We submit herewith the voting results of the Extra Ordinary General Meeting of the Company held on Monday, June 23, 2025 along with Scrutinizer''s report.
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Kore Foods Limited held an Extraordinary General Meeting (EGM) on June 23, 2025, where all 9 resolutions were passed with overwhelming majority. A total of 18,900,095 shares (100% of outstanding shares) participated in voting, with promoters (18,896,973 shares) voting 100% in favour of every resolution. The resolutions covered: appointment of three directors (Sachin R Rane, Sakshi Jalan, and Manzoor Ul Haque Butt), appointment of Mr. Butt as Managing Director, shifting of the registered office, expanded authority to create security on company property (Section 180(1)(a)), expanded borrowing powers beyond prescribed limits (Section 180(1)(c)), expanded authority to grant loans or invest funds (Section 186), and a change of the company's name with corresponding amendments to the MoA and AoA. Dissent was minimal, ranging from just 0.001% to 0.003% of total votes polled, and came entirely from public non-institutional shareholders. Mr. Aditya Agrawal of Agrawal Mundra & Associates served as Scrutinizer, overseeing both remote e-voting (June 20-22, 2025) and physical ballots at the meeting.
Shareholders have cleared a broad governance restructuring, giving the board wide latitude on borrowing, investments, and a name change — likely signalling upcoming strategic shifts or rebranding. The near-unanimous approval indicates strong promoter and institutional alignment, though retail dissent (though tiny) clustered around the borrowing and investment expansion resolutions.