WPIL Limited concludes 72nd AGM with shareholder vote
WPIL Limited held its 72nd AGM on August 7, 2026, via video conferencing. Chaired by Managing Director Prakash Agarwal, the meeting was attended by 65 shareholders. All business was transacted, including e-voting on resolutions, with results to be filed with BSE within 48 hours.
*this image is generated using AI for illustrative purposes only.
WPIL Limited concluded its 72nd Annual General Meeting (AGM) on August 07, 2026, via video conferencing, marking the completion of its annual statutory proceedings with shareholders. The meeting, conducted from the company’s registered office in Kolkata, saw participation from 65 shareholders, ensuring a quorum was present to transact business under the Companies Act, 2013. This gathering provided shareholders with an opportunity to review the company’s operational status, business environment, and future outlook as presented by the Board.
The meeting commenced at 11:00 AM and concluded at 11:42 AM, chaired by Prakash Agarwal, Managing Director. In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30(6), the proceedings were documented and submitted to BSE Limited. The format adhered to Ministry of Corporate Affairs guidelines, which mandated a virtual-only setup with no physical venue or proxy voting available.
Attendees and Quorum
The Board of Directors present included Prakash Agarwal (Managing Director), K.K. Ganeriwala (Executive Director), Brahma Prakash Khare (Executive Director, Operations), Debraj Roy (Executive Director, Project), Anjan Dasgupta (Director), Samarpita Bose (Director), and Ashok Kumar Pradhan (Director).
Shareholder attendance was recorded as follows:
| Shareholder Category | Number of Participants |
|---|---|
| Promoters and Promoters Group | 9 |
| Public | 56 |
| Total | 65 |
Prakash Agarwal declared the requisite quorum present pursuant to Article 88 of the Articles of Association, officially opening the meeting. He welcomed members and introduced the directors present, confirming that the notice and Directors’ Report had been circulated and taken as read.
Proceedings and Compliance
During the session, the Chairman apprised members of the company’s operational status and business environment, addressing queries related to audited financial statements and other corporate affairs. In compliance with Section 145 of the Companies Act, 2013, the Auditor’s Report was taken as read with member consent. Additionally, the Register of Directors and Key Managerial Personnel (Section 170(1)) and the Register of Contracts or Arrangements (Section 189) were made digitally available for inspection throughout the meeting duration.
Resolutions set out in the AGM notice were put to e-voting. The Chairman clarified that e-voting would occur for 15 minutes post-meeting, restricted to members who had not already cast votes via remote e-voting. Results were to be declared immediately upon receipt of the Scrutinizer’s Report and published on the company’s website and NSDL platform. The final results were scheduled for submission to BSE Limited within 48 hours of the AGM’s conclusion, as stipulated by Regulation 44 of the SEBI LODR Regulations, 2015.
Historical Stock Returns for WPIL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.97% | -0.14% | -10.66% | +1.46% | +1.46% | +1.46% |
How might the continued reliance on virtual-only AGMs impact shareholder engagement and voting participation rates for WPIL Limited in future fiscal years?
What specific operational challenges or market opportunities did the Board highlight during the review of the business environment that could influence WPIL's short-term strategic direction?
Will the company consider revising its Articles of Association to allow for hybrid or physical meeting options post-pandemic regulations, and what would be the implications for investor accessibility?
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