Prajay Engineers Syndicate Limited: AGM Voting Results Approved
Prajay Engineers Syndicate Limited's 32nd AGM, held on 29 September 2026, saw all resolutions pass with high shareholder approval. Key approvals included adopting FY26 financial statements, re-appointing a director, appointing statutory and secretarial auditors for 5-year terms, and approving related party transactions.
The approval of financial statements, director re-appointment, auditor appointments, and related party transactions are routine corporate actions that are important for governance but do not represent a significant strategic shift or immediate financial impact.
All resolutions were passed with a very high percentage of votes in favour, indicating strong shareholder confidence and support.
Prajay Engineers Syndicate Limited has submitted the voting results of its 32nd Annual General Meeting (AGM), held on Tuesday, 29 September 2026, along with the Scrutinizer's Report. All resolutions presented at the AGM were passed with overwhelming support from shareholders.
The first ordinary resolution, to consider and adopt the Audited Standalone and Consolidated Financial Statements for the Financial Year ended 31st March 2026, received 99.99% of the votes in favour. The second special resolution, for the re-appointment of Mr. Ravi Kumar Kutikalapudi as a director retiring by rotation, also passed with 99.99% of the votes in favour.
Furthermore, the ordinary resolutions for the appointment of M/s. R B Associates as Statutory Auditors for a term of 5 years and M/s. G P Reddy & Associates as Secretarial Auditors for a period of 5 financial years (FY 2026-27 to FY 2030-31) were approved with 99.99% and 99.99% of votes in favour, respectively. The fifth ordinary resolution, to approve Related Party Transactions for the financial year 2025-26 with various associated entities, was also passed with 99.39% of votes in favour.
The AGM was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM), with the remote e-voting period from 26th September 2026 to 28th September 2026, and e-voting conducted during the AGM. The cut-off date for determining voting entitlement was 22nd September 2026.
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Prajay Engineers Syndicate Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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