Gujarat Winding Systems AGM approves FY26 financials with 100% assent
- Gujarat Winding Systems shareholders approved FY26 financial statements with 100% assent
- Zero dissenting votes recorded for the adoption of audited accounts and reports
- Only 26 out of 3,087 shareholders participated in voting, indicating low engagement
- Scrutinizer report submitted to BSE on September 30, 2026, confirming unanimous approval
*this image is generated using AI for illustrative purposes only.
Gujarat Winding Systems Limited shareholders unanimously approved the audited financial statements for the year ended March 31, 2026. The scrutiny report, submitted on September 30, 2026, confirmed that all resolutions passed with requisite majority and zero dissenting votes.
The approval took place during the Annual General Meeting held on September 29, 2026, at the company's registered office in Ahmedabad. The session began at 1:00 pm and concluded by 2:00 pm. The company, formerly known as Hi-Tech Winding Systems Limited, convened the meeting to transact ordinary business including the adoption of accounts and reports.
Voting results and participation
The scrutinizer's report detailed the voting patterns for Resolution No. 1, which covered the adoption of the audited profit and loss account, balance sheet, and directors' report. A total of 26 votes were cast in favor of the resolution, representing 1,184,419 shares. No votes were cast against or invalidated.
Participation was notably low relative to the shareholder base. Out of 3,087 total shareholders as on the record date of September 22, 2026, only 17 members participated via polling paper, and 9 members utilized remote e-voting. This indicates that a small fraction of the registered holders exercised their voting rights during the meeting.
| Metric | Count | Votes Cast | Percentage |
|---|---|---|---|
| Assent (Polling Paper) | 17 | 1,165,700 | 98.42% |
| Assent (E-votes) | 9 | 18,719 | 1.58% |
| Dissent | 0 | 0 | 0% |
| Invalid | 0 | 0 | 0% |
| Total Valid Votes | 26 | 1,184,419 | 100% |
Meeting proceedings
Shareholders transacted the following business during the annual gathering:
- Adoption of the audited profit and loss account for the year ended March 31, 2026.
- Adoption of the balance sheet as at March 31, 2026.
- Approval of the directors' report and auditors' report accompanying the financial statements.
The remote e-voting period commenced on September 26, 2026, and ended on September 28, 2026. Central Depository Services (India) Limited provided the e-voting facility. Jitendra Parmar & Associates served as the scrutinizer for the meeting.
Compliance and disclosures
The filing was submitted to the Bombay Stock Exchange pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Anita Ramchandani, Company Secretary, signed the disclosure digitally on September 30, 2026. The scrutinizer's report was also dated September 30, 2026, confirming the results to the Chairman.
The report noted that the company had not paid listing fees and other charges as per Regulation 14 of the SEBI LODR Regulations, 2015, as of the date of the report. Additionally, Skyline Financial Services Private Limited acts as the Registrar and Share Transfer Agents for the company.
Historical Stock Returns for Gujarat Winding Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.31% | -16.75% | -12.18% | +8.13% | +11.33% | +113.58% |
What are the potential regulatory consequences or trading suspension risks for Gujarat Winding Systems Limited given its failure to pay listing fees as of September 2026?
How might the extremely low shareholder participation rate (less than 1%) impact the company's ability to secure future capital raises or major strategic approvals?
Will the company take immediate steps to regularize its listing fee payments to avoid delisting proceedings by the Bombay Stock Exchange?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
