Outcome of the 32nd Annual General Meeting of the Company.
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VK Global Industries held its 32nd AGM on September 2, 2025, via remote e-voting and e-voting during the meeting. Four resolutions were put to shareholders: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Rohit Jain (DIN: 00442319) as Director via retirement by rotation, (3) appointment of Secretarial Auditor for 5 years from FY 2025-26 to FY 2029-30, and (4) approval of a Material Related Party Transaction. Resolutions 1, 2, and 3 were passed with the requisite majority, while Resolution 4 — the Material Related Party Transaction — was NOT approved by shareholders. The AGM ran from 4:01 PM to 4:44 PM IST. A detailed voting result report will be filed separately.
Shareholders rejected the Material Related Party Transaction (Resolution No. 4), which is a negative governance signal as management's proposed RPT failed to get shareholder backing. This could restrict the company's ability to execute the specific related-party deal and may dent management credibility, though the financial statements and auditor appointments sailed through smoothly.