Golden Carpets Ltd concluded its 32nd Annual General Meeting (AGM) on September 23, 2026, in Hyderabad, with all proposed resolutions passing with overwhelming majority. The statutory auditors raised no qualifications in their report for the financial year ended March 31, 2026.

The meeting was attended by 36 members, comprising two promoters and 34 public shareholders, out of a total of 946 members as on the record date of September 16, 2026. The requisite quorum was present, allowing the Chairperson to call the meeting to order.

Key resolutions passed

Shareholders transacted both ordinary and special business items set out in the notice. The ordinary business included the adoption of audited financial statements for FY26 and the reports of the Board of Directors and Auditors thereon. Additionally, Rohan Bhushan Kerur (DIN: 10990781), who retired by rotation, was reappointed as a Director.

Under special business, members considered and approved the change in designation of Meena Bhushan Kerur (DIN: 02454919) from Non-Executive Director to Managing Director of the company.

Voting results breakdown

The voting process utilized electronic voting facilities pursuant to Section 108 of the Companies Act, 2013. Remote e-voting commenced on September 19, 2026, and ended on September 22, 2026. Members present at the meeting who had not cast votes electronically were provided an opportunity to vote via ballot.

Mrs. Rashida Adenwala, a practicing Company Secretary, served as the Scrutinizer for the voting process. The results were declared following the receipt of her report. The Chairperson expressed gratitude to stakeholders for their support, noting the company's completion of 32 years since incorporation.

What the Numbers Show

The combined data reveals a stark concentration of voting power. While 36 members attended the meeting physically or via proxy, the Promoter group held 43,04,104 shares out of a total outstanding share capital of 64,90,159. In the poll conducted at the meeting, promoters cast 37,79,405 votes, accounting for 87.81% of the total votes polled. Public non-institutional shareholders contributed only 4,912 votes (0.22% of outstanding shares). Consequently, despite 79 votes being cast against the resolutions via remote e-voting by public shareholders, the promoter block ensured a 99.9979% approval rate for all items, including the related-party designation change for Meena Bhushan Kerur.

Golden Carpets Ltd has filed its annual report for FY26 ahead of its 32nd Annual General Meeting (AGM) scheduled for September 23, 2026. The filing includes the adoption of audited financial statements revealing a net loss of ₹16.39 lakh on revenue from operations of ₹95.49 lakh.

The company issued the intimation on September 1, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Register of Members and Share Transfer Books will remain closed from Thursday, September 17, 2026, to Wednesday, September 23, 2026.

Key AGM Resolutions

The meeting will transact ordinary business related to the financial year 2025-26, alongside special resolutions concerning board composition:

• Adoption of Financials: Shareholders will consider the audited financial statements for FY26, including reports from the Board of Directors and Statutory Auditors (M/s. Sathuluri & Co.).
• Re-appointment of Director: Mr. Rohan Bhushan Kerur retires by rotation and seeks re-appointment as a Non-Executive & Non-Independent Director.
• Change in Designation: The Board proposes changing Mrs. Meena Bhushan Kerur’s designation from Non-Executive Director to Managing Director for a five-year term effective August 20, 2026. She has voluntarily waived her entitlement to remuneration.

Financial Performance FY26

Revenue from operations grew to ₹95.49 lakh in FY26 compared to ₹78.98 lakh in FY25. However, total expenses rose sharply to ₹106.98 lakh (excluding depreciation), driven primarily by a significant increase in other expenses to ₹58.32 lakh from ₹28.48 lakh in the prior year. This surge was largely attributed to commission and brokerage costs of ₹25.45 lakh, which were nil in FY25.

What the Numbers Show

While top-line growth reflects increased sales activity, the widening loss highlights margin pressure. Other expenses now constitute approximately 61% of total operating expenses, up from roughly 36% in FY25. This structural shift indicates that higher revenue did not translate to operational leverage, as variable costs like commissions scaled disproportionately with sales volume.

Meeting Details

The 32nd AGM will be held at the Hotel Marriott on Tank Bund Road in Hyderabad at 9:00 am. Remote e-voting is available from September 19 to September 22, 2026, with a record date of September 16, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE595D01015/a6bc03cb-1457-47c6-a9b3-7e7d4de3c696.pdf