Futura Polyesters Limited held its 2nd Extraordinary General Meeting (EGM) for the financial year 2026-2027 on Monday, 26 October 2026 at 11:20 hours IST via two-way Video Conferencing (VC). The meeting was originally scheduled for 11:00 AM but was delayed due to technical issues.

The meeting was chaired by Mr. Shyam B. Ghia, Chairman & Managing Director (DIN: 00005264), and was conducted in accordance with relevant circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI. The proceedings were video recorded, and 32 members attended the meeting through VC.

The sole agenda item was the "Appointment of Statutory Auditors due to the expiration of the term of the previous Statutory Auditors." The company proposed to appoint M/s. S. Somani & Associates, Chartered Accountants, Mumbai (Firm Registration No. 135797W) as the Statutory Auditors for a period of five consecutive financial years commencing from FY 2025-26 until the conclusion of the Annual General Meeting to be held in FY 2029-30.

Voting was conducted through electronic means provided by Central Depository Services (India) Limited (CDSL). Remote e-voting was available from Friday, 23 October 2026 at 09:00 AM to Sunday, 25 October 2026 at 05:00 PM. Electronic voting during the EGM was kept open for 15 minutes after the meeting concluded, though no shareholders voted during this period.

Mr. Martinho Ferrao, Practicing Company Secretary (CP No.: 5676, Membership No.: 6221), was appointed as the Scrutinizer for the e-voting process. The cut-off date for determining voting eligibility was Monday, 19 October 2026.

Voting Results

The Ordinary Resolution for the appointment of statutory auditors was passed unanimously with the following results:

  • Total votes cast: 23,427,662 shares
  • Votes in favor: 23,427,662 shares (100%)
  • Votes against: 0 shares
  • Invalid votes: 0
  • Abstentions: 0

Voting was conducted entirely through remote e-voting by 14 members. No votes were cast during the EGM electronic voting session.

The resolution was declared passed unanimously based on the consolidated scrutinizer's report dated 26 October 2026. The company complied with SEBI Listing Regulations (Regulation 30) and Companies Act, 2013 requirements for the disclosure.

Additional Information

The public advertisement for the EGM was published on 5 October 2026 in English (Free Press Journal) and Marathi (Navshakti) newspapers. All required registers and documents were available for electronic inspection by members.

The scrutinizer's report and related electronic voting records will be handed over to the company for preservation after the chairman approves and signs the meeting minutes.