Submission of Voting Results along with Scrutinizer Report of 32nd Annual General Meeting of the Company held on September 30, 2025.
Awaiting price reaction for this filing.
Aditya Forge Limited (BSE: 522150) held its 32nd AGM on September 30, 2025, which concluded in just 20 minutes (1:00 PM to 1:20 PM). All four resolutions were passed with 100% votes in favour and zero votes against, with no invalid votes recorded. The resolutions included: (1) adoption of audited financial statements for FY ending March 31, 2025, (2) re-appointment of Ms. Priyanka Sharma as a director retiring by rotation, (3) re-appointment of Mr. Nitin Rasiklal Parekh as Managing Director with remuneration, and (4) alteration of the main object clause of the company's memorandum of association. Out of 4,308,600 total outstanding shares, only 582,567 shares (13.52%) were voted, indicating very low shareholder participation. The company has 2,945 shareholders on record, with 5 promoters and 25 public shareholders attending in person. Scrutinizer CS Anand Lavingia of ALAP & Co. LLP certified the voting process as fair and transparent.
All resolutions passed unanimously, so there is no negative surprise for shareholders. However, the very low voting turnout (just 13.52%) and the brief 20-minute AGM suggest limited shareholder engagement, which is common for small-cap BSE-only companies. The alteration of the main object clause signals a potential shift in business direction, which investors should monitor closely. Re-appointment of the Managing Director with fixed remuneration provides leadership continuity.