Submission of Outcome of the 39th Annual General Meeting of the Company held on Tuesday, September 30, 2025 at 11:30 A.M. through VC/OAVM mode
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ad-Manum Finance Ltd held its 39th AGM on September 30, 2025 via video conferencing, where shareholders approved all 7 resolutions. These included adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Mr. Sanjeev Sharma as a director via rotation, and appointment of M/s D.K. Jain & Co. as the new Secretarial Auditor. Three special resolutions also passed: revision in remuneration for Whole-Time Director & CEO Mr. Dharmendra Agrawal and Whole-Time Director Mr. Sanjeev Sharma, along with a waiver for recovery of excess managerial remuneration already paid to Mr. Agrawal. Approval was also granted for related party transactions under SEBI LODR Regulation 23. The four ordinary resolutions passed with unanimous consent, while the three special resolutions passed with the requisite majority.
The waiver of excess managerial remuneration and the revision in pay for the top two executive directors (CEO and Whole-Time Director) are noteworthy — shareholders have formally endorsed higher pay for promoters/executives and forgiven any earlier excess payout, which is a governance signal. Related party transactions were also regularised, meaning the company conducts business with related entities and shareholders have approved continued dealings.