Sequent Scientific Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 08, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
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Sequent Scientific Limited held its 40th Annual General Meeting on August 8, 2025, via video conferencing, lasting about 21 minutes. Out of 1,48,642 shareholders holding 25,03,34,995 shares, about 70.27% of shares were voted, with 50 public shareholders attending through video conferencing. All 9 resolutions were passed with requisite majority, including adoption of audited financial statements for FY25 (99.99% in favor), ratification of cost auditor remuneration (99.99% in favor), and appointment of BMP & Co. LLP as secretarial auditor for FY26-FY30 (99.77% in favor). Notable re-appointments passed include Managing Director & CEO Mr. Rajaram Narayanan (97.33%) and Independent Directors Dr. Kamal Sharma (99.98%) and Mr. Milind Sarwate (85.14%). Commission to Non-Executive Directors was also approved with 86.12% in favor.
All 9 resolutions at the AGM were approved, confirming continuity of management and governance arrangements. However, institutional investors showed significant dissent on the commission to Non-Executive Directors (58% against) and the re-appointment of Mr. Milind Sarwate as Independent Director (62% against), which may reflect concerns about board compensation and independence that retail investors should monitor.