Voting Results of the 35th Annual General Meeting held on August 21, 2025 along with Scrutinizer Report
Awaiting price reaction for this filing.
S R Industries Ltd held its 35th AGM on August 21, 2025. The company recently came out of the Corporate Insolvency Resolution Process (CIRP) and, under its NCLT-approved resolution plan, allotted 95% of shares (1,86,89,825 equity shares) to the promoter group and 5% (9,83,675 shares) to public shareholders. Because the new shares are still awaiting BSE listing approval, e-voting could not be offered and voting took place via ballot paper only. Five resolutions were passed: adoption of FY25 audited accounts, re-appointment of Mr. Manish Kumar Gupta as director, change of the company's name (with MoA/AoA amendments), appointment of the secretarial auditor, and acknowledgment of the issuance of 0.01% Compulsorily Convertible Debentures (CCDs). All four ordinary resolutions received 100% support with 1,80,99,620 votes in favour, while the CCD resolution passed as a special resolution with 75.10% in favour and 24.90% against. Only promoter group members were present at the meeting; no public shareholders attended.
Post-CIRP restructuring is largely complete but the BSE listing of newly allotted shares remains the key pending milestone — until then, the new ISIN stays inactive and shareholders cannot receive shares in demat. The name change signals a fresh corporate identity for the rehabilitated company. The 24.9% dissent on the CCD resolution suggests some public shareholder pushback on the instrument terms, though the resolution still passed.