Harrisons Malayalam concludes 49th AGM with director re-appointments
- 49th AGM held on September 29, 2026, via video conferencing
- Special resolution passed for Cherian Manamel George's re-appointment as WTD until 2029
- 54 members participated; 5 speaker shareholders raised queries
- Statutory and secretarial audit reports for FY26 contained no qualifications
*this image is generated using AI for illustrative purposes only.
Harrisons Malayalam Limited held its 49th Annual General Meeting (AGM) on September 29, 2026, entirely through video conferencing. The meeting addressed routine business and special resolutions regarding board composition and auditor remuneration.
The proceedings were chaired by Corattiyil Vinayaraghavan, Non-Executive Independent Director. A total of 54 members participated in the virtual meeting, which was deemed held at the company's registered office in Cochin. The statutory auditors' report for FY26 contained no qualifications or comments.
Resolutions and Board Changes
Shareholders considered several key items during the session. The primary special resolution involved the re-appointment of Cherian Manamel George as Whole-Time Director. The ordinary business included adopting financial statements and rotating out one director.
| Agenda Item | Type | Details |
|---|---|---|
| Adoption of Financials | Ordinary | Standalone and Consolidated statements for FY26 |
| Director Re-appointment | Ordinary | Rajat Bhargava retiring by rotation |
| WTD Re-appointment | Special | Cherian Manamel George for 2 years (Feb 13, 2027 to Feb 28, 2029) |
| Auditor Remuneration | Ordinary | Ratification for Cost Auditors for FY27 |
Meeting Proceedings and Attendance
The AGM commenced at 3:00 pm and concluded at 4:33 pm, with an additional 15 minutes allotted for voting. Voting was conducted electronically via Central Depository Services (India) Limited (CDSL). Remote e-voting had previously opened from September 26 to September 28, 2026.
Six directors attended the meeting virtually:
- Noshir Naval Framjee, Non-Executive Independent Director
- Corattiyil Vinayaraghavan, Non-Executive Independent Director
- Rusha Mitra, Non-Executive Independent Director
- Santosh Kumar, Whole-time Director
- Cherian M George, Whole-time Director
- Rajat Bhargava, Non-Executive Non-Independent Director
Two independent directors, P. Rajagopalan and Kaushik Roy, were absent due to unavoidable circumstances. Representatives from Walker Chandiok & Co. LLP (Statutory Auditors), SEP & Associates (Secretarial Auditors), Suri & Co. (Internal Auditors), and Shome and Banerjee (Cost Auditors) were also present.
Shareholder Engagement
Thirteen shareholders registered as speakers for the meeting. Five of them joined the virtual platform to raise queries and express views. These inquiries were addressed by Cherian Manamel George, authorized by the Chairman. The final voting results, including the scrutinizer's report, are scheduled to be declared within two working days of the meeting's conclusion.
Historical Stock Returns for Harrisons Malayalam
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.59% | -1.44% | -10.95% | +3.72% | -12.19% | -5.28% |
How will the two-year re-appointment of Cherian Manamel George as Whole-Time Director influence Harrisons Malayalam's strategic direction for FY27 and FY28?
What specific operational or financial targets has management set for the upcoming fiscal year following the adoption of the unqualified FY26 financial statements?
How might the increased shareholder engagement and virtual voting mechanisms impact future corporate governance transparency and minority shareholder rights at the company?
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