Supra Trends shareholders approve borrowing limits and director reappointment
- All six resolutions passed at Supra Trends' 39th AGM held on September 30, 2026
- Special resolution to enhance borrowing limits approved with 99.68% votes in favour
- Voting turnout covered approximately 36.4% of total outstanding shares
- Director Koppuravuri Naga Venkata Shyam Anirudh reappointed with 99.97% support
*this image is generated using AI for illustrative purposes only.
Supra Trends Limited held its 39th Annual General Meeting on September 30, 2026, in Hyderabad. The meeting focused on adopting financial statements for FY26 and approving key operational resolutions.
Shareholders passed all six proposed resolutions, including the adoption of audited standalone and consolidated financial statements. The board also approved the reappointment of statutory auditors and the retirement by rotation of a director.
Voting Results and Shareholder Participation
The company disclosed detailed voting outcomes under Regulation 44 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. A total of 6,757 shareholders were on the record date of September 23, 2026. Of these, 12 promoters and 26 public shareholders attended physically or through proxy. No video conferencing was arranged for the meeting.
The combined scrutiny report confirmed that remote e-voting via Central Depository Services (India) Limited and physical poll votes resulted in the passage of all items. The overall turnout represented approximately 36.4% of the total outstanding shares.
Resolution-wise Voting Breakdown
The following table summarizes the voting results for the six resolutions passed at the AGM:
| Resolution | Type | Votes In Favour (%) | Votes Against (%) | Outcome |
|---|---|---|---|---|
| Adoption of FY26 Financial Statements | Ordinary | 100.00% | 0.00% | Passed |
| Appointment of Director (Retiring by Rotation) | Ordinary | 99.97% | 0.03% | Passed |
| Appointment of Statutory Auditors (Casual Vacancy) | Ordinary | 99.97% | 0.03% | Passed |
| Re-appointment of SNMR & Associates | Ordinary | 99.97% | 0.03% | Passed |
| Enhancement in Overall Borrowing Limits | Special | 99.68% | 0.32% | Passed |
| Creation of Security on Assets | Special | 99.68% | 0.32% | Passed |
Key Resolutions Passed
The company sought shareholder approval for several critical items during the meeting:
- Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026.
- Appointment of Mr. Koppuravuri Naga Venkata Shyam Anirudh as Director, retiring by rotation.
- Approval of the appointment of Statutory Auditors to fill a casual vacancy.
- Re-appointment of M/s. SNMR & Associates, Chartered Accountants, as Statutory Auditors.
- Enhancement in overall borrowing limits of the company (Special Resolution).
- Creation of security on assets of the company (Special Resolution).
Meeting Proceedings
The meeting was chaired by Mrs. Bhavani Ajjarapu, Chairperson and Managing Director. She presented highlights of business operations and financial performance for FY26. The requisite quorum was present, and the Chairperson addressed member queries.
Remote e-voting was conducted via Central Depository Services (India) Limited from September 27 to September 29, 2026. Members attending physically voted via poll. Mrs. N. Vanitha served as the Scrutinizer for the voting process.
Attendees and Governance
Key personnel present at the meeting included:
| Name | Role |
|---|---|
| Mrs. Bhavani Ajjarapu | Chairperson & Managing Director |
| Mr. Sridhar Seshadri Gundavarapu | Independent Director |
| Mrs. Savithri Penumarthy | Independent Director |
| Mr. Raghavendra Kumar Koduganti | Independent Director |
| Mr. D V P Rao Vinnakota | Chief Financial Officer |
| Mr. Girish Shivaram Gaonkar | Company Secretary |
The results of the voting were announced on October 1, 2026, and displayed on the company website and stock exchanges.
Historical Stock Returns for Supra Trends
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.94% | +0.64% | +13.51% | +33.45% | +5.33% | 0.0% |
How will the enhanced borrowing limits and asset security creation impact Supra Trends' capital expenditure plans for FY27?
What specific strategic initiatives did the Chairperson highlight to address the low shareholder turnout of 36.4% in future meetings?
Will the reappointment of SNMR & Associates lead to any changes in the company's audit risk assessment or financial reporting standards?
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