All Time Plastics passes all resolutions at 26th annual general meeting
- All six ordinary resolutions passed at the 26th AGM held on September 24, 2026
- Institutional shareholders voted against 18.51% of votes on related-party remuneration hikes
- Walker Chandiok & Co LLP reappointed as statutory auditors for five years
- Financial statements for FY26 adopted without any qualifications
*this image is generated using AI for illustrative purposes only.
All Time Plastics Limited successfully concluded its 26th Annual General Meeting (AGM) on September 24, 2026, with all six proposed resolutions passing with the requisite majority. The meeting was conducted via Video Conferencing and Other Audio-Visual Means in compliance with regulatory guidelines.
The agenda included the adoption of audited standalone and consolidated financial statements for FY26, alongside the reappointment of Mr. Nilesh Punamchand Shah as a director retiring by rotation. Shareholders also approved the reappointment of M/s Walker Chandiok & Co LLP as statutory auditors for a five-year term ending at the conclusion of the 31st AGM.
Key Voting Outcomes
The voting results indicated strong shareholder support for core governance and operational matters. However, related-party remuneration approvals saw notable dissent from institutional investors.
| Resolution | Description | Votes For (%) | Votes Against (%) | Result |
|---|---|---|---|---|
| 1 | Adoption of FY26 Financial Statements | 99.9998 | 0.0002 | Passed |
| 2 | Reappointment of Nilesh Punamchand Shah | 99.9992 | 0.0008 | Passed |
| 3 | Reappointment of Statutory Auditors | 99.9995 | 0.0005 | Passed |
| 4 | Remuneration for Akshay Shah | 86.3641 | 13.6359 | Passed |
| 5 | Remuneration for Dhvanit Shah | 86.3641 | 13.6359 | Passed |
| 6 | Fees for document delivery mode | 99.9990 | 0.0010 | Passed |
Related Party Remuneration Details
Resolutions 4 and 5 pertained to increasing the remuneration for Mr. Akshay Shah (Head - Supply Chain) and Mr. Dhvanit Shah (Strategic Business Head), both relatives of directors. The proposal sought to increase their annual remuneration from ₹60 lakh to an amount not exceeding ₹1 crore each. While these resolutions passed, they received the highest opposition among all items on the agenda.
What the Numbers Show
A divergence is visible between promoter and institutional voting patterns on related-party transactions. For Resolutions 4 and 5, institutional shareholders cast 18.51% of their votes against the remuneration hikes, totaling 1,314,536 votes against. In contrast, non-institutional public shareholders showed near-unanimous support with only 0.02% opposition. Promoter group votes were largely excluded from these specific tallies due to interest disclosures, leaving institutional sentiment as the primary driver of the dissenting block.
Historical Stock Returns for All Time Plastics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.11% | -2.61% | -0.98% | -0.82% | -28.61% | -29.04% |
How might the 13.6% institutional dissent on related-party remuneration influence All Time Plastics' future corporate governance reforms or board composition?
What impact could the significant increase in executive pay for family members have on the company's operating margins and profitability in upcoming quarters?
Will the divergence between promoter and institutional voting patterns trigger increased scrutiny from regulatory bodies regarding related-party transaction disclosures?
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