Conart Engineers discloses e-voting results for 52nd AGM
- All resolutions at Conart Engineers' 52nd AGM passed with requisite majority
- Promoter group voted 100% in favour of adoption of FY26 financials
- Public non-institutional shareholders recorded 97.68% support for key resolutions
- Jimish Sura re-appointed as Director following retirement by rotation
*this image is generated using AI for illustrative purposes only.
Conart Engineers Limited has submitted the e-voting results and scrutinizer's report for its 52nd Annual General Meeting held on September 29, 2026. All resolutions proposed in the notice were duly approved and passed by shareholders with the requisite majority.
The meeting, conducted through video conferencing in compliance with regulatory circulars issued by the Ministry of Corporate Affairs and SEBI, was presided over by Jitendra Sura, Chairman and Managing Director. The company reported that 47 members attended the meeting out of 5,415 shareholders recorded as of September 22, 2026.
Key resolutions passed
Shareholders transacted two items of ordinary business during the meeting. The first resolution involved receiving, considering, and adopting the audited financial statements along with the reports of the Board of Directors and Auditors for FY26. The second resolution addressed the retirement by rotation of Jimish Sura, Executive Director and Chief Financial Officer, who offered himself for re-appointment. He was duly appointed in place of himself for a further term.
Voting results
The scrutinizer, Sanjay Dholakia of M/s. Sanjay Dholakia & Associates, confirmed that all resolutions were passed. The voting data reveals a strong consensus among shareholders, particularly driven by promoter group participation.
| Resolution | Votes in Favour | Votes Against | % In Favour |
|---|---|---|---|
| Adoption of FY26 Financial Statements | 27,82,566 | 100 | 99.99% |
| Re-appointment of Jimish Sura | 27,82,566 | 100 | 99.99% |
Promoters and promoter group voted 100% in favour of both resolutions, casting 27,78,352 votes. Public non-institutional shareholders cast 4,314 votes, with 4,214 in favour and 100 against, resulting in a 97.68% support rate from this category.
Board composition and attendance
The Board of Directors present included Jitendra Sura, Jimish Sura, Pooja Sura, Sunil Vakil, and Nirmal Parikh. Independent Director Jignesh Shah and Statutory Auditor Govind Prasad were absent from the proceedings. Gandhali Paluskar served as the Company Secretary and Compliance Officer.
| Director Name | Designation | Attendance |
|---|---|---|
| Jitendra Shankerlal Sura | Chairman & Managing Director | Present |
| Jimish Jitendra Sura | Executive Director & CFO | Present |
| Pooja Sura | Non-Executive Director | Present |
| Sunil Vakil | Independent Director | Present |
| Nirmal Parikh | Independent Director | Present |
| Jignesh Shah | Independent Director | Absent |
Voting and conclusion
Electronic voting facilities were provided via NSDL for members who had not cast votes remotely prior to the meeting. Voting remained open for 15 minutes after the conclusion of the formal agenda. The results have been disclosed to BSE Limited and published on the company’s website. The meeting concluded at 2:54 pm IST with a vote of thanks extended by Jimish Sura to stakeholders and employees.
Historical Stock Returns for Conart Engineers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.64% | +0.80% | -9.62% | +41.35% | -2.55% | +418.29% |
How will the continued leadership of Jimish Sura as CFO influence Conart Engineers' capital allocation strategy for upcoming infrastructure projects?
What specific growth targets or expansion plans were outlined in the adopted FY26 financial statements that investors should monitor in the next quarter?
Given the low public shareholder turnout, what measures is the company planning to implement to improve retail investor engagement and liquidity?
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