Ameenji Rubber passes all seven resolutions at 20th AGM
- All seven resolutions at the 20th AGM were passed with 100% support from voting shareholders
- Total votes polled for most resolutions amounted to 6,005,466, representing 53.24% of outstanding shares
- Re-appointment of Ms. Zahra Mufaddal Deesawala saw 5,658,666 shares abstain, with only 346,800 votes in favor
- Special resolutions approved revisions to borrowing powers and creation of securities/mortgages
*this image is generated using AI for illustrative purposes only.
Ameenji Rubber Limited approved all seven resolutions proposed at its 20th Annual General Meeting (AGM) held on September 30, 2026. The meeting was conducted via video conferencing and other audio-visual means.
The agenda included the adoption of audited standalone and consolidated financial statements for FY26. Shareholders also ratified the appointment of Ms. Zahra Mufaddal Deesawala as a director and approved revisions to the company's borrowing powers and investment limits under the Companies Act, 2013.
Voting participation and results
Voting was conducted through remote e-voting and e-voting during the AGM. The total outstanding shares stood at 11,280,000. Promoters and promoter group members held 7,637,732 shares, while public non-institutional investors held 3,642,268 shares. No institutional public shares were reported in the voting data.
For most resolutions, including financial statements and borrowing powers, a total of 6,005,466 votes were polled. This represented 53.24% of the total outstanding shares. All votes cast were in favor, with zero votes against. The scrutinizer confirmed that no votes were invalid.
Key resolutions passed
The following ordinary and special resolutions were passed with requisite majorities:
| Resolution | Type | Votes in Favor | Votes Against | Result |
|---|---|---|---|---|
| Adoption of standalone financial statements | Ordinary | 6,005,466 | 0 | Passed |
| Adoption of consolidated financial statements | Ordinary | 6,005,466 | 0 | Passed |
| Re-appointment of Ms. Zahra Mufaddal Deesawala | Ordinary | 346,800 | 0 | Passed |
| Ratification of cost auditor remuneration | Ordinary | 6,005,466 | 0 | Passed |
| Revision of overall borrowing powers | Special | 6,005,466 | 0 | Passed |
| Creation of securities/mortgage/charge | Special | 6,005,466 | 0 | Passed |
| Enhancement of investment/loan limits | Special | 6,005,466 | 0 | Passed |
Scrutinizer's observations
CS Abhinash Giri of Abhinash Giri & Co. served as the scrutinizer. The report noted that for the re-appointment of Ms. Zahra Mufaddal Deesawala, four members abstained from voting regarding 5,658,666 equity shares. These abstentions were not counted as votes cast in favor or against. Consequently, the voting tally for this specific resolution differed from others, with only 346,800 votes recorded in favor, all from public non-institutional shareholders.
The scrutinizer confirmed that the e-voting process was fair and transparent, complying with Section 108 of the Companies Act, 2013 and relevant SEBI regulations. The results were declared on October 1, 2026.
Historical Stock Returns for Ameenji Rubber
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.18% | +15.30% | +26.92% | 0.0% | +164.73% | +164.73% |
How will the revised borrowing powers and investment limits under the Companies Act, 2013 impact Ameenji Rubber Limited's capital expenditure plans for FY27?
What specific strategic rationale drove the unanimous shareholder approval for the creation of new securities, mortgages, or charges on company assets?
How might the significant abstention by major shareholders regarding Ms. Zahra Mufaddal Deesawala's re-appointment influence future board governance dynamics?
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