Scoobee Day Garments declares voting results of 32nd AGM; all resolutions passed
- All seven resolutions at the 32nd AGM passed with requisite majority
- Voting included adoption of FY26 financials and director re-appointment
- Special resolution approved MD K L V Narayanan's continuation beyond age 70
- Material related party transaction limits approved for Kitex and Anna Aluminium entities
- 25 shareholders participated via video conferencing out of 2,990 on record date
*this image is generated using AI for illustrative purposes only.
Scoobee Day Garments (India) Limited has declared the voting results of its 32nd Annual General Meeting held on September 29, 2026. All seven resolutions set out in the notice were passed with the requisite majority as required under the Companies Act, 2013.
The meeting was conducted via Video Conferencing and Other Audio-Visual Means. Remote e-voting commenced on September 26, 2026, at 9:00 am and concluded on September 28, 2026, at 5:00 pm. The facility was provided by Central Depository Services (India) Limited (CDSL). Shri Nikhil George Pinto, Company Secretary in Practice, served as the scrutinizer for the e-voting process.
Ordinary business approved
Shareholders adopted the audited financial statements for the financial year ended March 31, 2026. The report of the Board of Directors and the Statutory Auditors were also adopted. M/s. Varma & Varma, the statutory auditor, expressed an unqualified opinion on the financial statements.
Mr. Dony Dominic (DIN: 03588411) was re-appointed as a director retiring by rotation.
Special business and related party transactions
The meeting addressed several special business items, focusing on leadership continuity and related party transaction limits. The continuation of Mr. K L V Narayanan as Managing Director upon attaining age 70 was approved via a Special Resolution.
| Item | Resolution Details | Status |
|---|---|---|
| Continuation of MD | Approval for Mr. K L V Narayanan to continue as Managing Director upon attaining age 70 during his current term | Passed |
| RPT Limit: Kitex Ltd | Approval of material related party transaction limits with Kitex Limited | Passed |
| RPT Limit: Kitex Garments | Approval of material related party transaction limits with Kitex Garments Limited | Passed |
| RPT Limit: Anna Aluminium | Approval of material related party transaction limits with Anna Aluminium Private Limited and Anna Aluminium Company Private Limited | Passed |
Voting participation details
The company disclosed detailed participation metrics from the meeting. A total of 2,990 shareholders were on the record date of September 22, 2026. Of these, 25 shareholders attended the meeting through video conferencing, comprising 4 promoters and 21 public shareholders.
Voting results have been intimated to stock exchanges and uploaded on the company website and CDSL platform separately. The consolidated report of the scrutinizer dated September 30, 2026, confirmed the passage of all resolutions.
Historical Stock Returns for Scoobee Day Garments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.88% | -0.68% | -0.93% | -3.48% | -23.55% | -62.28% |
How will the continuation of Mr. K L V Narayanan as Managing Director beyond age 70 impact Scoobee Day Garments' long-term strategic direction and succession planning?
What specific operational synergies or cost efficiencies are expected from the approved material related party transaction limits with Kitex Limited and Kitex Garments?
Given the low shareholder attendance of 25 out of 2,990, what measures might management take to improve retail investor engagement and voting participation in future AGMs?
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