Kesar India submits voting results for 22nd AGM held on Sep 30
- Kesar India submits voting results for its 22nd AGM held on September 30, 2026
- All five resolutions passed with requisite majority, including FY26 financials
- Promoter votes excluded for related party transactions; public support at 98.24%
- Total outstanding shares at 30,171,400; 863 shareholders on record date
*this image is generated using AI for illustrative purposes only.
Kesar India Limited has submitted the voting results of its 22nd Annual General Meeting (AGM) held on September 30, 2026. The company filed the details with BSE on October 1, 2026, pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All five resolutions proposed at the meeting were passed with the requisite majority.
The AGM was conducted through Video Conferencing and Other Audio-Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. Yash Gupta, Chairman and Whole-time Director, chaired the session, which commenced at 11:30 am and concluded at 11:40 am. The meeting facilitated electronic voting via Central Depository Services (India) Limited (CDSL), with remote e-voting open from September 27 to September 29, 2026.
Voting participation and attendance
The record date for determining shareholders entitled to vote was September 23, 2026. A total of 863 shareholders were on the register as of this date. During the AGM, no shareholders attended in person or through proxy. However, 3 promoters and 7 public shareholders participated via video conferencing. The total number of shares outstanding stood at 30,171,400.
Resolution outcomes
Shareholders considered and approved the following items:
- Adoption of Financial Statements: The audited standalone and consolidated financial statements for FY26 were adopted unanimously by those voting. Promoters and public shareholders voted 100% in favour.
- Re-appointment of Director: Sachin Gopal Gupta (DIN: 07289877), who retired by rotation, was re-appointed. The resolution received 100% support from voters.
- Material Related Party Transactions: Three separate resolutions regarding material related party transactions were approved. In these instances, promoter votes were excluded from the count as they were interested parties. Public shareholders voted 98.24% in favour and 1.76% against for each of the three transactions.
Scrutinizer’s report details
CS Vishal Thawani, Designated Partner of M/s. VTSN and Associates LLP, served as the Scrutinizer. His report confirmed that the e-voting process was fair and transparent. For the financial statement adoption and director re-appointment, 31 members cast votes via remote e-voting, totaling 21,320,958 votes. No votes were cast during the live AGM session for these items.
For the related party transaction resolutions, 19 members voted in favour with 128,315 votes, while 1 member voted against with 2,300 votes. Notably, 21,190,343 votes held by promoters were treated as invalid or not counted for these specific resolutions because the promoters were interested parties under applicable law.
Historical Stock Returns for Kesar
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.16% | -3.25% | -14.13% | -18.34% | +30.45% | +4,019.07% |
How will the approval of material related party transactions impact Kesar India's future capital allocation and operational independence?
What strategic initiatives are outlined in the adopted FY26 financial statements that could drive revenue growth in the upcoming fiscal year?
Given the low public shareholder turnout, what measures might the company take to enhance retail investor engagement and liquidity in its shares?
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