38th AGM: All 13 Resolutions Passed Including Stock Split and JV

Board & Shareholder Meetings View source PDF Explain this filing

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AI summary

38th AGM held Aug 7, 2026 via video call. All 13 resolutions passed including stock split (1 share of Rs 10 into 5 of Rs 2), FY26 final dividend, Sandeep Merchant as MD and Vice Chairman, new directors, JV with Peace Mission Pvt Ltd, and related party deals. Only 70,923 shares (1.14 percent) voted; promoters (43 percent holding) abstained.

Likely market impact

Stock split may improve share liquidity. JV formation cleared. Very low turnout and promoter abstention may raise governance questions.