Indus Aluminium Recyclers passes all seven resolutions at 40th AGM
- All seven resolutions at the 40th AGM passed with requisite majority
- Promoter group voted 100% in favor across all agenda items
- Public non-institutional shareholders recorded 99.99% assent on voted shares
- Borrowing powers and charge creation resolutions approved as special resolutions
*this image is generated using AI for illustrative purposes only.
Indus Aluminium Recyclers Limited , formerly known as Containerway International Limited, announced that all seven resolutions proposed at its 40th Annual General Meeting (AGM) held on September 26, 2026, have been duly approved with requisite majority.
The meeting was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with regulatory guidelines. The session commenced at 4:46 pm and concluded at 5:15 pm. Mr. Sanket Deora, Chairman and Managing Director, chaired the proceedings. A total of 21 members participated in the meeting through the digital platform. The requisite quorum was present, allowing the business to be transacted smoothly.
Resolutions and Business Transacted
The Chairman informed members that the Notice circulated with the Annual Report for FY26 was taken as read. Similarly, the reports of the Board of Directors and Secretarial Auditors were considered as read. As e-voting had commenced prior to the meeting, there was no need to propose and second resolutions during the session.
Seven resolutions were placed before the members for approval, covering both ordinary and special business items. The scrutinizer’s report confirmed that each resolution received votes in favor exceeding the required threshold, with dissenting votes accounting for less than 0.01% of total valid votes in most categories.
| Resolution No. | Particulars | Type | Result |
|---|---|---|---|
| 1 | Adoption of annual audited standalone financial statements for FY26 | Ordinary | Passed |
| 2 | Re-appointment of Sanket Sanjay Deora as Director retiring by rotation | Ordinary | Passed |
| 3 | Confirmation of Pankeet Pankajkumar Aundhiya as Independent Director | Ordinary | Passed |
| 4 | Confirmation of Kunal Arora as Non-executive Director | Ordinary | Passed |
| 5 | Confirmation of Vansh Arora as Non-executive Director | Ordinary | Passed |
| 6 | Increase in borrowing powers of the Board under Section 180(1)(c) | Special | Passed |
| 7 | Creation of charges on movable and immovable properties for borrowings | Special | Passed |
E-Voting and Scrutiny
Remote e-voting was available from Wednesday, September 23, 2026, at 9:00 am until Friday, September 25, 2026, at 5:00 pm. Members who did not vote during this period were given the opportunity to cast their votes during the continuance of the meeting. The voting facility remained open for an additional 15 minutes after the conclusion of the AGM.
M/s Utkarsh Shah and Co., Practicing Company Secretary, served as the scrutinizer for the e-voting process. The results of the remote e-voting and the votes cast during the meeting were declared and disseminated on stock exchanges on September 29, 2026. These results were also uploaded on the company's website and that of Central Depository Services (India) Limited.
What the Numbers Show
The voting data reveals a high concentration of promoter support driving the passage of resolutions. Promoters and their group, holding 42,44,685 shares, voted 100% in favor across all items. In contrast, public non-institutional shareholders, who hold a significantly larger stake of 71,27,515 shares, saw only 9.19% of their shares voted. Among those public votes, 99.99% supported the resolutions, with only 42 votes cast against. This indicates strong alignment between management and participating minority shareholders, despite low overall participation rates among the public float.
Historical Stock Returns for Containerway Internationa
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.12% | -10.59% | -11.48% | +15.06% | -36.90% | +451.15% |
How will the newly expanded borrowing powers under Section 180(1)(c) specifically impact Indus Aluminium Recyclers' capital expenditure plans for FY27?
What specific industrial assets are expected to be pledged as charges to secure the increased debt capacity approved in Resolution 7?
Given the low public participation rate of 9.19%, what governance reforms might institutional investors demand to improve minority shareholder engagement in future AGMs?
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
