Please find attached Voting Results for 38th AGM held today
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Tuni Textile Mills Ltd held its 38th AGM on June 25, 2025, via video conferencing, with remote e-voting conducted from June 22-24, 2025. Of the 48,357 shareholders on record, 5 from the promoter group and 65 from the public attended through VC. All 9 resolutions were approved with overwhelming majority, ranging from 99.94% to 99.99% in favor. Key resolutions included adoption of FY25 financial statements, re-appointment of Mrs. Urmila Devi Sureka, appointment of M/s Kriti Daga as Secretarial Auditor, expansion of borrowing limits, increase in authorised share capital with MOA amendments, insertion of new clauses in Articles of Association, and increase in remuneration for CMD Mr. Narendra Kumar Sureka and Executive Director Mr. Pradeep Kumar Sureka.
Shareholders have greenlit a potential increase in authorised share capital, expanded borrowing powers, and higher executive pay, which could lead to future dilution or higher debt. The near-unanimous approval signals smooth governance with no major shareholder dissent on these corporate actions.