Charms Industries Limited passed all five resolutions proposed for its 34th Annual General Meeting (AGM) held on September 30, 2026. The meeting, conducted at the registered office in Ahmedabad, saw shareholders approve the adoption of audited financial statements and significant changes to the company's constitutional documents.

The resolutions were passed with the requisite majority as confirmed by the scrutinizer, Nisarg Sharma of M/s Nisarg Sharma & Associates. Voting was conducted through remote e-voting via CDSL and poll papers at the meeting. The notice for the AGM was dated September 2, 2026.

Resolution outcomes

The company disclosed detailed voting results under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Three ordinary resolutions and two special resolutions were put to vote. The special resolutions involved altering the object clause, adopting a new Memorandum of Association (MoA), and adopting a new set of Articles of Association (AoA).

Shareholder participation details

A total of 3,377 shareholders were on record as of the cut-off date, September 23, 2026. Participation in the physical meeting was limited, with only two promoter group members and 28 public shareholders attending in person or through proxy. No shareholders attended via video conferencing.

The voting data indicates a distinct pattern in dissent. While the adoption of financial statements and the appointment of the secretarial auditor received near-unanimous support (only 30 votes against), the re-appointment of director Parth Shivkumar Chauhan and the special resolutions regarding the MoA and AoA faced higher opposition. In these cases, 43,639 votes were cast against, representing approximately 2.73% of the total valid votes polled.

What the numbers show

The voting records reveal a clear divergence between routine administrative approvals and structural governance changes. The identical vote counts for the director re-appointment and the two special resolutions (15,52,188 in favour; 43,639 against) suggest that the same block of public shareholders opposed both the individual leadership continuity and the broader constitutional amendments. This contrasts sharply with the financial statement adoption, which drew minimal dissent (30 votes), indicating that shareholder dissatisfaction, if any, is targeted specifically at governance structure and personnel rather than the reported financial performance for FY26.

Charms Industries Limited has scheduled its 34th Annual General Meeting for September 30, 2026, seeking shareholder approval to significantly expand its business scope into iron and steel, pharmaceuticals, and hospitality.

The company filed its Annual Report for FY26 with BSE on September 7, 2026, confirming the agenda. The Board of Directors, in a meeting held on September 2, 2026, recommended alterations to the Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013. Compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 was confirmed via newspaper publication on September 8, 2026.

Strategic Scope Expansion

The proposed amendments aim to modernize the company’s constitutional documents. Key changes include:

• Removal of the erstwhile money changer business from principal objects.
• Inclusion of new objects relating to iron and steel, sponge iron/direct reduced iron (DRI), pharmaceuticals, healthcare, hotels, restaurants, hospitality, real estate, construction, infrastructure development, trading, and distribution.
• Retention of existing information technology, software, hardware, and allied objects.

These alterations require approval via a special resolution at the ensuing AGM. The new MOA also reflects the capital structure consequent upon the Scheme for Reduction of Share Capital sanctioned by the National Company Law Tribunal, Ahmedabad Bench.

Corporate Governance Updates

The Board recommended the appointment of M/s Nisarg Sharma & Associates as the Secretarial Auditor for five consecutive financial years, from FY27 to FY31. The proposed remuneration is capped at ₹2,00,000 per financial year, plus applicable taxes and out-of-pocket expenses.

Additionally, Mr. Parth Shivkumar Chauhan retires by rotation and offers himself for re-appointment as a Director. He has attended all seven Board meetings in FY26.

Meeting Logistics

The 34th AGM will be held at the company’s registered office in Ahmedabad on September 30, 2026, at 1:30 pm. The cut-off date for determining voting eligibility is September 23, 2026.

Remote e-voting facility will be available from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. M/s Nisarg Sharma & Associates has been appointed as the scrutinizer for the voting process. The Notice of AGM and Integrated Annual Report were dispatched via email on September 7, 2026.