Khadim India shareholders pass all 5 resolutions at 45th AGM
- All five resolutions passed with over 99.99% votes in favour
- Promoters holding 60.35% of shares voted unanimously for all items
- Meeting attended by 128 members via video conferencing on September 24, 2026
- Zero invalid votes recorded across all five resolutions
*this image is generated using AI for illustrative purposes only.
Khadim India Limited concluded its 45th Annual General Meeting on September 24, 2026, with shareholders approving all five proposed resolutions through remote e-voting and e-voting at the AGM, each passing with over 99.99% of valid votes in favour.
The meeting was held via video conferencing at 11:30 am IST and concluded at 12:40 pm IST, with 128 members attending and 17 speakers raising queries. Mr. Siddhartha Roy Burman, Executive Chairman, chaired the session, highlighting key business themes including retail expansion and operational efficiency. The Board of Directors confirmed that the statutory auditors' reports contained no qualifications or adverse comments. Remote e-voting was open from September 21 to September 23, 2026, with a cut-off date of September 17, 2026. Votes were unblocked on September 24, 2026 around 12:58 pm IST after AGM completion, in the presence of two independent witnesses.
Resolutions passed
Shareholders voted on both ordinary and special business items through the e-voting platform provided by NSDL (EVEN: 141658). The consolidated scrutinizer's report, prepared by Mr. Atul Kumar Labh of M/s. A. K. Labh & Co., Company Secretaries, Kolkata, confirmed all resolutions were passed with the requisite majority.
| Resolution | Type | Item | Outcome |
|---|---|---|---|
| 1 | Ordinary | Adoption of standalone and consolidated financial statements for FY26 | Passed |
| 2 | Ordinary | Re-appointment of Mr. Ritoban Roy Burman as Director | Passed |
| 3 | Ordinary | Re-appointment of M/s. Ray & Ray as statutory auditors for 5 years | Passed |
| 4 | Special | Continuation of Prof. (Dr.) Surabhi Banerjee as Independent Director | Passed |
| 5 | Special | Alteration of Articles of Association | Passed |
Detailed voting results
The scrutinizer's report provides a resolution-wise breakdown of votes cast in favour and against, with zero invalid votes recorded across all five resolutions. The data reveals that promoters and promoter group held 11,006,907 shares, representing 60.35% of the total outstanding shares of 18,378,382. Promoters voted in favour of all resolutions with 100% support. Public institutions held 79,900 shares, while public non-institutions held 7,291,575 shares.
Resolution 1: Adoption of financial statements
| Mode | Members voted | Votes cast | % of valid votes |
|---|---|---|---|
| Remote e-voting (in favour) | 207 | 1,10,90,761 | |
| E-voting at AGM (in favour) | 4 | 13 | |
| Total in favour | 211 | 1,10,90,774 | 99.9963% |
| Remote e-voting (against) | 29 | 410 | |
| E-voting at AGM (against) | 0 | 0 | |
| Total against | 29 | 410 | 0.0037% |
Resolution 2: Re-appointment of Mr. Ritoban Roy Burman
| Mode | Members voted | Votes cast | % of valid votes |
|---|---|---|---|
| Remote e-voting (in favour) | 204 | 1,10,90,737 | |
| E-voting at AGM (in favour) | 4 | 13 | |
| Total in favour | 208 | 1,10,90,750 | 99.9961% |
| Remote e-voting (against) | 32 | 434 | |
| E-voting at AGM (against) | 0 | 0 | |
| Total against | 32 | 434 | 0.0039% |
Resolution 3: Re-appointment of M/s. Ray & Ray as statutory auditors
| Mode | Members voted | Votes cast | % of valid votes |
|---|---|---|---|
| Remote e-voting (in favour) | 204 | 1,10,90,719 | |
| E-voting at AGM (in favour) | 4 | 13 | |
| Total in favour | 208 | 1,10,90,732 | 99.9959% |
| Remote e-voting (against) | 32 | 452 | |
| E-voting at AGM (against) | 0 | 0 | |
| Total against | 32 | 452 | 0.0041% |
Resolution 4: Continuation of Prof. (Dr.) Surabhi Banerjee as Independent Director
| Mode | Members voted | Votes cast | % of valid votes |
|---|---|---|---|
| Remote e-voting (in favour) | 203 | 1,10,90,617 | |
| E-voting at AGM (in favour) | 4 | 13 | |
| Total in favour | 207 | 1,10,90,630 | 99.9950% |
| Remote e-voting (against) | 33 | 554 | |
| E-voting at AGM (against) | 0 | 0 | |
| Total against | 33 | 554 | 0.0050% |
Resolution 5: Alteration of Articles of Association
| Mode | Members voted | Votes cast | % of valid votes |
|---|---|---|---|
| Remote e-voting (in favour) | 204 | 1,10,90,722 | |
| E-voting at AGM (in favour) | 4 | 13 | |
| Total in favour | 208 | 1,10,90,735 | 99.9960% |
| Remote e-voting (against) | 32 | 449 | |
| E-voting at AGM (against) | 0 | 0 | |
| Total against | 32 | 449 | 0.0040% |
Governance and compliance
The e-voting process was conducted in compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. M/s. Ray & Ray, Chartered Accountants, were re-appointed for a second term of five consecutive years. Mr. Ritoban Roy Burman was re-appointed following his retirement by rotation. Prof. (Dr.) Surabhi Banerjee's continuation as an Independent Director and alterations to the Articles of Association were approved as special resolutions. The scrutinizer's report was received by Abhijit Dan, Group Company Secretary and Head of Legal.
Historical Stock Returns for Khadim
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.57% | +4.53% | -4.38% | +10.58% | -51.87% | 0.0% |
What specific retail expansion strategies did the Executive Chairman outline to drive future revenue growth?
How will the approved alterations to the Articles of Association impact Khadim India's corporate governance framework or operational flexibility?
What are the expected financial benefits from the 'operational efficiency' initiatives highlighted during the AGM?
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