Voting Results and Scrutinizer Report
SURYALA · price
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Suryalata Spinning Mills held its 42nd Annual General Meeting on September 27, 2025, via video conferencing, where all 9 resolutions were passed with the requisite majority. Key items approved include the adoption of audited financial statements for FY ending March 31, 2025, a dividend of Rs. 2 per equity share (20%) for non-promoter shareholders, reappointment of Sri Vithaldas Agarwal as Managing Director, and revision of remuneration for three directors (Vithaldas Agarwal, Mahender Kumar Agarwal, and Madhavi Agarwal). Additionally, M/s. Prerna & Co was appointed as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), and the remuneration of the Cost Auditor was ratified. A total of 199 out of 5,918 shareholders participated in voting, with promoter-backed resolutions receiving about 99.48% approval and resolutions requiring only public shareholder votes receiving about 78% approval.
Non-promoter equity shareholders will receive a dividend of Rs. 2 per share for FY 2024-25. The smooth passage of all resolutions signals stable governance with no shareholder dissent on key management decisions, with no negative impact expected on the stock price.