Proceeding of the Annual General Meeting held on 26.09.2025 and Clarification for Delay in Submission of Corporate Announcement
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Vasundhara Rasayans Ltd held its 38th AGM on September 26, 2025, at 11:30 AM via video conferencing, chaired by Managing Director Rajesh Pokerna. Shareholders approved the audited financial statements for FY25, a final dividend, re-appointment of two retiring directors (Sanjay Kumar Jain and Sunil Kumar Jain), appointment of secretarial auditors, and related party transactions. Both the statutory and secretarial auditors' reports were unqualified with no adverse observations. Separately, the company filed a clarification admitting it missed the 12-hour SEBI deadline for disclosing AGM results, attributing the lapse to technical issues in its compliance management system and assuring stronger processes going forward.
The AGM covered routine items including a dividend declaration, which is positive for shareholders, but the acknowledged compliance delay may be a minor red flag on governance. Investors should await the voting results (to be declared within 2 working days) for confirmation on dividend quantum and related party transaction approval.