AGM Details

  • Meeting Date: Thursday, July 23, 2026
  • Time: 11:00 a.m. to 11:45 a.m.
  • Location: Registered office at 392, E Ward, Shahupuri, Kolhapur-416001, held through Video Conference
  • Voting Mode: E-voting conducted at the Annual General Meeting

Resolution Details and Voting Results

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Business
  • Description: To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements for the financial year ended March 31, 2026 together with the Board's Report and Auditors' Report
  • Promoter Interest: No
  • Voting Results:
  • Promoter & Promoter Group: 9,861,355 votes in favor (100%), 0 against
  • Public Institutions: 269,295 votes in favor (100%), 0 against
  • Public Non-Institutions: 39,141 votes in favor (99.99%), 2 against (0.01%)
  • Total: 10,169,791 votes in favor (100%), 2 against (0.00%)

Resolution 2: Director Re-appointment

  • Type: Ordinary Business
  • Description: To appoint a director in place of Mr. Niraj S. Shirgaokar (DIN:00254525), who retires by rotation and offers himself for re-appointment
  • Promoter Interest: Yes (director is interested in his own reappointment)
  • Voting Results:
  • Promoter & Promoter Group: 9,861,355 votes in favor (100%), 0 against
  • Public Institutions: 269,295 votes in favor (100%), 0 against
  • Public Non-Institutions: 39,141 votes in favor (99.99%), 2 against (0.01%)
  • Total: 10,169,791 votes in favor (100%), 2 against (0.00%)

Resolution 3: Preference Dividend Declaration

  • Type: Ordinary Business
  • Description: To declare a Dividend on 10% Redeemable Cumulative Preference shares for the financial year ended March 31, 2026
  • Promoter Interest: Yes
  • Voting Results:
  • Promoter & Promoter Group: 9,861,355 votes in favor (100%), 0 against
  • Public Institutions: 269,295 votes in favor (100%), 0 against
  • Public Non-Institutions: 39,141 votes in favor (99.99%), 2 against (0.01%)
  • Total: 10,169,791 votes in favor (100%), 2 against (0.00%)

Resolution 4: Statutory Auditor Appointment

  • Type: Ordinary Business
  • Description: To appoint statutory Auditors M/s P. G. Bhagwat LLP, Chartered Accountants (FRN:101118W/W100682) in place of retiring Auditors M/s. D A B And Associates, Chartered Accountants for a 5-year term until the 2031 AGM
  • Promoter Interest: No
  • Voting Results:
  • Promoter & Promoter Group: 9,861,355 votes in favor (100%), 0 against
  • Public Institutions: 269,295 votes in favor (100%), 0 against
  • Public Non-Institutions: 39,141 votes in favor (99.99%), 2 against (0.01%)
  • Total: 10,169,791 votes in favor (100%), 2 against (0.00%)

Resolution 5: Independent Director Continuation

  • Type: Special Business
  • Description: To approve continuation of Mr. Subhash G. Kutte (DIN:00233322) as an Independent Director under Regulation 17(1A) of SEBI (LODR) Regulations 2015 who will attain age of 75 years, until his current tenure ending January 07, 2029
  • Promoter Interest: No
  • Voting Results:
  • Promoter & Promoter Group: 9,861,355 votes in favor (100%), 0 against
  • Public Institutions: 269,295 votes in favor (100%), 0 against
  • Public Non-Institutions: 39,141 votes in favor (99.99%), 2 against (0.01%)
  • Total: 10,169,791 votes in favor (100%), 2 against (0.00%)

Resolution 6: Borrowing Limit Increase

  • Type: Special Business
  • Description: To increase Borrowing Limits under Sections 180(1)(c) and 180(1)(a) of the Companies Act 2013 from ₹200.00 Crores to ₹250.00 Crores, and to create mortgages/charges on company properties to secure facilities
  • Promoter Interest: No
  • Voting Results:
  • Promoter & Promoter Group: 9,861,355 votes in favor (100%), 0 against
  • Public Institutions: 269,295 votes in favor (100%), 0 against
  • Public Non-Institutions: 39,141 votes in favor (99.99%), 2 against (0.01%)
  • Total: 10,169,791 votes in favor (100%), 2 against (0.00%)

Resolution 7: Cost Auditor Remuneration Ratification

  • Type: Ordinary Business
  • Description: To ratify remuneration of ₹2,50,000 plus applicable taxes and expenses payable to M/s. Dhananjay V. Joshi & Associates, Cost Accountants (Firm Registration No.000030) for conducting cost audit for FY2026-27
  • Promoter Interest: No
  • Voting Results:
  • Promoter & Promoter Group: 9,861,355 votes in favor (100%), 0 against
  • Public Institutions: 269,295 votes in favor (100%), 0 against
  • Public Non-Institutions: 39,141 votes in favor (99.99%), 2 against (0.01%)
  • Total: 10,169,791 votes in favor (100%), 2 against (0.00%)

Resolution 8: Member Deposits Acceptance

  • Type: Ordinary Business
  • Description: To accept/renew unsecured deposits from members under Section 73 of the Companies Act 2013 within prescribed limits of aggregate paid-up capital and free reserves
  • Promoter Interest: No
  • Voting Results:
  • Promoter & Promoter Group: 9,861,355 votes in favor (100%), 0 against
  • Public Institutions: 269,295 votes in favor (100%), 0 against
  • Public Non-Institutions: 39,141 votes in favor (99.99%), 2 against (0.01%)
  • Total: 10,169,791 votes in favor (100%), 2 against (0.00%)

Shareholding and Voting Participation

  • Total Outstanding Shares: 15,543,000
  • Total Votes Polled: 10,169,793 (65.43% participation)
  • Promoter & Promoter Group Shares: 10,802,255 (69.50% of total)
  • Public Institutions Shares: 309,745 (1.99% of total)
  • Public Non-Institutions Shares: 4,431,000 (28.51% of total)

Scrutinizer Appointment and Process

  • Scrutinizer: Devendra V. Deshpande, Proprietor of DVD & Associates, Company Secretaries (FCS 6099, CP 6515)
  • Appointment Date: May 19, 2026
  • Remote E-voting Period: July 20, 2026 (9:00 AM IST) to July 22, 2026 (5:00 PM IST)
  • E-voting Platform: National Securities Depository Limited (NSDL) at https://www.evoting.nsdl.com
  • Scrutinization Completed: July 25, 2026 in Pune

Authorization Details

Mr. Sachin R. Shirgaokar (Chairman & Managing Director), Mr. Sohan S. Shirgaokar (Non-Executive Director), and Mr. Nilesh M. Mankar (Company Secretary) were authorized to implement the resolutions.

Result Declaration

All eight resolutions were declared passed:

  • Resolutions 1, 2, 3, 4, 7, and 8 passed as Ordinary Resolutions
  • Resolutions 5 and 6 passed as Special Resolutions

#Tags: #SynergyGreenIndustries #AGM #VotingResults #SEBIDisclosure #RegulatoryCompliance #CorporateGovernance #Neutral