Amrapali Industries Ltd shareholders unanimously approved all three resolutions proposed at the 38th Annual General Meeting (AGM) held on September 30, 2026. The company filed the consolidated voting results with BSE on October 3, 2026, confirming full acceptance of the audited financial statements and key management appointments.

The meeting addressed the adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Shareholders also voted to re-appoint Ms. Bhumbiben Atitbhai Patel as a director retiring by rotation and approved the special resolution for the re-appointment of Mr. Yashwant Amratlal Thakkar as Managing Director.

Voting was conducted through remote e-voting and poll mechanisms. The remote e-voting window opened on September 27, 2026, and closed on September 29, 2026. The cut-off date for determining eligible shareholders was September 23, 2026. No votes were cast against any of the resolutions, resulting in a 100% approval rate across all items of business.

Voting participation and shareholding structure

A total of 48 members participated in the voting process via remote e-voting. The total number of valid votes cast across all resolutions stood at 4,05,49,550. Promoters and promoter group members held the majority of the voting power, casting 37,749,932 votes. Public shareholders contributed the remaining votes, with institutions casting 149,992 votes and non-institutional public shareholders casting 2,649,626 votes.

What the numbers show

The data reveals a high concentration of voting power within the promoter group. Promoters and promoter group members accounted for approximately 93.1% of the total votes cast (37,749,932 out of 4,05,49,550). This dominance ensures that resolutions aligned with management interests face minimal risk of opposition from the public float. The complete absence of dissenting votes across both ordinary and special resolutions indicates strong alignment between the board's proposals and the shareholder base, particularly given the low number of participating public shareholders relative to the total record date count of 9,113.

Amrapali Industries has reappointed Yashwant Amratlal Thakkar as Chairman and Managing Director for a three-year term effective from October 1, 2026. The Board of Directors approved the appointment during its meeting held on September 3, 2026.

The board also considered and approved the Board’s Report along with its annexures for the financial year ending March 31, 2026. Additionally, the directors approved the notice convening the company’s 38th Annual General Meeting.

Appointment Details

The reappointment follows standard corporate governance procedures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Thakkar brings over 32 years of experience in the bullion business and mining sectors to the role.

Regulatory Disclosures

The filing disclosed that Mr. Rashmikant Amratlal Thakkar is a sibling of the appointee director. Mr. Yashwant Amratlal Thakkar is not debarred from holding the office of Director by any order passed by the Securities and Exchange Board of India or any other statutory authority.

The notice for the 38th Annual General Meeting will be uploaded in due course.