Pil Italica Lifestyle Ltd Holds 34th AGM; Key Resolutions Passed by Shareholders
Pil Italica Lifestyle Limited conducted its 34th Annual General Meeting (AGM) on June 19, 2026. The meeting was held through Video Conferencing (VC)/Other Audio Visual Means (OAVM) and physically at the company's Registered Office in Udaipur. The AGM saw the successful transacting of business set out in the notice, which included reviewing financial performance and voting on director appointments.The meeting, conducted between 11:00 AM and 12:05 PM, reported that the voting rights were recorded as of June 12, 2026. A total of 51,292 shareholders were on record. Among those who attended via VC/OAVM were two promoters from the promoter group and 50 members of the public. Five resolutions were passed during the AGM.
Scrutinizer Report Details
The voting process was scrutinised by Ashok Modi of AMODI&CO, Chartered Accountants. The scrutiny covered the conduct of the e-voting and the voting carried out at the AGM itself. According to the scrutiniser's report issued on June 19, 2026, the company’s management bore responsibility for compliance with the provisions of the Companies Act, 2013, regarding shareholder voting procedures.Voting Results Summary
The outcomes of the resolutions proposed in the notice of the 34th AGM are summarized below:| Resolution Focus | Total Members Voted | Shares Cast (Favour) | Percentage of Valid Votes Cast |
|---|---|---|---|
| Adoption of Financial Statements and Reports | 92 | 129,784,156 | 100% |
| Appointment of Director (replacing Mr. Narendra Bhanawat) | 1 | 1,000 | 100% |
| Re-appointment of Mr. Narendra Bhanawat (Whole Time Director) | 129,783,756 | 100% | |
| Appointment of Mr. Daud Ali (Managing Director) | 90 | 129,467,706 | |
| Appointment of Mr. Himanshu Surendra Kumar Gupta (Independent Director) | 91 | 129,780,656 | 100% |
Detailed Outcomes by Resolution
Approval of Financial Statements: Shareholders voted in favour of the resolution to receive, consider, and adopt the Balance Sheet as at March 31, 2026, Statement of Profit and Loss Account for the year ended on that date, the Report of Directors, and Auditor’s thereon. Out of 92 members who voted, all cast their votes in favour (129,784,156 shares). One member voted against the resolution.Director Appointments:
The resolution to appoint a Director in place of Mr. Narendra Bhanawat saw one member vote in favour and subsequently passed by the sole voter. The re-appointment of Mr. Narendra Bhanawat as a Whole Time Director received 129,783,756 shares cast in favour from members who voted.
The resolution to appoint Mr. Daud Ali (DIN:00185336) as Managing Director resulted in 90 members voting in favour, with votes amounting to 129,467,706 shares. Two members voted against this resolution.
Similarly, the appointment of Mr. Himanshu Surendra Kumar Gupta (DIN:09607045) as an Independent Director saw 91 members vote in favour with 129,780,656 shares cast, achieving a 100% result among those who voted. Two members cast votes against this resolution.
Stock Price Movement
Shares settled at ₹8.02 in post-market trading, reflecting a decline of 0.50%. The equity fluctuated throughout the day within an intraday range that stretched from a low of ₹7.95 to a high of ₹8.20.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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