The voting results in the format prescribed under Regulation 44 of the SEBI (LODR) Regulations, 2015, along with the consolidated Scrutinizer''s Report on voting through electronic means ....
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Varun Mercantile Limited held its 40th AGM on September 30, 2025, where all three resolutions were passed unanimously. Out of 1,992,000 total outstanding shares, 1,734,600 shares (87.08%) were polled through remote e-voting, with 100% votes cast in favour of every resolution. The resolutions included: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) appointment of Shri Ambalal T. Jain as Director (retiring by rotation), and (3) appointment of Ms. Jyothi A. Menon as Independent Director. There were zero votes against any resolution and no invalid votes. The company had 71 shareholders on record, with 15 public shareholders attending the meeting.
The unanimous approval of all resolutions means smooth continuation of business with no governance concerns from shareholders. The appointment of a new Independent Director (Ms. Jyothi A. Menon) strengthens the board's independence. The high voting participation (87%) and clean results are neutral-to-slightly-positive signals for minority shareholders.