Announced Sat, 27 Sept · 13:19 IST

PFA herewith Outcome of the 71st AGM alongwith Voting Result and Scrutinizer''s Report.

Board & Shareholder Meetings View source PDF

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AI summary

Wardwizard Foods and Beverages held its 71st Annual General Meeting on September 25, 2025 via video conferencing (3:00 PM to 3:45 PM). All four resolutions were passed with the requisite majority through remote e-voting. The resolutions included: (1) adoption of audited standalone financial statements for FY25, passed with 100% votes in favour; (2) appointment of Mr. Yatin Sanjay Gupte as Director liable to retire by rotation, passed with 99.99% in favour; (3) re-appointment of Mrs. Sheetal Mandar Bhalerao as Managing Director and Chairperson via special resolution, passed with 99.9999% in favour; and (4) appointment of Mr. Kamal A Lalani as Secretarial Auditor for a 5-year term, passed with 100% in favour. Out of 25.71 crore total outstanding shares, promoters hold 13.71 crore (about 53.3%), and public non-institution participation was very low at only around 2.8% of their holdings.

Likely market impact

This is a routine AGM outcome with no negative surprises — all business items including the re-appointment of the Managing Director were approved comfortably. Shareholders can expect leadership continuity under Mrs. Sheetal Bhalerao as MD and Chairperson. The low public voting turnout (only ~2.8% of public non-institutional shares voted) is typical for small-cap companies and not a concern in itself.