Vishwaraj Sugar Industries Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 24, 2025
VISHWARAJ · price
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Vishwaraj Sugar Industries held its 30th AGM on September 24, 2025, where all 10 resolutions were passed with overwhelming support (over 99.5% in favour overall). Key items approved include the adoption of audited financial statements for FY25, re-appointment of Managing Director Nikhil Katti (retiring by rotation), ratification of cost auditors' remuneration for FY26, and appointment of Vinita D. Modak as Secretarial Auditor for five years (FY26–FY30). The company also appointed Mallikarjun Kadayya Pujar as Whole-Time Director (3 years from July 16, 2025), re-appointed Vishnukumar Kulkarni as Independent Director for a second 5-year term, and re-appointed Sneha Nithin Dev as Whole-Time Director for 3 years from October 15, 2025. Two special resolutions approved office-of-profit positions for promoter family members Lava Katti and Shruti Katti. Only around 27.9% of outstanding shares were polled, and public non-institutional shareholders showed notable dissent (37–38% against) on the cost auditor ratification and the related-party office-of-profit resolutions, though outcomes were unaffected.
All routine AGM items cleared comfortably, signalling stable governance with no disruptions. The notable minority opposition from public shareholders on related-party resolutions (office of profit for Katti family members) reflects some investor discomfort with promoter-related appointments, but low overall voting turnout meant these votes were not decisive.