Submission of Scrutinizer Report from Umesh Ved and associates PCS Ahmedabad for 33 Annual General Meeting Held on 18.09.2025 at 3:00 pm and Conlcued at 3:22 pm.
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VMS Industries held its 33rd AGM on September 18, 2025 via video conferencing, where all 9 resolutions were passed with the required majority. Routine items including adoption of FY25 audited financial statements (99.99% in favor), re-appointment of Whole Time Director Sangeeta Jain (99.99%), and appointment of statutory and secretarial auditors (over 98%) sailed through easily. Two related party transactions — with Aditya Ultra Steel Ltd and VMS TMT Ltd — passed with narrower margins of about 67% in favor (32.9% against), as related parties holding roughly 93.25 lakh shares were excluded from voting. Two special resolutions, relating to Section 185 transaction limits (98.99%) and appointment of Independent Director Dhwani Nagar (98.98%), were also approved.
No negative surprises for shareholders — all key governance items are cleared and the company now has continuity of directors and auditors. Worth noting that the related party transactions drew significantly more dissent (~33%), which investors may want to monitor as a governance signal going forward.