Voting Results for 18th Annual General Meeting of the company.
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Sun Retail Ltd held its 18th AGM on September 24, 2025, at its registered office in Ahmedabad from 12:00 PM to 12:30 PM. Four ordinary resolutions were passed, covering adoption of FY2025 financial statements, reappointment of Mr. Rakesh Nareshchandra Kapdaia (who retires by rotation), and appointment of Statutory and Secretarial Auditors. Only 27 public shareholders attended in person out of 1,793 total shareholders on record date, and no shareholders joined via video conferencing. Promoter and promoter group did not participate in voting, with only 5,351,840 shares polled (about 3.45% of 15,51,68,000 outstanding shares). All four resolutions passed with 100% of votes polled in favour and zero votes against.
All resolutions passed unanimously among the small set of shareholders who voted, so there is no governance shock from this AGM. However, the extremely low turnout (about 3.45% of shares) and zero promoter participation signal weak shareholder engagement, which investors should note as a governance red flag.