Enclosed Scrutinizer''s Report for the 40th Annual general Meeting of the company.
SONAL · price
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Sonal Mercantile Ltd held its 40th AGM on September 30, 2025, conducted via video conferencing, with all six resolutions passed by an overwhelming 99.99% majority. The resolutions included adoption of the audited standalone and consolidated financial statements for FY ended March 31, 2025, re-appointment of Mr. Rayan Goyal (DIN: 02600825) as a director retiring by rotation, and approval of a material related party transaction. Also approved were the re-appointment of Mr. Pardeep Kumar and the appointment of Mr. Akash Bhardwaj as independent directors, along with the appointment of the secretarial auditor. Notably, the related party transaction resolution received 4.57 million valid votes (in favour) compared to 11.89 million on other resolutions, reflecting the standard practice of excluding related parties from voting on such items. Out of the total valid votes on each resolution, only 3 to 268 votes were cast against, showing near-unanimous shareholder support across all agenda items.
The near-unanimous approval of all six resolutions reflects strong shareholder confidence in the company's management and governance. The clean passage of the related party transaction and director appointments suggests smooth continuity in board composition and no governance concerns from shareholders.