Khadim India shareholders pass all 5 resolutions at 45th AGM
- Khadim India held its 45th AGM on September 24, 2026 via video conferencing, with 128 members attending
- All five resolutions, three ordinary and two special, were passed with over 99.99% of valid votes in favour
- Resolution 1 (adoption of FY26 financial statements) received 1,10,90,774 votes in favour, representing 99.9963% of valid votes
- M/s. Ray & Ray were re-appointed as statutory auditors for a second term of five consecutive years
- Zero invalid votes were recorded across all five resolutions; the scrutinizer's report was prepared by M/s. A. K. Labh & Co.
*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.
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 |
|---|---|---|---|---|---|
| -1.99% | -0.40% | +24.22% | +41.27% | -57.23% | -36.79% |
What specific retail expansion strategies did the Executive Chairman outline, and how might they impact Khadim India's market share in the upcoming fiscal year?
How will the approved alterations to the Articles of Association affect the company's future corporate governance structure or capital raising capabilities?
Given the emphasis on operational efficiency, what specific cost-reduction targets or margin improvement goals has management set for FY27?
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