Venlon Enterprises Limited shareholders overwhelmingly approved the company’s financial statements for FY26 and key governance resolutions at its 42nd Annual General Meeting held on September 18, 2026. The scrutinizer report confirms that all six agenda items were passed via remote e-voting.

Chairman C.D. Datwani presided over the meeting, which began at 4:00 pm and concluded at 4:55 pm. Remote e-voting was open from September 15 to September 17, 2026. While ballot papers were available at the venue in Mysuru, no physical votes were cast. S.J. Madhwaraj, Advocate, served as the scrutinizer for the process.

Voting Results Overview

The total number of shareholders on the record date of September 11, 2026, was 5,757. Of these, 15 shareholders participated in the voting process (2 promoters and 13 public shareholders). All resolutions received substantial support, with minimal dissent recorded only in specific related-party transaction approvals.

Key Resolutions Approved

Shareholders approved several ordinary and special resolutions during the AGM. The primary agenda items included:

• Adoption of the audited Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement as at March 31, 2026.
• Reappointment of Chand Daulat Datwani (DIN: 00355181) as a director, who retires by rotation under Section 152(6) of the Companies Act, 2013.
• Approval for related party transactions with Dechem Resins Limited, Krishna Enterprises Limited, and Father & Son Investment Private Limited.
• Authorization for the sale of company assets pursuant to Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The promoter group, holding 31,541,910 shares, did not cast any votes. All valid votes came from public non-institutional shareholders, who hold 20,688,744 shares. The high participation rate among public voters (75.47% of their holdings) underscores strong engagement on core governance matters.

The meeting concluded with the Chairman thanking members, the Board of Directors, and auditors for their support.

Venlon Enterprises has accepted the resignation of Mr. Mysuru Devaraju Dhanush from the position of Independent Director, effective September 19, 2026.

The company disclosed in a filing with the Bombay Stock Exchange that Mr. Dhanush submitted his resignation letter on September 18, 2026. The departure stems from the expiry of his registration with the Institute of Directors Development Bureau (IDDB) this year, rendering him ineligible to continue in the role. He also cited other personal commitments as a factor.

Resignation Details

Mr. Dhanush stepped down not only from the board but also from various committees of the company. The filing confirms there are no other material reasons for his resignation.

Key details regarding the change in directorship are outlined below:

Mr. Dhanush does not hold directorships on the board of any other listed entity and therefore does not hold membership of any board committee of a listed entity outside Venlon Enterprises. The company stated it has received a confirmation from Mr. Dhanush that there are no undisclosed material reasons for his exit.

The resignation was accepted by the Board of Directors, with C.D. Datwani, Chairman and Managing Director, signing off on the acceptance. Gargeshwari Dhruvarao Rama Rao, Company Secretary, certified the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.