This is to inform your esteemed organization that the Members of the Company transacted the business as stated in the Notice of the 31st Annual General Meeting (AGM) dated 4th September ....
Awaiting price reaction for this filing.
Golden Carpets Ltd held its 31st AGM on 29th September 2025 at Hotel Marriott, Hyderabad, and all 7 resolutions were passed with the requisite majority. The resolutions included adoption of audited financial statements for FY ended 31st March 2025 (99.74% in favour), re-appointment of Mrs. Meena Bhushan Kerur as a director retiring by rotation (99.74%), and re-appointment of Mr. Srikrishna Naik as Managing Director (99.74%). Mr. Maqsood Ahmed was re-appointed as Independent Director (97.47%) and Mr. Rohan Bhushan Kerur was appointed as a new Non-Executive Director (99.74%). Shareholders also approved an increase in overall borrowing limits under Section 180(1)(C) of the Companies Act, 2013 (99.74%) and raising of a loan with an option to convert it into fully paid-up equity shares (97.47%). Out of 64,90,159 total shares, only 6,237 were polled, indicating very low voter turnout despite the promoter group holding a large stake (43,01,604 shares).
All resolutions sailed through comfortably with very strong shareholder support, reflecting no governance disruption at this small-cap company. Investors should note the approval for a convertible loan, which could lead to future equity dilution if the lender chooses to convert. Low voting participation by public shareholders means promoter-driven decisions effectively passed without much opposition.