Polo Queen Industrial and Fintech Limited held its 42nd Annual General Meeting on September 28, 2026, through Video Conferencing. The meeting adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The company reported that the Statutory Auditors' Report and Secretarial Audit Report for FY26 contained no qualifications, observations, or adverse remarks. This clean audit opinion signals regulatory compliance and accurate financial reporting for the period.

Key resolutions passed

Shareholders approved three ordinary resolutions during the virtual meeting. The agenda included the adoption of financial reports and the reappointment of two directors retiring by rotation.

Meeting proceedings and voting

The meeting commenced at 3:00 pm and concluded at 3:41 pm. Ms. Nayan Pophale, Company Secretary, welcomed members and briefed them on the virtual participation guidelines. Mr. Prabhas Sanghai, Executive Director and CFO, chaired the session from the registered office in Mumbai.

Remote e-voting was available from September 24 to September 27, 2026. Members who did not vote remotely could cast their votes during the meeting for 15 minutes after the conclusion of proceedings. The scrutinizer's report and consolidated voting results were scheduled for publication on the company website and NSDL portal.

Governance and attendance

All directors attended the AGM. Chairpersons or authorized representatives from the Audit Committee, Stakeholders' Relationship Committee, and Nomination and Remuneration Committee were also present. M/s. N. K. Jalan and Co., the statutory auditors, and M/s. Dipti Nagori & Associates, the secretarial auditors, participated via video link.

Polo Queen Industrial and Fintech Ltd promoter group member Prabhadevi Sanghai disposed of 1.25 crore equity shares through an off-market gift to Nihar Pawankumar Sanghai on September 16, 2026.

The transaction involved a transfer of 1,25,04,000 shares, representing 3.72% of the company's total voting capital. This disposal was executed via a gift deed, reducing the promoter group's holding from 18.63% to 14.91%.

Transaction details

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were transferred as an off-market gift, with no monetary consideration involved in the primary exchange mechanism described.

The company's total equity share capital remained unchanged at 33,57,50,000 equity shares of ₹2 each before and after the transaction. The listing exchanges for Polo Queen are BSE Limited and Metropolitan Stock Exchange of India Limited.

What the numbers show

The disposal represents a significant internal reallocation within the promoter group rather than an exit from the company. While the absolute number of shares held by Prabhadevi Sanghai decreased by over 12 million, the total diluted share capital of the company remained static at 33,57,50,000 shares. This indicates that the ownership structure is being reshuffled among family members or related entities, with no new shares issued or existing shares bought back by the corporate entity.