Gem Enviro Management 13th AGM: all 5 resolutions pass by majority
- All five resolutions at Gem Enviro Management's 13th AGM on September 28, 2026 were passed by requisite majority
- Total votes polled were 12,633,600 out of 22,550,400 shares, representing 56.02% participation
- Resolution 1 (adoption of FY26 financial statements) and Resolution 2 (final dividend declaration) each passed with 99.99% votes in favour
- Special resolutions to alter the MoA object clause and shift the registered office both passed with 99.98% approval
- Re-appointment of Dinesh Pareekh as director received 99.97% votes in favour, with 4,000 votes against from public non-institutional shareholders
*this image is generated using AI for illustrative purposes only.
Gem Enviro Management Limited held its 13th Annual General Meeting on September 28, 2026, via video conferencing, where shareholders passed all five resolutions by requisite majority, with total votes polled standing at 12,633,600 out of 22,550,400 shares, representing a 56.02% participation.
The meeting commenced at 12:30 pm and concluded at 1:02 pm. It was chaired by Anil Kumar Behl, Managing Director, following the absence of Chairman Dinesh Pareekh. Company Secretary Tripti Goyal confirmed that statutory registers were available for electronic inspection and that members who had voted remotely could participate but not vote again during the live session. Statutory auditors Rajiv Mehrotra & Associates and secretarial auditors HKS & Associates LLP were present, with no adverse comments reported in their respective reports.
Resolutions passed
Shareholders approved five agenda items through electronic voting facilitated by Central Depository Services (India) Limited (CDSL). The remote e-voting period ran from September 25 to September 27, 2026, with the cut-off date for voting entitlements set as September 21, 2026. A total of 22 members voted through remote e-voting and 15 members voted through e-voting during the AGM.
| Item | Particulars | Type |
|---|---|---|
| 1 | Adoption of audited standalone and consolidated financial statements for FY26 | Ordinary |
| 2 | Declaration of final dividend on equity shares for FY26 | Ordinary |
| 3 | Re-appointment of Dinesh Pareekh as director | Ordinary |
| 4 | Alteration of object clause in Memorandum of Association | Special |
| 5 | Shifting of registered office from one state to another | Special |
Detailed voting results
The consolidated scrutinizer's report, submitted by CS Hemant Kumar Sajnani of HKS & Associates LLP on September 29, 2026, confirmed that all resolutions were passed by requisite majority. The table below summarises the vote counts and approval percentages for each resolution.
| Resolution | Votes in favour | Votes against | Total votes polled | % in favour |
|---|---|---|---|---|
| 1 – Adoption of financial statements | 12,632,800 | 800 | 12,633,600 | 99.99% |
| 2 – Declaration of final dividend | 12,632,800 | 800 | 12,633,600 | 99.99% |
| 3 – Re-appointment of Dinesh Pareekh | 12,629,600 | 4,000 | 12,633,600 | 99.97% |
| 4 – Alteration of object clause (MoA) | 12,631,200 | 2,400 | 12,633,600 | 99.98% |
| 5 – Shifting of registered office | 12,631,200 | 2,400 | 12,633,600 | 99.98% |
For Resolution 3, the promoter and promoter group held 16,622,400 shares and polled 12,420,000 votes entirely in favour, while public non-institutional shareholders polled 213,600 votes with 4,000 votes against. The promoter group had 8,280,000 invalid votes recorded for this resolution.
Shareholder participation breakdown
As on the record date of September 21, 2026, the total number of shareholders stood at 2,252. No shareholders attended the meeting in person or through proxy; 23 public shareholders attended via video conferencing. The promoter and promoter group held 16,622,400 shares, public institutions held 17,600 shares, and public non-institutional shareholders held 5,910,400 shares. Institutional shareholders cast no votes across any of the five resolutions.
Governance and compliance details
The scrutinizer's report and voting results were submitted to BSE Limited on September 29, 2026, pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results are to be published on the company website and the CDSL platform. The AGM notice was published in Financial Express (English) and Jansatta (Hindi) on September 1, 2026, with a subsequent advertisement on September 4, 2026 specifying the remote e-voting schedule. Electronic data and records relating to e-voting are under the custody of the scrutinizer and will be handed over to the Company Secretary for preservation.
What the numbers show
The passage of both special resolutions — alteration of the object clause and shifting of the registered office across state lines — with approximately 99.98% votes in favour signals strong shareholder alignment with the company's proposed structural changes. The re-appointment of Dinesh Pareekh drew the lowest approval at 99.97%, reflecting minor dissent from public non-institutional shareholders who cast 4,000 votes against, compared to near-unanimous support from the promoter group.
Historical Stock Returns for GEM Enviro Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.13% | +7.04% | +13.77% | -16.49% | -29.02% | -73.77% |
What specific new business activities will be enabled by the alteration of the Memorandum of Association's object clause?
Which state is the registered office shifting to, and what regulatory or tax advantages does the new jurisdiction offer?
How might the 56% shareholder participation rate and near-zero institutional voting impact future corporate governance reforms?
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