Newtrac Foods & Beverages passes all 5 resolutions at 39th AGM
- Newtrac Foods & Beverages passed all five resolutions at its 39th AGM on September 24, 2026
- Voting results show 99.99% of votes were cast in favour across all agenda items
- Promoter group participated heavily with 98.77% of their shares voted vs 4.15% for public non-institutions
- Statutory auditor appointment and director regularizations approved via special resolutions
*this image is generated using AI for illustrative purposes only.
Newtrac Foods & Beverages Limited passed all five resolutions at its 39th Annual General Meeting held on September 24, 2026, with a 99.99% majority in favour. The company submitted the consolidated scrutinizer report to stock exchanges on September 25, 2026.
The meeting was conducted via two-way Video Conferencing in compliance with MCA and SEBI circulars. NSDL provided the e-voting facility, and Mr. Mahendra Kumar Jagdeesh Patel presided as Executive Director. A total of 99 members attended the virtual session, which concluded at 3:11 pm IST.
Voting results and compliance
Remote e-voting commenced on September 21, 2026, and closed on September 23, 2026. Members present during the virtual meeting had a 15-minute window to cast votes electronically if they had not voted remotely earlier. Mr. Ramesh Chandra Bagdi, Practicing Company Secretary, served as the Scrutinizer.
The scrutinizer report confirms that all ordinary and special business items outlined in the meeting notice were approved. No members voted against the resolutions through the e-voting system provided by NSDL during the AGM itself; however, remote e-voting data showed minimal dissent.
Resolutions passed
The shareholders considered financial adoption, board continuity, and statutory appointments. The specific outcomes are detailed below:
| Item | Particulars | Resolution Type | Outcome |
|---|---|---|---|
| 1 | Adoption of audited financial statements for FY26 | Ordinary | Passed |
| 2 | Re-appointment of Mr. Mahendra Kumar Jagdeesh Patel | Ordinary | Passed |
| 3 | Appointment of M/s Sarang Shivajirao Chavan & Associates as Statutory Auditors | Special | Passed |
| 4 | Regularization of Mr. Gurunath Jairam Gurav as Independent Director | Special | Passed |
| 5 | Regularization of Mr. Rathindranath Bishnupada Ghosh as Independent Director | Special | Passed |
What the numbers show
The voting data reveals a high concentration of promoter participation relative to public shareholders. Promoters voted 3,508,645 shares, representing 98.77% of their holding, while public non-institutional investors voted only 647,802 shares out of 15,584,935 held, a participation rate of 4.15%. Across all resolutions, the total votes polled amounted to 4,156,447, which is 21.65% of the total outstanding shares of 19,200,000. Despite the low public turnout, the overwhelming support from promoters ensured a 99.99% favourable vote share, with only 7 votes cast against across all items.
Historical Stock Returns for Markobenz Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.36% | +1.43% | +22.72% | -7.45% | -35.54% | +13.47% |
How will the appointment of Sarang Shivajirao Chavan & Associates as statutory auditors impact Newtrac Foods' future financial reporting standards and audit risk profile?
What strategic initiatives or capital expenditure plans are expected to be prioritized now that the FY26 financial statements have been formally adopted?
Given the 4.15% public shareholder participation rate, what measures might the board implement to improve retail investor engagement and governance transparency in upcoming quarters?
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