Valecha Engineering shareholders approve all AGM resolutions with 99.99% assent
- Valecha Engineering approved all five resolutions at its 49th AGM held on September 30, 2026.
- Shareholders granted 99.99% assent to the adoption of FY26 audited financial statements.
- Pradeep Khandagale was re-appointed as director, and Sheuli Sandeep Mukharjee joined as independent director.
- Jain Jagawat Kamdar & Co. and Rohit Periwal & Associates were appointed as statutory and secretarial auditors respectively.
*this image is generated using AI for illustrative purposes only.
Valecha Engineering Limited concluded its 49th Annual General Meeting on September 30, 2026, with shareholders approving all resolutions with 99.99% assent. The meeting ratified the adoption of audited financial statements for the fiscal year ended March 31, 2026, alongside key governance appointments.
The proceedings were chaired by Shashikant G. Bhoge, Director, who highlighted recent developments in the infrastructure sector and outlined the company's future plans. A total of 35 shareholders attended in person to form the requisite quorum. The meeting also addressed the re-appointment of a director retiring by rotation, the appointment of a new independent director, and the appointment of new statutory and secretarial auditors for a one-year term.
Key resolutions passed
The following resolutions were put to vote and approved by the members present:
| Resolution | Details |
|---|---|
| Financial Statements | Adoption of audited standalone and consolidated financial statements as on March 31, 2026. |
| Director Re-appointment | Appointment of Pradeep Khandagale (DIN: 01124220) who retires by rotation. |
| Independent Director | Appointment of Sheuli Sandeep Mukharjee (DIN: 11862995) as Non-executive Independent Director. |
| Statutory Auditor | Appointment of Jain Jagawat Kamdar & Co., Chartered Accountants for one year. |
| Secretarial Auditor | Appointment of Rohit Periwal & Associates, Practicing Company Secretaries for one year. |
Voting results breakdown
The company utilized remote e-voting facilities provided by National Securities Depository Limited (NSDL) alongside physical voting. The e-voting window opened on September 27, 2026, at 9:00 am and closed on September 29, 2026, at 5:00 pm. Ragini Chokshi & Co., Practicing Company Secretaries, served as the scrutinizer for the voting process.
| Item | Resolution Type | Assent (%) | Dissent (%) |
|---|---|---|---|
| Financial Statements | Ordinary | 99.9993 | 0.0007 |
| Director Re-appointment | Ordinary | 99.9993 | 0.0007 |
| Independent Director | Special | 99.9993 | 0.0007 |
| Statutory Auditor | Ordinary | 99.9993 | 0.0007 |
| Secretarial Auditor | Ordinary | 99.9993 | 0.0007 |
Compliance and certification
The Chairman confirmed that the results of the e-voting were announced upon receipt of the scrutinizer's report and placed on the company's website, NSDL, CDSL, and stock exchanges. Vijaykumar H Modi, Company Secretary and Compliance Officer, certified the proceedings. The cut-off date for deciding voting entitlements was September 16, 2026.
How will the appointment of new independent director Sheuli Sandeep Mukharjee influence Valecha Engineering's strategic direction in the infrastructure sector?
What specific growth opportunities or capital expenditure plans did Chairman Shashikant G. Bhoge outline for the upcoming fiscal year?
How might the transition to Jain Jagawat Kamdar & Co. as statutory auditors impact the transparency and reporting standards of future financial disclosures?
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