The Peria Karamalai Tea & Produce Company Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 20, 2025. Further, the company has informed the Exchange regarding voting results.
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The Peria Karamalai Tea & Produce Company held its 112th AGM on September 20, 2025, via video conferencing, and submitted the voting results and scrutinizer's report to the exchange. All 9 resolutions were passed with overwhelming majority (over 99.96% in favor). Key items included adoption of audited financials for FY25, declaration of a dividend, re-appointment of Mr. Lakshmi Niwas Bangur as director, appointment of the secretarial auditor for 5 years, and approval of remuneration for non-executive directors. Shareholders also approved material related party transactions with promoter group companies for loans, increase in borrowing limits under Section 180(1)(c), raising of limits under Section 180(1)(a), and enhanced investment/loan/guarantee powers under Section 186. The promoter group holds 1,998,001 shares (~64.5% of the 3,095,879 total shares), and their votes were invalidated only on the related party transaction resolution.
Routine procedural disclosure confirming shareholder approval of all agenda items, including a dividend and expanded borrowing/investment powers. The results are largely procedural and unlikely to materially move the stock price, though the expanded borrowing and investment limits give the company greater financial flexibility going forward.