Standard Industries Limited has submitted the Exchange a copy Voting Results along with Combined Scrutinizers report of 128th Annual General Meeting of the Company held on July 29, 2025
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Standard Industries Limited held its 128th Annual General Meeting on July 29, 2025 via video conferencing, with 49,746 shareholders on record. Five resolutions were put to vote, and all were passed, including adoption of the FY25 audited financial statements (standalone and consolidated), re-appointment of Shri Pradeep R. Mafatlal as a rotating director, approval of a related party transaction with Shanudeep Private Limited, re-appointment of Shri D.H. Parekh as Executive Director for two years, and appointment of M/s. S.K. Dwivedi & Associates as secretarial auditor for five years from April 2025. Four resolutions passed with over 99.95% approval, but the related party transaction drew meaningful dissent — about 33.5% of the small pool of voting public shares (16,221 of 48,441) voted against, as the promoter group (holding roughly 1.3 crore shares) abstained from voting on this item. Kaushik M. Jhaveri of M/s. Kaushik M. Jhaveri & Co. acted as scrutinizer, and KFin Technologies provided the e-voting platform.
All agenda items are now formally approved, keeping the board and management structure intact, but the one-third dissent on the related party transaction signals minority shareholder discomfort and may draw governance attention to related-party dealings going forward.