Voting Results and Scrutinizer Report pertaining to 61st AGM
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Sri Lakshmi Saraswathi Textiles (Arni) Limited held its 61st Annual General Meeting on August 11, 2025 via video conferencing. All 6 ordinary resolutions were passed with the requisite majority. Shareholders cast 11,96,221 votes (73.26%) in favour and 4,36,613 votes (26.74%) against the resolutions, with 16,32,834 total valid votes representing 48.99% of outstanding shares. Key resolutions included adoption of FY25 audited financials, re-appointment of Sri Balakrishna S as Managing Director and Sri R. Padmanaban as Joint Managing Director for 3 years from April 1, 2025, and appointment of M/s. S. Viswanathan LLP as Statutory Auditors for a 5-year term. A.K. Jain & Associates served as the scrutinizer for the e-voting process.
All resolutions passed, ensuring continuity of management with the same promoters re-appointed for another 3-year term. Notably, 27% of votes against each resolution came from within the promoter group itself (8.84 lakh votes), while public non-institutional shareholders were overwhelmingly in favour (99.94%); this intra-promoter dissent is worth monitoring as a governance signal.