Voting Results together with the Scrutinizer''s Report on the business items transacted at the 32nd Annual General Meeting of the Company.
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VK Global Industries (formerly SPS International) held its 32nd AGM on 2nd September 2025, with 32 of the 2,360 eligible shareholders attending via video conferencing. Four resolutions were put to vote: three of them (adoption of FY25 audited financials, re-appointment of Mr. Rohit Jain as Director, and appointment of M/s. P.C. Jain & Co. as Secretarial Auditors for five years from FY26 to FY30) were passed with around 97.56% votes in favour on 26.67 lakh shares polled. The fourth resolution — approval of a Material Related Party Transaction — was rejected, as promoters (holding 24.28 lakh shares) abstained due to being interested parties and 91.92% of the public non-institutional votes polled (2.19 lakh shares) were cast against it, with only 8.08% in favour.
The clear rejection of the Material Related Party Transaction is a notable governance signal — public shareholders overwhelmingly voted against it, and the resolution failed to pass. This may delay or derail the proposed related-party deal and could raise governance concerns among investors. The smooth passage of the other three routine resolutions suggests broad shareholder support for the board and auditors.