Voting Result & Scrutinizers Report of the 18th Annual General Meeting of the Comapny
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Suryaamba Spinning Mills held its 18th AGM on September 20, 2025, via video conferencing, with 40 public shareholders attending. All 8 resolutions were passed with the requisite majority. Key highlights: (1) Audited financial statements for FY ended March 31, 2025 were adopted with 99.55% approval, (2) a final dividend of 10% (Re. 1 per equity share of Rs. 10 face value) was declared for FY25 with 99.50% approval, and (3) re-appointments of Smt. Seema Agrawal as Joint Managing Director and Shri Mayank Agarwal as Whole-time Director were approved. Total voting participation was strong at 81.14% of outstanding shares (2,379,113 of 2,931,944 shares). However, resolutions involving interested promoter directors (Resolutions 3, 7, and 8) saw 21,75,868 promoter shares treated as invalid, with 5.76% of valid public votes against the executive remuneration resolution.
Shareholders get a 10% dividend (Re. 1/share) for FY25, confirming steady returns. All governance resolutions passed smoothly, but the ~6% dissent on promoter director remuneration shows some minority shareholder concern. No major negative impact on the stock is expected as the results were broadly anticipated.