ESEastern Silk Industries590022AGM

Scrutinizer's Report: All 80th AGM Resolutions Passed, Including Corporate Guarantee for Bauman Dekor

Eastern Silk's 80th AGM was held on 26 September 2026 via VC/OAVM.

By ScoutQuest · Mon 28 Sep 2026, 2:49 PM IST · 2 min read

AGM Date

26 September 2026

Voting in Favour

43 members holding 4599919 shares (99.99%)

Voting Against

05 members holding 12 shares (0.01%)

NRI/OCI Limit Increase

Raised from 10% to 24% of paid-up capital

Auditor Change

M/s. Vyas and Vyas appointed to fill casual vacancy caused by resignation of M/s. B K Shroff & Co.

What was shared

Eastern Silk Industries submitted the consolidated scrutinizer's report on e-voting for its 80th Annual General Meeting, held on 26 September 2026 at 01.00 p.m. through VC/OAVM. The scrutinizer was Gaurav Arora, Practicing Company Secretary.

Voting process

• E-voting was provided through NSDL.
• Cut-off date for eligibility: 20 September 2026.
• E-voting ran from 21 September 2026 (9.00 a.m.) to 25 September 2026 (5:00 p.m.).
• Notice dispatch was completed on 01.09.2026 and advertised in one English and one regional language newspaper.
• Quorum of 31 Members was present; votes were unblocked after the meeting in the presence of two witnesses.

Voting pattern

For the reported items, the pattern was identical: 43 members holding 4599919 shares voted in favour (99.99%), and 05 members holding 12 shares voted against (0.01%). No physical votes and no invalid votes were recorded, out of 4599931 valid votes cast via e-voting.

Resolutions passed

• Item 1: Adoption of audited standalone financial statements for the year ended March 31, 2026, with Board and Auditors' reports (Ordinary).
• Item 2: Re-appointment of Mr. Ramesh Chandragiri Reddappa, retiring by rotation (Ordinary).
• Item 3: Appointment of statutory auditors from this AGM until the conclusion of the 85th AGM and fixing remuneration (Ordinary).
• Item 4: Appointment of M/s. Vyas and Vyas, Chartered Accountants, as statutory auditors to fill the casual vacancy caused by the resignation of M/s. B K Shroff & Co. (Ordinary).
• Item 5: Material related party transaction — providing a corporate guarantee for credit facilities availed by Bauman Dekor Private Limited and creating mortgage/pledge/hypothecation/charge on movable/immovable properties of the Company for those facilities (Special).
• Item 6: Increase in investment limits for NRIs and OCIs from 10% to 24% of paid-up capital (Special).
• Item 7: Enhancement in limits of investments/loans/guarantees/securities under Section 186 of the Companies Act, 2013 (Special).

Related party item explained

Because Item 5 was a material related party transaction, promoter and promoter group votes were treated as ineligible. 44,99,994 votes held by related parties were excluded, leaving 99,925 votes as the valid base. The requisite majority of approximately 99.98% was achieved and the special resolution was declared duly passed.

What it means for investors

The report confirms shareholder approval of the AGM agenda, including the auditor change and the support extended to Bauman Dekor Private Limited through a corporate guarantee and a charge on company properties. Such support arrangements create contingent obligations for the company, which shareholders may wish to track in future disclosures.

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