Voting results and Scrutinizer''s report under Regulation 44 of the SEBI Listing regulations of 39th AGM of the Company
ABANSENT · price
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Abans Enterprises held its 39th AGM on July 28, 2025, via video conferencing, where all 7 resolutions were passed with the requisite majority. The resolutions included adoption of FY25 standalone and consolidated financial statements, reappointment of Ms. Shardul Chaturvedi as Director (retiring by rotation), appointment of Statutory and Secretarial Auditors for a 5-year term, elevation of Mr. Anurag Kanwatia (currently CFO) to Executive Director, and approval to raise funds via issuance of debt securities on a private placement basis. Out of 3,425 shareholders on the record date (July 21, 2025), only 33 attended the AGM through video conferencing (1 promoter, 32 public). Voting was overwhelmingly in favor — 52,004,833 votes (99.9998%) backed every resolution, with only 110 votes (0.0002%) cast against. The promoter group, holding 52,003,960 shares, voted 100% in favor of all resolutions.
Shareholders have cleared the way for management to appoint Mr. Kanwatia as Executive Director and to raise debt capital privately, giving the company flexibility to fund growth or refinance. The near-unanimous voting reflects strong promoter alignment, though very low public participation (33 of 3,425 shareholders) signals limited retail engagement in AGM matters.