BSEGrand Foundry LtdMediumNeutral
Announced Thu, 18 Sept · 16:44 IST

voting results

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Grand Foundry Ltd held its 33rd AGM on September 18, 2025 via video conferencing from 12:30 PM to 12:56 PM. All four resolutions were passed with overwhelming majority through remote e-voting. The resolutions included: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) re-appointment of Mrs. Shivani Jain as director retiring by rotation, (3) appointment of M/s L. Gupta & Associates as Secretarial Auditors, and (4) regularization of Mr. Ashish Kumar as Additional Director (Executive) and CEO. Only 31 members participated in voting, casting a total of 2,20,59,956 valid equity shares. Every resolution received roughly 99.97% votes in favour, with dissent ranging from 6,505 to 6,545 shares (about 0.03%). No votes were cast during the AGM itself; all voting happened through remote e-voting.

Likely market impact

All four routine AGM resolutions were passed comfortably, signalling smooth shareholder approval with no material opposition. The very high approval margins (99.97%) suggest no governance concerns for retail investors, though the low voter turnout (only 31 members among all shareholders) indicates limited retail participation in voting.