Ludlow Jute & Specialities shareholders voted against the appointment of Mr. Awanti Kumar Kankaria as Chairman Emeritus at the company’s 47th Annual General Meeting held on September 11, 2026. The resolution failed to secure the requisite majority, marking a rare dissent in an otherwise unanimous session.

The meeting was conducted via Video Conferencing and Other Audio Visual Means (VC/OAVM) in compliance with SEBI and MCA circulars. Managing Director Ashish Chandrakant Agrawal presided over the proceedings, which commenced at 11:30 am. E-voting remained open until 12:47 pm to allow participating members to cast their votes.

Resolutions Passed

Shareholders approved five of the six resolutions placed before them. The statutory and secretarial audit reports for FY26 contained no qualifications or adverse remarks. Promoter group participation was high, with 100% of promoter-held shares voting in favor of all non-related-party resolutions.

Voting Details

The voting results reveal distinct patterns across shareholder categories. For the first four resolutions, including the adoption of financials and the reappointment of the Managing Director, 99.99% of votes polled were in favor. The promoter group, holding 7,240,152 shares, cast all its votes in support. Public non-institutional shareholders also showed overwhelming support, with 99.97% voting in favor on these items.

However, the resolution to appoint Mr. Awanti Kumar Kankaria as Chairman Emeritus faced significant opposition. This was a related-party transaction, as the promoter group declared an interest and abstained from voting. Among public non-institutional shareholders, only 17.78% voted in favor, while 82.22% voted against. Consequently, the resolution did not achieve the necessary majority and was not passed.

Governance Updates

Mr. Sahin Pilania served as the Scrutinizer for the e-voting process. Statutory Auditors JKVS & Co. participated in the meeting to address queries regarding the financial statements. The Company Secretary confirmed that the requisite quorum was present throughout the session. Thirteen pre-registered members addressed the meeting, raising queries that were answered by the Management team.

Shareholders of Ludlow Jute & Specialities Ltd approved the re-appointment of Ms. Sruti Sukul as a Non-Executive Non-Independent Director at their Annual General Meeting held on September 11, 2026.

Ms. Sukul retired by rotation at the AGM in accordance with Section 152(6)(c) of the Companies Act, 2013. The company confirmed that she is not debarred from holding office by any SEBI order or other authority, as per BSE circular LIST/COMP/14/2018-19.

Director Profile

Ms. Sukul brings over 12 years of experience in Company Law, SEBI regulations, finance, and accounts. She holds an M.Com degree and is a qualified Company Secretary.

She was first appointed to the board on October 3, 2024. As of March 31, 2026, she holds no other directorships in public companies and has no shareholding in Ludlow Jute.