Pervasive Commodities AGM passes all 5 resolutions with 77.68% votes
- All five resolutions passed with 100% votes in favour
- Total voting turnout stood at 77.68% of outstanding shares
- No promoter or institutional shareholders participated in voting
- Scrutinizer report submitted to BSE on September 29, 2026
*this image is generated using AI for illustrative purposes only.
Pervasive Commodities Limited passed all five resolutions at its 41st Annual General Meeting held on September 26, 2026, via video conferencing. Voting results were submitted to BSE on September 29, 2026, under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Meeting overview
The meeting was chaired by Managing Director Fagun Chandrakant Soni, who confirmed the presence of the requisite quorum before opening the session. The AGM commenced at 2:12 pm and concluded at 2:18 pm. As of the record date of September 19, 2026, the company had 473 shareholders on record. Twelve public shareholders attended through video conferencing; no promoter or promoter group members attended in person or through video conferencing.
Resolutions passed
All five resolutions — three ordinary and two special — were put to vote and passed. The following table summarises the resolutions considered at the meeting:
| Resolution | Description | Nature | Result |
|---|---|---|---|
| 1 | Adoption of audited financial statements for FY26 | Ordinary | Passed |
| 2 | Re-appointment of Fagun Chandrakant Soni as Managing Director | Ordinary | Passed |
| 3 | Appointment of Chandrakant Ramniklal Soni as Non-Executive and Non-Independent Director | Ordinary | Passed |
| 4 | Power under Section 186 of the Companies Act, 2013 | Special | Passed |
| 5 | Approval of loan to directors under Section 185 of the Companies Act, 2013 | Special | Passed |
Voting results
Voting was conducted through remote e-voting and live e-voting during the meeting. Members who had not cast their votes during the remote e-voting period exercised their rights during the live session. The scrutinizer, Jay Pandya of Jay Pandya & Associates (Company Secretary, Membership No. 63213), was appointed at the Board meeting held on September 3, 2026, and issued the scrutinizer's report on September 28, 2026.
The consolidated voting data was identical across all five resolutions. The table below presents the voting breakdown for each category:
| Category | Shares held | Votes polled | % polled on outstanding shares | Votes in favour | Votes against | % in favour |
|---|---|---|---|---|---|---|
| Promoter and Promoter Group | 545900 | 0 | 0 | 0 | 0 | 0 |
| Public Institutions | 86600 | 0 | 0 | 0 | 0 | 0 |
| Public Non-Institutions | 900319700 | 699855200 | 77.73 | 699855200 | 0 | 100 |
| Total | 900952200 | 699855200 | 77.68 | 699855200 | 0 | 100 |
All votes polled were cast in favour, with zero votes against any resolution. The results were intimated to the stock exchanges in compliance with regulatory norms.
Historical Stock Returns for Pervasive Commodities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.93% | +10.12% | +46.97% | 0.0% | 0.0% | 0.0% |
How will the approval of loans to directors under Section 185 impact Pervasive Commodities' future capital allocation strategy and liquidity management?
What strategic objectives under Section 186 does the company intend to pursue, and how might these investments affect its commodity trading operations?
Given the 100% 'in favor' vote with zero opposition from public shareholders, what does this indicate about current shareholder sentiment and potential governance risks?
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