Proceedings of 38th Annual General Meeting of the Company.
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Sunita Tools Limited held its 38th Annual General Meeting on Saturday, July 26, 2025, via video conferencing, running from 12:30 PM to 12:43 PM. A total of 29 members and 5 directors attended the meeting, which was chaired by Mr. Sanjay Kumar Pandey, Chairperson and Whole-time Director. Five resolutions were put to vote: four ordinary resolutions covering the adoption of standalone and consolidated audited financial statements for FY ended March 31, 2025, re-appointment of Mr. Sanjay Kumar Pandey as Whole-time Director, and re-appointment of statutory auditors; and one special resolution seeking approval to raise capital through permissible methods. The Statutory Auditor's report carried no observations, while the Secretarial Auditor's report had some observations that the Company clarified were not adverse to its functioning. Remote e-voting was open from July 22 to July 25, 2025, with results to be announced within two working days.
The special resolution to raise capital through permissible methods is the most material item, as it gives the Board flexibility to issue fresh equity or other instruments, which could dilute existing shareholders depending on how it is eventually used. The other resolutions are routine, and the clean statutory audit report is a positive sign, though shareholders should watch the pending voting results to gauge the level of support on the capital-raising proposal.