Submission of Voting Results along with Scrutinizer''s Report for Remote E-voting and E-voting for 39th Annual General Meeting of the Company held on Tuesday September 30, 2025 at 11:30 ....
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Ad-Manum Finance Ltd conducted its 39th AGM on September 30, 2025 via video conferencing and concluded all 7 resolutions successfully. Three ordinary resolutions (adoption of FY25 audited financial statements, re-appointment of Mr. Sanjeev Sharma as director retiring by rotation, and appointment of M/s D.K. Jain & Co. as Secretarial Auditor) were passed unanimously with 100% votes in favor. Three special resolutions covering revision in remuneration for Mr. Dharmendra Agrawal (CEO) and Mr. Sanjeev Sharma (Whole-Time Director), along with a waiver for recovery of excess managerial remuneration paid to Mr. Agrawal, were passed with requisite majority (97.82% in favor, 2.18% against). The seventh resolution approving related party transactions under SEBI LODR Regulation 23 was also passed unanimously, with the promoter group abstaining as interested parties. Total voting turnout was 66.97% of outstanding equity shares (50.22 lakh out of 75 lakh shares).
Shareholders have approved an increase in remuneration for both the CEO and Whole-Time Director and waived recovery of past excess remuneration paid to the CEO, which slightly increases the company's management cost going forward. Despite minor dissent (2.18%) from public non-institutional shareholders on the remuneration and waiver resolutions, all key items passed cleanly with no meaningful governance roadblock, signaling stable shareholder support.