Gorani Industries Limited concluded its 31st Annual General Meeting on September 25, 2026, with members approving both agenda items via remote e-voting. The meeting, conducted through video conferencing, saw the adoption of audited financial statements for FY26 and the reappointment of a director.

The proceedings were chaired by Nakul Gorani, Chairman cum Whole-time Director. Notably, all directors attended the meeting except Mr. Sanjay Kumar Gorani, the Managing Director. The requisite quorum was present, and the meeting commenced at 12:30 pm, concluding at 12:46 pm. The scrutinizer's report, issued by Manish Jain & Co., confirmed the results based on data from the Central Depository Services (India) Limited platform.

Voting on Financial Statements

The first ordinary resolution sought approval to consider and adopt the audited financial statements for the financial year ended March 31, 2026, along with the Board and Auditor reports. The resolution received overwhelming support, passing with 99.44% of votes in favor.

Promoters and promoter group cast their entire holding of 3,338,562 shares in favor. Public non-institutional shareholders voted 915,386 shares, with 891,358 votes in favor and 24,028 against. No public institutional shareholders participated in the voting. There were no invalid votes recorded for this resolution.

Director Reappointment

The second ordinary resolution concerned the appointment of a director in place of Geet Gorani (DIN: 08364525), who retired by rotation and offered herself for reappointment. The promoters were interested in this agenda item. The resolution passed with 98.76% of valid votes in favor.

While promoters voted unanimously in favor, dissent was slightly higher among public non-institutional shareholders compared to the first resolution. Of the 915,386 shares polled by this group, 862,756 voted in favor, while 52,630 voted against. Crucially, the scrutinizer's combined report disclosed 1,720,024 invalid votes, representing 40.45% of the total votes cast for this specific resolution, a significant anomaly not present in the financial statement vote.

What the Numbers Show

A comparison of voting patterns reveals a divergence in shareholder sentiment between routine financial adoption and governance-related appointments. While support for the financial statements remained near-unanimous among participating public shareholders (97.38% in favor), opposition more than doubled during the director reappointment vote (rising from 24,028 to 52,630 votes against).

Furthermore, the presence of 1,720,024 invalid votes in the director reappointment, compared to zero invalid votes in the financial statement adoption, suggests potential procedural errors or deliberate abstentions via invalid ballots specifically targeting the governance decision. This indicates that while minority shareholders largely accepted the financial performance reported for FY26, they expressed greater reservation regarding the specific governance decision of reappointing Geet Gorani, despite the resolution still passing comfortably with requisite majority.

Gorani Industries has scheduled its 31st Annual General Meeting for Friday, September 25, 2026. The meeting will be conducted through video conferencing or other audio-visual means at 12:30 pm.

The company notified the BSE Limited on September 3, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proceedings will be deemed conducted at the registered office in Indore, Madhya Pradesh.

Meeting Details

The primary agenda includes considering and adopting the audited standalone financial statements for the fiscal year ended March 31, 2026. Shareholders will also vote on the reappointment of Mr. Geet Gorani as a non-executive director.

The electronic copy of the Annual Report, including the notice convening the meeting, was sent to members via email on September 2, 2026. The report is available on the company’s website and the stock exchange portal. No physical copies will be dispatched unless specifically requested by shareholders who have not registered their email addresses.

Director Reappointment

Mr. Geet Gorani retires by rotation and offers himself for reappointment. He holds a B.Com (Hons.) from Christ University and has seven years of experience as a director in Blow Hot Kitchen Appliances Pvt. Ltd.

Voting Procedures

Remote e-voting begins on Tuesday, September 22, 2026, at 9:00 am and ends on Thursday, September 24, 2026, at 5:00 pm. The cut-off date for determining voting rights is Friday, September 18, 2026. M/s. Manish Jain & Co., Practicing Company Secretaries, have been appointed as the scrutinizer.

Shareholders holding shares in demat mode can access e-voting through their depository participants (CDSL/NSDL). Physical shareholders must log in via the CDSL e-voting system using their folio number and PAN. Members who cast votes via remote e-voting may attend the meeting but cannot vote again.

Book Closure and Share Transfers

The register of members and share transfer books will remain closed from Saturday, September 19, 2026, to Friday, September 25, 2026, for the purpose of the AGM.

In line with SEBI circulars dated July 2, 2025, and January 30, 2026, a special window from February 5, 2026, to February 4, 2027, allows investors to re-lodge transfer requests for physical shares submitted before April 1, 2019, that were rejected due to document deficiencies. All such re-lodged shares will be transferred only in dematerialized form.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE792J01015/3efb5f36-33ca-4938-be18-4501a95b1a4b.pdf