44 of SEBI Listing Regulations
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Shriram Pistons & Rings Limited filed the voting results of its 61st AGM held on August 1, 2025 via video conferencing. Shareholders approved all 8 resolutions, including the adoption of FY25 audited financial statements, declaration of dividend, and appointment of Statutory and Secretarial Auditors. Mr. Klaus Semke and Ms. Meenakshi Dass were re-appointed as directors, and Mr. Akihiro Ozaki was appointed as a new Non-Executive Independent Director for the term June 12, 2025 to July 28, 2029. Overall voting turnout was about 79.7% of outstanding shares, with nearly all resolutions getting over 99% support, except the resolution on profit commission to Non-Executive Directors which passed with 89.7% support after about 10.3% dissenting votes (largely from institutional investors). Promoters abstained from voting on two resolutions where they were deemed interested (re-appointment of Ms. Dass and profit commission to non-executive directors).
Routine post-AGM disclosure with all resolutions comfortably passed, confirming dividend payout, board continuity, and auditor appointments. The relatively higher dissent (~10%) from institutional investors on profit commission to Non-Executive Directors is worth noting but unlikely to materially affect the stock.