Proceedings of the 33rd Annual General Meeting of the Company held on Tuesday, 30th September, 2025
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Sterling Greenwoods Limited held its 33rd AGM on September 30, 2025, at Hotel Madhuli, Ahmedabad, chaired by Whole-time Director Narender Saini with 23 members present. Ordinary business transacted included adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, reappointment of Narender Saini (retiring by rotation), and appointment of the statutory auditor. The Chairman disclosed two qualifications from the statutory auditor (audit trail feature not fully implemented in accounting software, and pending impairment assessment of resort assets) and two from the secretarial auditor (a Rs. 1.38 lakh unsecured loan to subsidiary Sterling Resorts Pvt. Ltd. without member approval under Section 185, and a one-day delay in filing the March 2025 quarter shareholding pattern). Management described all lapses as inadvertent and committed to future compliance. Voting was conducted via remote e-voting from September 27-29, 2025, and through ballot paper at the meeting, with results to be filed within two working days.
This is a routine AGM disclosure with no major strategic announcements, new fundraising, or dividend changes. The flagged compliance issues (small loan to subsidiary and minor SEBI filing delay) appear minor and are attributed to inadvertence, posing limited risk to shareholders but worth tracking.