Futura Polyesters Limited held its 62nd Annual General Meeting (AGM) on Friday, 29th May, 2026 at 12:45 PM IST through video conferencing (VC) in compliance with MCA and SEBI circulars. The meeting was chaired by Mr. Shyam B. Ghia, Chairman & Managing Director.
Meeting Proceedings
The AGM achieved quorum with 33 members attending through VC. The Chairman introduced the Directors, Chief Financial Officer, and representatives of Statutory Auditors, Secretarial Auditor, and Scrutinizer. The Notice of the AGM dated 6th April, 2026 was taken as read.
Members were informed about qualifications/adverse remarks in the Statutory Auditors' and Secretarial Auditor's reports, with responses provided in the Directors' Report. Registers and documents required under the Companies Act, 2013 were available for electronic inspection.
Shareholder Ms. Lekha Shah raised queries during the meeting, which were responded to by the Chairman. The e-voting facility remained open for 15 minutes post-meeting conclusion at 12:54 PM IST for members who hadn't yet voted.
Voting Results
All three resolutions proposed in the AGM notice were passed unanimously with 100% votes in favor:
1. Ordinary Resolution: Adoption of audited financial statements for the year ended 31st March, 2023 along with Directors' and Auditors' reports
- Votes in favor: 23,391,649 (100%)
- Votes against: 0
- Invalid/Abstained: 0
2. Special Resolution: Re-appointment of Mr. Shyam B. Ghia (DIN: 00005264) as Managing Director
- Votes in favor: 23,391,649 (100%)
- Votes against: 0
- Invalid/Abstained: 0
3. Special Resolution: Re-appointment of Mr. Mukund Dharamdas Dalal (DIN: 00005275) as Joint Managing Director
- Votes in favor: 23,391,649 (100%)
- Votes against: 0
- Invalid/Abstained: 0
Scrutinizer's Report
Martinho Ferrao, Practicing Company Secretary (CP No.: 5676, Membership No.: 6221), was appointed as Scrutinizer. The e-voting facility was provided by Central Depository Services (India) Limited (CDSL).
Remote e-voting was conducted from Tuesday, 26th May 2026 (09:00 AM) to Thursday, 28th May 2026 (05:00 PM). The cut-off date for determining voting eligibility was Friday, 22nd May 2026. A public advertisement for the AGM was published on 9th May 2026 in Free Press Journal (English) and Navshakti (Marathi).
21 shareholders participated in remote e-voting, casting 23,391,649 votes. No shareholders voted through e-voting during the AGM. All votes were valid with no abstentions.
The scrutinizer confirmed that all resolutions passed with requisite majority as per legal requirements. Electronic voting records will be handed over to the company for preservation after the Chairman approves and signs the meeting minutes.