Submission of Voting results and scrutinizer''s Report on 40th Annual General Meeting of Company held on 26th September 2025.
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Sharp India Ltd held its 40th AGM on 26 September 2025 via video conferencing, where 48 shareholders attended (1 promoter group and 47 public). Out of 11,666 total shareholders, about 1.94 crore shares (75.04% of outstanding) were polled through e-voting. All seven resolutions were passed with overwhelming support, including adoption of FY25 audited financial statements, re-appointment of Mr. Naoki Hatayama as director, re-appointment of Mr. Abhijeet Bhagwat as independent director, approval of material related party transactions, approval of remuneration for the CFO and Company Secretary, and appointment of SVD & Associates as secretarial auditor. The promoter group (holding 1.94 crore shares) abstained from voting on resolutions 4, 5, and 6 since they were classified as related party/interested in those matters. Public non-institutional shareholders voted nearly unanimously in favour (over 99.88%) across all resolutions.
All AGM resolutions were passed with near-unanimous approval, indicating strong shareholder consensus and no governance concerns. The related party transactions and executive remuneration were approved despite promoter abstention, with public shareholders backing them overwhelmingly, suggesting no material shareholder dissent on the agenda.