Gajanan Securities discloses AGM voting results; all resolutions passed
- All four resolutions at the 32nd AGM passed with requisite majority
- Financial statements adopted with 26,87,234 votes in favour and only 6 against
- Managing Director Vinay Kumar Agarwal reappointed via special resolution
- Loans to directors approved under Section 185 of Companies Act, 2013
*this image is generated using AI for illustrative purposes only.
Gajanan Securities Services Limited disclosed the detailed voting results and Scrutinizer's Report for its 32nd Annual General Meeting (AGM) held on September 30, 2026. The company confirmed that all ordinary and special resolutions proposed in the notice were passed by the requisite majority of shareholders.
The meeting, convened at the company's registered office in Kolkata, saw the passage of all governance and operational items. The proceedings were conducted under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following remote e-voting from September 27 to September 29, 2026, and physical polling at the venue.
Key resolutions passed
Shareholders approved several critical governance and operational items during the session. The business transacted included the adoption of reports and specific directorial appointments. The voting data indicates strong support for management proposals, with minimal dissent recorded among public shareholders.
| Item | Resolution Type | Outcome | Votes in Favour | Votes Against |
|---|---|---|---|---|
| Financial Statements | Ordinary | Passed | 26,87,234 | 6 |
| Director Reappointment | Ordinary | Passed | 4,78,164 | 6 |
| MD Reappointment | Special | Passed | 4,78,164 | 6 |
| Director Loans | Special | Passed | 4,78,164 | 6 |
Governance and voting process
Mr. Vinay Kumar Agarwal served as the chairman of the meeting. The Company Secretary, Mrs. Riddhi Kanodia, facilitated the transaction of business after the chairman's speech. Voting was conducted via remote e-voting followed by physical polling for members present at the venue. The Scrutinizer, Mayank Daga, submitted his report on October 1, 2026, confirming the validity of the votes cast through both electronic and ballot modes.
The special resolution regarding the re-appointment of Mr. Vinay Kumar Agarwal as Managing Director included the approval of his remuneration. Additionally, shareholders authorized loans or advances to directors or entities in which directors are interested, in compliance with Section 185 of the Companies Act, 2013. Notably, for the financial statements adoption, promoters voted 100% in favour, while public shareholders recorded a negligible dissent of 6 votes against 4,78,164 votes in favour.
Next steps
The company stated that it will separately intimate the results of the e-voting and the Scrutinizer's Report to the stock exchanges. These details will also be made available on the NSDL website and the company's official website.
Historical Stock Returns for Gajanan Securities Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.40% | +2.45% | -8.13% | -0.06% | -20.63% | +419.00% |
How will the approved director loans under Section 185 impact Gajanan Securities' liquidity management and related-party transaction disclosures in upcoming quarters?
What strategic initiatives or expansion plans is Managing Director Vinay Kumar Agarwal expected to prioritize following his re-appointment and remuneration approval?
Will the negligible dissent from public shareholders influence the company's future investor relations strategy or governance reforms to enhance minority shareholder confidence?
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