Pasupati Acrylon AGM resolutions pass with 99.99% support
- Pasupati Acrylon declared voting results for its 43rd AGM held on September 9, 2026
- All three resolutions passed with over 99.99% shareholder support
- Total votes polled reached 5,43,30,565, representing a 60.95% turnout
- Promoter group voted unanimously in favour of all agenda items
*this image is generated using AI for illustrative purposes only.
Pasupati Acrylon Limited has declared the voting results for its 43rd Annual General Meeting (AGM) held on September 9, 2026. Shareholders approved all three resolutions on the agenda with overwhelming support, securing more than 99.99% affirmative votes across each item.
The meeting, convened at the company’s registered office in Moradabad, Uttar Pradesh, saw participation from 63,786 shareholders as on the cut-off date of September 2, 2026. A total of 5,43,30,565 votes were polled, representing a 60.95% turnout on outstanding shares.
Key Resolutions Passed
Shareholders approved the adoption of audited financial statements for FY26, the re-appointment of Mr. Satya Prakash Gupta as director, and the ratification of cost auditors’ remuneration for FY27. All resolutions were passed as ordinary resolutions.
| Resolution | Votes in Favour | Votes Against | % Support |
|---|---|---|---|
| Adoption of FY26 Financials | 5,43,28,415 | 2,150 | 99.9960% |
| Re-appointment of S.P. Gupta | 5,43,28,563 | 2,002 | 99.9963% |
| Ratification of Cost Auditors | 5,43,28,415 | 2,150 | 99.9960% |
Mr. Satya Prakash Gupta, Whole-time Director (Director – Operations), retires by rotation and offered himself for re-appointment. The shareholders approved his continued tenure with minimal dissent.
Voting Breakdown
The promoter group held 5,87,15,445 shares and voted unanimously in favour of all resolutions. Public institutional shareholders did not participate in the voting process. Among public others, who held 2,98,49,708 shares, support remained strong at approximately 97.78% to 97.93% depending on the resolution.
Remote e-voting was conducted via National Securities Depository Limited (NSDL) from September 6 to September 8, 2026. Thirty-eight shareholders attended the physical meeting, including seven body corporate shareholders represented by authorized representatives. No proxies were present.
Governance and Compliance
The Statutory Auditor's report on the financial statements for the year ended March 31, 2026, contained no qualifications, reservations, adverse marks, or disclaimers. Consequently, the report was taken as read in accordance with Section 145 of the Companies Act, 2013.
Mr. Susanta Kumar Hota, Practicing Company Secretary, served as the scrutinizer. His consolidated report confirmed that there were no invalid votes. However, one shareholder present in person abstained from voting through poll. The results were countersigned by Mr. Vineet Jain, Managing Director and Chairman of the Meeting.
Historical Stock Returns for Pasupati Acrylons
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.00% | +0.43% | +2.77% | +39.60% | +46.98% | 0.0% |
How will the re-appointment of Mr. Satya Prakash Gupta influence Pasupati Acrylon's operational strategy and cost management initiatives for FY27?
What specific growth targets or capital expenditure plans did management outline during the AGM to justify the adoption of FY26 financials?
Given the high promoter support but zero institutional participation, what steps might the company take to engage institutional investors in future governance decisions?
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