On September 16, 2025, JMD Ventures Limited successfully conducted its 41st Annual General Meeting (AGM) with full compliance under the Companies Act, 2013 and SEBI’s disclosure norms. The company submitted its Scrutinizer’s Report to the Bombay Stock Exchange (BSE) confirming that all resolutions placed before the shareholders were duly approved.

Appointment of Scrutinizer and Process

The company had appointed Mr. Sanjay Kumar Vyas, a Practicing Company Secretary, as the Scrutinizer to oversee the process of remote e-voting and e-voting during the AGM. His responsibility was to ensure a fair and transparent voting process. The remote e-voting commenced on September 13, 2025 and closed on September 15, 2025, with the facility provided by NSDL (National Securities Depository Limited). Shareholders who had already voted remotely were not permitted to vote again during the AGM.

Key Resolutions Passed

1. Adoption of Financial Statements: The audited financial statements for the year ending March 31, 2025, along with reports of the Board of Directors and Auditors, were unanimously approved.

2. Reappointment of Mr. Kailash Prasad Purohit: The Managing Director, who was retiring by rotation, was reappointed with overwhelming shareholder support.

3. Reappointment of Ms. Sunita Rani Parida: Her appointment as an Independent Director for a second term of five years was approved by shareholders, reinforcing the company’s commitment to independent oversight.

4. Appointment of Secretarial Auditor: The AGM approved the appointment of M/s Sanjay Kumar Vyas as the Secretarial Auditor of the company, further strengthening governance and compliance.

Voting Outcome

The scrutinizer report confirmed that all resolutions received near unanimous approval:

• The resolution for adoption of financial statements received 100% approval with over 80.98 lakh votes in favour.

• The reappointment of Mr. Kailash Prasad Purohit also received 100% favourable votes.

• The reappointment of Ms. Sunita Rani Parida as an Independent Director secured 100% votes in favour from shareholders participating.

• The appointment of the Secretarial Auditor was similarly approved with 100% of valid votes cast in favour.

In each case, the number of votes cast against resolutions was negligible, demonstrating strong shareholder confidence in the board and management.

Importance of the Scrutinizer’s Report

The Scrutinizer’s Report plays a crucial role in corporate governance, as it validates the integrity of the voting process. By ensuring transparency and compliance with Section 108 and 109 of the Companies Act, 2013, as well as relevant MCA circulars, JMD Ventures has reinforced its commitment to accountability and good governance.

Shareholder Engagement and Transparency

The AGM was conducted through a VC/OAVM (Video Conferencing/Other Audio Visual Means) facility as per MCA guidelines, ensuring maximum participation. The company ensured that shareholders had an equal opportunity to cast their votes either through remote e-voting or during the AGM itself.

Conclusion

The successful completion of the 41st AGM of JMD Ventures Limited and the approval of all resolutions highlight the robust governance practices followed by the company. By providing clear disclosures, transparent processes, and ensuring compliance with SEBI and MCA regulations, JMD Ventures has reinforced shareholder trust.

For investors, this report serves as a reminder of the company’s financial stability, governance strength, and commitment to long-term value creation. Moving forward, the company’s emphasis on transparency and compliance is expected to enhance confidence among both retail and institutional investors.

Would you like me to also prepare a summary article on corporate governance trends using this and other AGM reports filed recently, to show how Indian listed companies are strengthening compliance?

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