Submission of e-voting results and scrutinizer report for the 51st Annual General Meeting of the Company.
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TANFAC Industries held its 51st AGM on September 25, 2025 via video conferencing. All 5 ordinary resolutions were passed with requisite majority. Key items approved include adoption of audited standalone financial statements for FY ending March 31, 2025, declaration of dividend for that financial year, re-appointment of Mr. Afzal Harunbhai Malkani as Director (by rotation), ratification of cost auditor Mr. N. Krishna Kumar's remuneration for FY 2025-26, and appointment of Ms. Kalyani Srinivasan as Secretarial Auditor for a 5-year term. Voting was conducted via remote e-voting through CDSL. Out of 19,840 shareholders, 83 participated, with about 51.94% of total shares (5,181,158 out of 9,975,000) being polled. All resolutions received near-unanimous approval (99.95%+ in favour), with only the cost auditor remuneration resolution seeing slightly higher dissent (56 votes against, 2.71%).
Routine AGM outcome — all resolutions passed comfortably confirms dividend distribution for FY25 and continuity of board/auditor appointments. Low shareholder participation (only 0.4% of shareholders voted) is typical for closely-held companies. No material governance red flags; the modest dissent on the cost auditor remuneration resolution is insignificant.