Pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015, we submit herewith details regarding the voting results of the business transacted at the 39th AGM of the members of the Company ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company's 39th AGM was held on September 29, 2025 via video conferencing (from 1:37 PM to 1:53 PM) with 37,206 shareholders on record. All 14 resolutions were passed, including adoption of FY25 audited financial statements, appointment/re-appointment of multiple directors, increase in remuneration for Managing Director Dinesh Poddar and Whole-Time Director Prabhat Poddar, appointment of two new Independent Directors (Rahul Gupta and Yash Rungta), material related party transactions, a loan under Section 185 of the Companies Act, and appointment of a Secretarial Auditor. Promoters (holding about 4.04 crore shares) voted in favour of all non-related-party resolutions; they abstained on related-party items (resolutions 3 and 14), where only public shareholders voted. All 12 resolutions where the full base voted received over 99.9% in favour, while the related-party and Section 185 loan resolutions passed with 99.83% and 99.74% in favour respectively (promoters excluded from voting).
Routine AGM clearance — all resolutions passed comfortably, including director re-appointments and a pay hike for the MD and WTD, with no material dissent. Shareholders saw the related-party and Section 185 loan items approved via the public vote alone, though opposition was minimal (under 0.27%). No negative surprise for the stock; the filings are largely procedural.