Voting Results and Scrutinizers'' Report of 78th AGM
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Tulsyan NEC Limited held its 78th AGM on September 17, 2025 via video conferencing. All 10 resolutions were passed with overwhelming majority. Out of 16,461,407 total shares, 10,535,777 votes were polled. Resolutions 1-4 (ordinary) covered adoption of FY25 financial statements, re-appointment of Mr. Sanjay Agarwalla as Director, appointment of Secretarial Auditors, and ratification of Cost Auditors' remuneration, each passing with 99.9998% in favor. Resolutions 5-8 (special) included re-appointment of an Independent Director for a second 5-year term and approval of remuneration to three executive directors (Mr. Lalit Kumar Tulsyan, Mr. Sanjay Tulsyan, Mr. Sanjay Agarwalla) in case of inadequate profits, each passing with 99.9998% support. Resolutions 9 and 10 approved related party transactions with Tulsyan Smelters Pvt Ltd and Chitrakoot Steel and Power Pvt Ltd respectively, passing with 99.9813% in favor as promoters (holding ~64% stake with 10,423,347 shares) abstained from voting on these related-party items.
All key management and governance resolutions sailed through smoothly, confirming strong shareholder confidence and promoter alignment. Shareholders should note that executive director remuneration has been pre-approved for years with inadequate profits, which signals profit variability concerns. The related-party transactions with group companies were approved solely by non-promoter shareholders, a point minority investors may want to monitor.