Galaxy Supermarket AGM passes all 3 resolutions with strong majority
- All three resolutions at Galaxy Supermarket's 44th AGM held on September 28, 2026 passed with requisite majority
- Resolution 1 (adoption of FY26 financials) and Resolution 2 (re-appointment of Sunil Gopikishan Biyani) each received 99.98% votes in favour out of 20070299 total votes polled
- Resolution 3 (material related party transactions with Aadhar Retailing Limited) received 99.93% approval; promoters abstained as interested parties
- Total shareholders on record date (September 21, 2026) stood at 4,458; 46 public shareholders attended via video conferencing
- Auditors' report for FY26 was unqualified but included a Material Uncertainty Related to Going Concern statement
*this image is generated using AI for illustrative purposes only.
Galaxy Supermarket Limited passed all three resolutions at its 44th Annual General Meeting held on September 28, 2026, with the scrutinizer's report confirming requisite majority across every item.
The AGM was conducted through Video Conferencing/Other Audio Visual Means starting at 4:30 pm. Sunil Biyani, Non-Executive Director, chaired the meeting. A total of 46 public shareholders attended via video conferencing, satisfying the requisite quorum. The statutory auditors' report for the financial year ended March 31, 2026, was unqualified but included a statement on Material Uncertainty Related to Going Concern, along with Emphasis of Matter paragraphs read out alongside management's explanation. The secretarial audit report remained unqualified.
Key resolutions passed
Shareholders approved three ordinary resolutions. The following table summarises the resolutions and their voting outcomes:
| Resolution | Description | Votes in favour (%) | Votes against (%) |
|---|---|---|---|
| Resolution 1 | Adoption of audited financial statements for FY26 | 99.98 | 0.02 |
| Resolution 2 | Re-appointment of Sunil Gopikishan Biyani (DIN: 00006583) as director | 99.98 | 0.02 |
| Resolution 3 | Approval for material related party transactions with Aadhar Retailing Limited | 99.93 | 0.07 |
Detailed voting results
The scrutinizer's consolidated report, submitted by Amit Samani of M/s Amit Samani & Co., provides a category-wise breakdown of votes cast. The record date for voting eligibility was September 21, 2026, with a total of 4,458 shareholders on record. Remote e-voting was available from September 24 to September 27, 2026, and on-meeting e-voting concluded at 5:39 pm on September 28, 2026.
Resolution 1 and Resolution 2: Adoption of financials and director re-appointment
Both Resolution 1 and Resolution 2 recorded identical voting patterns across all shareholder categories:
| Category | Shares held | Votes polled | % of outstanding shares | Votes in favour | Votes against |
|---|---|---|---|---|---|
| Promoter and Promoter Group | 22567729 | 14197910 | 62.91 | 14197910 | 0 |
| Public - Institutions | 0 | 0 | 0 | 0 | 0 |
| Public - Non Institutions | 27209945 | 5872389 | 21.58 | 5868384 | 4005 |
| Total | 49777674 | 20070299 | 40.32 | 20066294 | 4005 |
Promoters voted 100% in favour on both resolutions. Public non-institutional shareholders cast 99.93% of their votes in favour, with 4,005 votes against.
Resolution 3: Related party transactions with Aadhar Retailing Limited
For the related party transaction resolution, promoters were noted as interested in the agenda and did not cast votes. The entire vote was driven by public non-institutional shareholders:
| Category | Shares held | Votes polled | % of outstanding shares | Votes in favour | Votes against |
|---|---|---|---|---|---|
| Promoter and Promoter Group | 22567729 | 0 | 0 | 0 | 0 |
| Public - Institutions | 0 | 0 | 0 | 0 | 0 |
| Public - Non Institutions | 27209945 | 5872389 | 21.58 | 5868284 | 4105 |
| Total | 49777674 | 5872389 | 11.80 | 5868284 | 4105 |
Meeting proceedings
Yogesh Kansal & Company served as Statutory Auditors, while Nidhi Bajaj & Associates acted as Secretarial Auditor. The scrutinizer's report was submitted pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All resolutions were deemed passed on September 28, 2026, the date of the AGM. The meeting concluded at 5:35 pm.
Historical Stock Returns for Galaxy Supermarket
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.99% | +4.55% | +7.93% | +16.69% | 0.0% | -12.85% |
What specific remedial actions has management outlined to address the 'Material Uncertainty Related to Going Concern' flagged in the FY26 audited financial statements?
How will the approved material related party transactions with Aadhar Retailing Limited impact Galaxy Supermarket's cash flow and operational independence in the upcoming fiscal year?
Given the zero institutional investor participation in the voting, what strategy is the company employing to attract long-term institutional capital to stabilize its shareholder base?
20
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
