All 8 Resolutions Passed at 64th AGM, Including Sale of Business Undertaking

At the 64th AGM held on 28-09-2026, shareholders approved all 8 resolutions with requisite majority.

Tue 29 Sep 2026

AGM Date

28-09-2026

Total Resolutions Passed

8

Item 8 Votes in Favour

25,79,626 (99.989%)

Item 8 Votes Against

279 (0.011%)

Key Approval

Sale, transfer and disposal of business undertaking under Section 180(1)(a)

What was decided

At the 64th Annual General Meeting held on 28-09-2026, shareholders of GTN Industries approved all 8 resolutions with requisite majority, based on the scrutinizer's report by DVM & Associates LLP. Remote e-voting ran from 25 September 2026 to 27 September 2026, with physical ballot voting at the meeting.

Resolutions passed

• Adoption of audited financial statements and reports of the Board and Auditors (Ordinary)
• Re-appointment of Shri C. George Joseph, retiring by rotation (Ordinary)
• Adoption of a new set of Memorandum of Association (Special)
• Adoption of a new set of Articles of Association (Special)
• Ratification of remuneration of Cost Auditors NSV Krishna Rao & Co. (Ordinary)
• Authorisation to the Board for investments, loans, guarantees and securities under Section 186 (Special)
• Approval of material related party transactions with GTN Engineering (India) Limited (Ordinary)
• Approval for sale, transfer and disposal of business undertaking under Section 180(1)(a) and Regulation 37A (Special)

Voting numbers

• Items 1 to 6: total valid votes 1,56,18,733; most items saw 1,56,18,504 votes in favour (99.999%) against 229 (0.001%).
• Item 2 (director re-appointment): 1,56,18,454 in favour (99.998%) versus 279 against (0.002%).
• Item 7 (related party transactions): valid votes 25,79,905, with 25,79,676 in favour (99.991%) and 229 against (0.009%). Related parties abstain from voting on such items, which is why the vote base is smaller.
• Item 8 (sale of business undertaking): 25,79,626 in favour (99.989%) and 279 against (0.011%).

Participation

The company had 14014 shareholders on the record date. Attending the meeting were 4 promoter/promoter group persons, 42 public shareholders in person and 20 proxies. 108 members responded on items 1 to 6 and 104 on items 7 and 8.

What investors may note

Two items carry business significance: the shareholder nod for material related party transactions with GTN Engineering (India) Limited, and the special resolution enabling sale, transfer and disposal of a business undertaking. Both were passed by the minority public shareholders' vote base with near-unanimous support. Any actual transaction details would follow in separate disclosures.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.