Fortune International passes all resolutions at 44th AGM
- Fortune International held its 44th AGM on September 30, 2026, at Amarai Farms, Kapashera, New Delhi, with all four resolutions passed
- Shareholders adopted audited standalone and consolidated financial statements for the year ended March 31, 2026
- Mrs. Rekha Shrivastava was re-appointed as Director retiring by rotation; Nivedan Bharadwaj was re-appointed as Managing Director via special resolution
- M/s. Vishakha Harbola & Associates were appointed as Secretarial Auditors and also served as scrutinizer for the e-voting process
- Consolidated scrutinizer's report submitted to BSE on October 1, 2026, under Regulation 44(3) of SEBI (LODR) Regulations, 2015
*this image is generated using AI for illustrative purposes only.
Fortune International Ltd concluded its 44th Annual General Meeting on September 30, 2026, at Amarai Farms, Kapashera, New Delhi, with all four proposed resolutions receiving shareholder approval through remote e-voting and postal ballot.
The meeting commenced at 10:00 am with Mr. Nivedan Bharadwaj, Chairman and Managing Director, taking the chair. The Company Secretary confirmed the presence of quorum as per the Companies Act, 2013 and Regulation 44 of the Listing Agreement. Remote e-voting opened at 9:00 am on September 27, 2026, and remained open until 5:00 pm on September 29, 2026. The record date for the meeting was September 23, 2026, with 4,392 members on the register. M/s. Vishakha Harbola & Associates served as scrutinizer for the e-voting process, with the locked ballot box opened at around 10:45 am on September 30, 2026, in the presence of two witnesses who were not employees of the company.
Key resolutions approved
Shareholders adopted the audited standalone and consolidated financial statements for the year ended March 31, 2026. The board also approved the re-appointment of Mrs. Rekha Shrivastava (DIN: 00051261) as a Director retiring by rotation. Additionally, Nivedan Bharadwaj was re-appointed as Managing Director via special resolution, and M/s. Vishakha Harbola & Associates were appointed as Secretarial Auditors via special resolution.
Attendance and voting details
Physical attendance at the meeting was low relative to the total shareholder base, with 17 members present in person.
| Category | Promoter | Public | Total |
|---|---|---|---|
| In person | 3 | 14 | 17 |
| Through proxy | - | - | - |
| Total present | 3 | 14 | 17 |
Resolution-wise voting results
The scrutinizer's consolidated report details votes cast in favour and against each resolution. The following tables present the complete voting breakdown.
Resolution 1: Adoption of financial statements (ordinary resolution)
| Mode of voting | Members voted (for) | Votes cast (for) | Members voted (against) | Votes cast (against) |
|---|---|---|---|---|
| Remote e-voting | 47 | 26,643 | 23 | 385 |
| Voting by postal ballot | 17 | 47,91,981 | 0 | 0 |
| Total | 64 | 48,18,624 | 23 | 385 |
Resolution 2: Re-appointment of Mrs. Rekha Shrivastava (ordinary resolution)
| Mode of voting | Members voted (for) | Votes cast (for) | Members voted (against) | Votes cast (against) |
|---|---|---|---|---|
| Remote e-voting | 47 | 26,643 | 23 | 385 |
| Voting by postal ballot | 14 | 4,15,163 | 0 | 0 |
| Total | 61 | 4,41,806 | 23 | 385 |
Resolution 3: Re-appointment of Nivedan Bharadwaj as Managing Director (special resolution)
| Mode of voting | Members voted (for) | Votes cast (for) | Members voted (against) | Votes cast (against) |
|---|---|---|---|---|
| Remote e-voting | 47 | 26,643 | 23 | 385 |
| Voting by postal ballot | 14 | 4,15,163 | 0 | 0 |
| Total | 61 | 4,41,806 | 23 | 385 |
Resolution 4: Appointment of M/s. Vishakha Harbola & Associates as Secretarial Auditors (special resolution)
| Mode of voting | Members voted (for) | Votes cast (for) | Members voted (against) | Votes cast (against) |
|---|---|---|---|---|
| Remote e-voting | 47 | 26,643 | 23 | 385 |
| Voting by postal ballot | 17 | 47,91,981 | 0 | 0 |
| Total | 64 | 48,18,624 | 23 | 385 |
No invalid votes were recorded for any of the four resolutions.
Scrutiny and filing
The consolidated scrutinizer's report was submitted to the Bombay Stock Exchange on October 1, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting results were downloaded from the National Securities Depository Limited e-voting platform. The meeting adjourned at 11:00 am.
Historical Stock Returns for Fortune International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.94% | 0.0% | -7.54% | +23.10% | +23.47% | +79.43% |
How will the approved financial statements for FY2026 influence Fortune International's future capital allocation and dividend policy?
What strategic initiatives is Chairman Nivedan Bharadwaj expected to prioritize following his re-appointment as Managing Director?
How might the low physical attendance and reliance on e-voting impact future shareholder engagement strategies for the company?
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