Meeting Details
The 43rd Annual General Meeting of Kanani Industries Limited was held on Monday, September 28, 2026, at 11:00 AM IST through Video Conferencing (VC)/Other Audio Video Means (OAVM). The cutoff date for determining voting rights was September 20, 2026.
Proposed Resolutions and Implications
Five ordinary resolutions were put to vote:
1. Item No. 01: To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon.
2. Item No. 02: To appoint a Director in place of Mr. Premjibhai Kanani (DIN: 01567443), who retires by rotation and being eligible, offers himself for reappointment.
3. Item No. 03: Re-appointment of Mr. Premjibhai Kanani (DIN: 01567443) as the Whole time Director.
4. Item No. 04: Re-appointment of Mr. Harshil Kanani [DIN: 01568262] as the Managing Director.
5. Item No. 05: To approve continuation of directorship of the existing director serving on the board of the company for five years or more under regulation 17(1D) of SEBI LODR Regulations.
Voting Process and Methods
The company provided remote e-voting and e-voting facility during the AGM. The remote e-voting period commenced on Friday, September 25, 2026 at 9:00 AM and closed on Sunday, September 27, 2026 at 5:00 PM. The company availed the e-Voting facility offered by M/s. MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) through their instavote platform.
Key Voting Outcomes
Overall Participation
- Total votes cast across all resolutions: Approximately 67.3 million shares
- Percentage of outstanding shares voted: 34.02%
Resolution-wise Results:
Item No. 01 - Adoption of Financial Statements
- Votes in favor: 66,889,215 (99.37%)
- Votes against: 427,217 (0.63%)
- Members voted: 65
Item No. 02 - Reappointment of Premjibhai Kanani (Retiring Director)
- Votes in favor: 66,888,195 (99.36%)
- Votes against: 428,227 (0.64%)
- Members voted: 63
Item No. 03 - Reappointment of Premjibhai Kanani (Whole-time Director)
- Votes in favor: 66,887,993 (99.36%)
- Votes against: 428,429 (0.64%)
- Members voted: 60
Item No. 04 - Reappointment of Harshil Kanani (Managing Director)
- Votes in favor: 66,888,095 (99.36%)
- Votes against: 428,327 (0.64%)
- Members voted: 62
Item No. 05 - SEBI LODR Regulation 17(1D) Compliance
- Votes in favor: 66,889,096 (99.37%)
- Votes against: 427,326 (0.63%)
- Members voted: 63
Shareholder Category Breakdown:
The voting results show participation from:
- Promoter and Promoter Group: 66,854,954 shares voted (100% of their holding)
- Public Institutions: Minimal to no participation
- Public Non-Institutions: 461,468 shares voted (0.35% of their holding)
Scrutinizer's Role and Findings
M/s. Deep Shukla & Associates, Practicing Company Secretaries, was appointed as the scrutinizer for the remote e-voting and e-voting facility at the AGM. The scrutinizer, Deep Shukla (FCS:5652; CP:5364), certified that:
- All resolutions secured the requisite majority of votes
- No invalid votes were cast in any resolution
- The voting process was conducted properly through the MUFG Intime India Private Limited platform
Compliance Confirmation
The document confirms compliance with:
- Section 108 of the Companies Act, 2013
- Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015