42nd AGM results: all 3 resolutions passed by shareholders

Board & Shareholder Meetings View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+3.3% vs market

Other Textile Products peers, median of 190sector-0.9%+2.9% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 2.9 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 190Pending

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AI summary

Arka Defence & Locomotives (formerly Source Industries) held its 42nd AGM on 30 Sept 2026 via video conference. 55 members attended. All 3 resolutions passed with requisite majority: (1) adoption of FY26 audited financials, (2) re-appointment of CMD Sudhir Reddy Posireddy (retiring by rotation), and (3) appointment of M/s Suresh Surana & Associates LLP as new statutory auditor to fill a casual vacancy. Total votes polled were 67.95 lakh (59.59% of outstanding 1.14 crore shares). Resolutions 2 and 3 saw 7 votes against (negligible). Promoter group holds 72.08 lakh shares (63.22%).

Likely market impact

Routine AGM approvals completed. New statutory auditor appointed to fill a casual vacancy, indicating a change in audit firm worth monitoring.