Vikram Solar Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2025. Further, the company has informed the Exchange regarding voting results.
VIKRAMSOLR · price
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Vikram Solar held its 20th AGM on September 25, 2025 (12:00 PM to 12:52 PM) via video conferencing, with all 11 resolutions approved by shareholders. Routine items included adoption of FY25 audited financial statements, re-appointment of Whole-time Director Krishna Kumar Maskara, regularization of Sumit Binani as Independent Director, and ratification of cost auditors. Special business covered revisions in remuneration for Chairman & MD Gyanesh Chaudhary and two Whole-time Directors (Maskara and Neha Agrawal), plus shareholder approvals for increased borrowing limits under Section 180(1)(C), creation of security/charges on assets under Section 180(1)(A), and investments/loans/guarantees under Section 186. Total of 305,468 shareholders were on record, with 25.72 crore shares (71.1% of outstanding) polled.
While all resolutions technically passed, institutional investors voted against Resolution 5 (CMD remuneration revision) with 59.5% dissent and showed 62%+ opposition to the borrowing limit hikes and related-party investment powers — a notable governance signal that investors may push back on capital allocation and promoter remuneration going forward.