Garbi Finvest AGM resolutions pass with 99.99% shareholder support
- Garbi Finvest Ltd held its 44th AGM on September 29, 2026, approving FY26 financials.
- Managing Director Kripa Shankar Mahawar was re-appointed with 99.99% shareholder support.
- Only 26 votes were cast against both resolutions, indicating minimal dissent.
- Remote e-voting was conducted via CDSL from September 26 to September 28, 2026.
*this image is generated using AI for illustrative purposes only.
Garbi Finvest Limited shareholders overwhelmingly approved the adoption of FY26 financial statements and the re-appointment of Managing Director Kripa Shankar Mahawar during its 44th Annual General Meeting held on September 29, 2026.
The meeting took place at the company's registered office in Mumbai. Shareholders voted to adopt the Board of Directors' report and the statutory auditor's report alongside the financials. The resolutions were passed with the requisite majority, as confirmed by the scrutinizer's report dated September 30, 2026.
Voting results for key resolutions
The company facilitated remote e-voting for members from September 26, 2026, to September 28, 2026. The physical meeting commenced at 10:00 am and concluded at 12:30 pm. Mr. Vivek Gupta, Practicing Chartered Accountant, served as the Scrutinizer to ensure a fair and transparent process.
Both ordinary resolutions passed with identical voting patterns, reflecting strong shareholder consensus. The details of the votes cast are outlined below:
| Resolution | Voted In Favour | Voted Against | Invalid Votes | Result |
|---|---|---|---|---|
| Adoption of FY26 Financial Statements | 34,91,284 (99.99%) | 26 (0.01%) | NIL | Passed by Majority |
| Re-appointment of Kripa Shankar Mahawar | 34,91,284 (99.99%) | 26 (0.01%) | NIL | Passed by Majority |
Note: Percentages are calculated on the basis of valid votes cast.
Compliance and procedural details
All resolutions were deemed passed on the date of the AGM, September 29, 2026, in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting facility was provided through Central Depository Services Ltd. (CDSL).
Shareholders holding shares as on the cut-off date of September 22, 2026, were entitled to vote. The consolidated results, based on the report generated from the CDSL system, indicate that 81 members voted in favour of both resolutions, while 6 members voted against each resolution with a negligible number of votes.
Voting results in the prescribed format have been submitted to BSE Limited and CSE Limited within the prescribed time limit.
Historical Stock Returns for Garbi Finvest
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.26% | -1.82% | -6.16% | -28.46% | -34.28% | -63.40% |
How will the re-appointment of Kripa Shankar Mahawar influence Garbi Finvest's strategic direction and portfolio expansion in FY27?
What specific growth metrics or dividend policies are expected to be outlined in the upcoming board report following this unanimous shareholder approval?
Given the minimal dissent, how might this strong governance signal impact Garbi Finvest's credit rating or ability to secure lower-cost debt financing?
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