Announced Wed, 27 Aug · 11:23 IST

Sukhjit Starch & Chemicals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 26, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.

Board & Shareholder Meetings View source PDF

SUKHJITS · price

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AI summary

The company held its 81st Annual General Meeting on August 26, 2025, at Hotel Imperial Poonam, Phagwara, from 10:00 AM to 11:20 AM, with 38 shareholders present in person. All five resolutions were passed with overwhelming shareholder approval, receiving 15,634,030 assenting votes (99.999%) against just 72 dissenting votes. Key items approved included: (1) adoption of FY25 audited financial statements, (2) declaration of a 20% dividend (Re. 1 per share on Rs. 5 face value) for FY ending March 31, 2025, (3) re-appointment of Smt. Shalini Umesh Chablani as Non-Executive Director, (4) appointment of M/s Dinesh Gupta & Co. as Secretarial Auditors for 5 years from FY 2025-26, and (5) ratification of Cost Auditors' remuneration for FY 2025-26. The Scrutinizer's combined report on e-voting (via NSDL) and ballot voting was submitted on August 27, 2025.

Likely market impact

The near-unanimous approval (99.999%) on all resolutions, including the 20% dividend, indicates strong shareholder confidence in management. The Rs. 1 dividend per share continues the company's track record of steady returns, while the 5-year secretarial auditor appointment provides continuity in compliance oversight.