Voting Result of the 16the Annual General Meeting held on September 26, 2025
Awaiting price reaction for this filing.
Shri Krishna Prasadam Limited (BSE Scrip: 537954) held its 16th AGM on September 26, 2025, from 11:00 AM to 11:30 AM, where all 3 ordinary resolutions were passed. The resolutions covered: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) appointment of Statutory Auditors for a 1-year term (in which promoter group was interested), and (3) appointment of Secretarial Auditor with remuneration approval. All resolutions passed with 98.53% votes in favour (2,420 votes) and 1.47% against (36 votes) out of 2,456 valid votes polled. The filing was a resubmission after the company noted an inadvertent omission of voting results in its earlier September 26 submission (Scrutinizer's Report had been attached). The company recorded 4,787 shareholders as of the September 19, 2025 record date, but only about 0.024% of outstanding shares (1.01 crore shares) participated in voting, indicating extremely low turnout. A noteworthy point: Newage Intermediaries LLP acquired 204 shares through an Exit Offer pursuant to a Resolution Plan, suggesting the company had previously undergone an insolvency resolution process.
Routine AGM disclosure with no material impact on shareholders or stock price. The extremely low voter turnout (0.024%) is a procedural red flag but did not affect the outcome. The mention of a prior Resolution Plan/Exit Offer indicates the company emerged from insolvency proceedings and is in recovery/recapitalization mode, which long-term investors should note for background context.