Outcome of 34th AGM of the Company held on Wednesday, July 16, 2025
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Suditi Industries Ltd held its 34th AGM on July 16, 2025, conducted via video conferencing from 4:00 PM to 4:14 PM, with 62 members in attendance. Director Mr. Pawan Agarwal chaired the meeting, and the Statutory Auditors gave a clean report with no qualifications for FY2024-25. Five resolutions were tabled, including approval of the audited standalone and consolidated financial statements for FY ended March 31, 2025, re-appointment of Mr. Pawan Agarwal (retiring by rotation), appointment of Mr. Manish Harishchandra Singh as Independent Director for 5 years, appointment of the Secretarial Auditor, and a Special Resolution to issue 15,74,182 equity shares on a preferential basis to non-promoter category persons. Remote e-voting was open from July 13 to July 15, 2025, with results to be announced separately along with the scrutinizer's report.
The proposed preferential allotment of over 15.7 lakh shares to non-promoters could lead to equity dilution for existing shareholders if approved. A clean audit report and addition of a new Independent Director are positive governance signals, though the actual voting outcome is still awaited.