Proceedings of 16th Annual General Meeting held on 19th September, 2025 at 11:00 AM through VC
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Awaiting price reaction for this filing.
Universal Autofoundry Ltd held its 16th AGM on Friday, September 19, 2025, from 11:00 AM to 12:06 PM via video conferencing, with 61 members present. Seven resolutions were transacted — 4 ordinary (adoption of FY25 audited financial statements, re-appointment of Gajendra Kumar Tyagi as Wholetime Director, appointment of secretarial auditor, ratification of cost auditor remuneration) and 3 special (related party transactions u/s 188, appointment of Vimal Chand Jain as Chairman & Managing Director, revision of overall maximum managerial remuneration). The Chairman highlighted the company's 'resilient performance in a challenging environment' during FY25. Both the Statutory Auditor's Report and Secretarial Auditor's Report were clean, with no qualifications or adverse remarks. Voting results (remote e-voting via NSDL plus e-voting at the AGM) are pending and will be shared with the stock exchanges and posted on the company's website.
Clean audit reports and continuity at the top with CMD Vimal Chand Jain's re-appointment are positive signals for shareholders. The 3 special resolutions — related party transactions, CMD appointment and managerial remuneration revision — each require a 75% majority to pass, so the upcoming voting results will be the key trigger for stock movement.