Vishal Bearings Limited held its 35th Annual General Meeting on September 19, 2026, with shareholders approving key resolutions. The audited financial statements for the year ended March 31, 2026, were adopted with overwhelming support, and Mr. Divyeshkumar Hiralal Changela was reappointed as a director. Remuneration for the cost auditor was also approved. The meeting was conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
Vishal Bearings Limited Holds 35th AGM
Vishal Bearings Limited conducted its 35th Annual General Meeting (AGM) on Saturday, September 19, 2026. The meeting, held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), saw shareholders participating in voting on several crucial resolutions.
Key Resolutions Approved
Resolution 1: Adoption of Financial Statements
Shareholders overwhelmingly approved the first resolution, which concerned the receiving, consideration, and adoption of the audited standalone financial statements of the company for the financial year ended March 31, 2026. This included the reports of the Board of Directors and Auditors. The resolution passed with 99.9999% of the votes polled in favour.
Resolution 2: Reappointment of Director
The second resolution focused on the appointment of a director in place of Mr. Divyeshkumar Hiralal Changela, who retired by rotation and offered himself for reappointment. This resolution also received strong support, passing with 99.9976% of the votes polled in favour.
Resolution 3: Approval of Cost Auditor Remuneration
The third resolution involved the approval of the remuneration for the company’s cost auditor. This resolution also passed with a significant majority, securing 99.9976% of the votes polled in favour.
Voting Participation and Scrutinizer’s Report
A total of 5,572,052 shareholders on the record date were eligible to vote. The voting results, along with the Consolidated Scrutinizer’s Report on remote e-voting and e-voting conducted at the AGM, have been submitted to the stock exchanges and uploaded on the company’s website. The Scrutinizer’s Report confirms the validity of the votes cast and the outcomes of the resolutions.
Source: BSE
