Event Details
VST Industries Limited held its 95th Annual General Meeting on Wednesday, July 29, 2026, through video conference. The meeting commenced at 10:00 AM IST and concluded at 12:10 PM IST, lasting 2 hours and 10 minutes.
Meeting Proceedings
Mr. Phani Mangipudi, Company Secretary, facilitated shareholder participation. Mr. Naresh Kumar Sethi, Chairman of the Company, chaired the meeting. The requisite quorum was confirmed present. Board members and management team were introduced virtually. The Chairman delivered a speech and addressed questions from speaker shareholders and those received via email.
Voting Arrangements
The company provided electronic voting facilities for all resolutions. Members who had not voted during the e-voting period were given an opportunity to vote at the meeting's conclusion. Mr. B.V. Saravana Kumar, Practicing Company Secretary, was appointed as Scrutinizer to report on voting results.
Auditor Reports
The Statutory Auditors and Secretarial Auditor provided unqualified reports for the financial year ended March 31, 2026.
Business Conducted
Ordinary Business:
- Item 1: Adoption of Audited Financial Statements for FY ended March 31, 2026, and Reports of Board of Directors and Auditors - Passed by Ordinary Resolution
- Item 2: Declaration of dividend of ₹12 per equity share for FY ended March 31, 2026 - Passed by Ordinary Resolution
- Item 3: Re-appointment of Mr. Naresh Kumar Sethi (DIN: 08296486) who retired by rotation - Passed by Ordinary Resolution
- Item 4: Appointment of Price Waterhouse Chartered Accountants LLP (Registration No. 012754N/N500016) as Statutory Auditors - Passed by Ordinary Resolution