Submission of voting result and scrutinizer report of AGM for the financial year ended 31st March 2025.
Awaiting price reaction for this filing.
Sunshine Capital Ltd held its 31st Annual General Meeting on August 28, 2025, via video conferencing from 1:00 PM to 1:30 PM. Five resolutions were tabled and all passed with over 99.7% approval: (1) adoption of FY25 financial statements and directors' report, (2) re-appointment of Mr. Surendra Kumar Jain as Managing Director (retiring by rotation), (3) appointment of M/s VRSK & Associates as statutory auditor, (4) regularisation of Sanjay Tulsidas Bhanushali as Non-Executive Independent Director, and (5) appointment of secretarial auditor for FY26. Voting was conducted entirely through remote e-voting, with approximately 1.558 billion shares voted in favour versus about 4.5 million against each resolution. Only around 29.88% of the total outstanding 5.229 billion shares participated in voting, and just 39 public shareholders attended via video conferencing with no promoter group members present. The scrutinizer was CS Parul Agrawal (Membership No. 35968).
All routine AGM items were approved with overwhelming majority, meaning business continuity is unaffected and there are no governance surprises for shareholders. The very low promoter attendance and modest voting turnout (~30% of outstanding shares) suggest limited active engagement, but no negative implications for retail holders since every resolution comfortably passed.