Proceeding of 86th Annual General Meeting of the Company held on September 29, 2025
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ZR2 Bioenergy Ltd (formerly Gujchem Distillers India Limited) held its 86th AGM on September 29, 2025 via video conferencing, chaired by Chairman and Managing Director Mr. Jimmy Olsson. Nine resolutions were proposed, including adoption of audited financial statements for FY25, re-appointment of Director Mr. Nilesh Jain (retiring by rotation), and appointment of Secretarial Auditors for a five-year term. Special business items included re-classification of authorized share capital, shifting the registered office from Gujarat to Maharashtra, and approval of a new 'ZR2 Bioenergy Employees Stock Option Plan 2025' (ESOP) including for subsidiary and associate employees. The company also sought approval to grant loans, inter-corporate deposits, and guarantees beyond the Section 186 limits of the Companies Act. Voting was conducted via remote e-voting and at the meeting; results are to be filed separately with the Scrutinizer's Report.
Mostly routine AGM business, but the ESOP plan, registered office shift from Gujarat to Maharashtra, and expanded borrowing/investment powers under Section 186 are notable corporate actions that could affect shareholder dilution and future capital allocation decisions. Investors should await the voting results to see how each resolution was received.