Simmonds Marshall Limited has submitted the Proceeding/Outcome of the Annual General Meeting held on September 23, 2025.
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Simmonds Marshall Limited held its 65th AGM on September 23, 2025 via video conferencing, attended by 23 members, and concluded in just 15 minutes (11:00 AM to 11:15 AM). Seven business items were transacted, including adoption of audited standalone and consolidated financial statements for FY2024-25, and re-appointment of Mr. Imran M. Panju (Director retiring by rotation). Key special resolutions included an increase in remuneration for Chairman & Managing Director Mr. Navroze S. Marshall for FY2025-26, his re-appointment as CMD for a further 3-year term, and the re-appointment of Mr. Imran M. Panju as Whole-Time Director for 3 years with remuneration approval. Other items included approval of remuneration for Cost Auditors (Joshi Apte & Associates) and appointment of GMJ & Associates as Secretarial Auditors for a 5-year term (April 2025 to March 2030). Remote e-voting was conducted via CDSL from September 20-22, 2025, and voting results will be filed with BSE within two working days.
Shareholders should await the voting results within 48 hours to confirm approval of the special resolutions, particularly the increase in MD remuneration and the 3-year re-appointments of the top leadership, which are key governance items. The auditor's report contained no qualifications, which is a positive signal for the company's FY2024-25 financial standing.