Prabha Energy Limited Shareholders Approve All 8 Resolutions at 16th AGM
The successful passing of all resolutions at the AGM, including the adoption of financial statements, director appointments, approval of related party transactions, and disinvestment in a subsidiary, ensures the company can proceed with its operational and strategic plans, reflecting stable governance.
All 8 resolutions proposed at the Annual General Meeting were passed with an overwhelming majority, indicating strong shareholder approval and smooth corporate governance.
Prabha Energy Limited announced the voting results of its 16th Annual General Meeting (AGM) held on Friday, August 08, 2025, through Video Conferencing/Other Audio Video Means. All 8 resolutions proposed at the meeting were passed with an overwhelming majority.
Key resolutions approved include: * Adoption of the audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2025. * Re-appointment of Mr. Shail Manoj Savla (DIN: 08763064) as a director. * Appointment of Mr. Narayanan Sadanandan (DIN: 07263104) as a Non-Executive Independent Director. * Approval of material related party transaction(s) proposed to be entered by the company. * Approval of revision of perquisite to be paid to Mr. Shail Manoj Savla, Managing Director. * Re-appointment of Mr. Vishal Gautambhai Palkhiwala (DIN: 09695011) as a Director. * Approval of disinvestment in a subsidiary company. * Appointment of M/s RPSS & Co., Practicing Company Secretaries, as the Secretarial Auditors and fixing their remuneration.
For most resolutions, the percentage of votes in favour was close to 100%. For instance, the adoption of financial statements received 99.9999% votes in favour from the total votes polled. The resolution to approve material related party transactions received 99.1723% votes in favour from the total votes polled, excluding promoter group votes where applicable.
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