Shree Rajiv Lochan Oil Extraction submits scrutinizer's report for 36th AGM
- Scrutinizer's report submitted for 36th AGM held on September 30, 2026
- All three resolutions passed with 99.85% votes in favor
- 22 members voted: 2 via e-voting and 20 via physical poll
- Dissent limited to 0.15% of total votes, all from e-voting segment
*this image is generated using AI for illustrative purposes only.
Shree Rajiv Lochan Oil Extraction Limited submitted the scrutinizer's report detailing voting results for its 36th Annual General Meeting held on September 30, 2026. The filing confirms that all proposed resolutions were passed with the requisite majority.
The meeting, conducted in Raipur, Chhattisgarh, covered the adoption of FY26 financial statements, the re-appointment of director Prakash Chand Raheja, and the appointment of M/s Jain Bardia & Co. as statutory auditor. The scrutinizer, Samantrai Prashant & Co., verified votes cast through both remote e-voting and physical polling at the meeting.
Voting process and participation
The company facilitated remote e-voting from September 27 to September 29, 2026, via the National Securities Depository Limited (NSDL) platform. A cut-off date of September 23, 2026, determined voting entitlements. During the AGM, a physical poll was conducted using ballot boxes for members present who did not vote electronically.
According to the consolidated report, 2 members participated via remote e-voting, while 20 members cast their votes through the physical poll at the meeting. This resulted in a total of 22 members voting across all resolutions. No invalid forms or votes were recorded in any category.
Resolution outcomes
The voting results were identical for all three ordinary business items. The detailed breakdown is as follows:
| Particular | Electronic | Poll | Total |
|---|---|---|---|
| Members voted | 2 | 20 | 22 |
| Total votes cast | 13,140 | 775,500 | 788,640 |
| Votes in favor | 11,930 | 775,500 | 787,430 |
| Votes against | 1,210 | 0 | 1,210 |
| % in favor | 1.52% | 98.33% | 99.85% |
| % against | 0.15% | 0.00% | 0.15% |
All three resolutions received a combined approval rate of 99.85%, with dissenting votes accounting for only 0.15% of the total votes cast. The dissent originated entirely from the electronic voting segment, where 1,210 votes were cast against the resolutions, while no dissent was recorded in the physical poll.
Key resolutions passed
The following items were approved:
- Adoption of Accounts: Audited standalone financial statements for the fiscal year ended March 31, 2026, along with Board and Auditor reports.
- Director Re-appointment: Prakash Chand Raheja (DIN: 00341864) was re-appointed as he retires by rotation and remains eligible.
- Auditor Appointment: M/s Jain Bardia & Co. was appointed as statutory auditor for a five-year term, extending from the conclusion of this AGM until the end of the 41st AGM.
The register and records related to the voting process remain in the custody of the scrutinizer until the Chairman approves and signs the minutes of the meeting. The report was submitted to BSE Limited pursuant to Regulation 44(3) of the Listing Obligations and Disclosure Requirements (LODR).
Historical Stock Returns for Shri Rajivlochan Oil Extration
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | +12.77% | 0.0% | -10.10% |
How might the appointment of M/s Jain Bardia & Co. for a five-year term influence the company's future audit standards and financial transparency?
What are the potential implications of the low shareholder participation (22 members) on the company's governance structure and minority shareholder rights?
Will the re-appointment of Prakash Chand Raheja signal any changes in Shree Rajiv Lochan Oil Extraction Limited's strategic direction or operational focus?
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