Voting results of the 32nd Annual General Meeting of M/s. Adhata Global Limited along with the Scrutinizer''s Report.
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Adhata Global Limited (formerly M V Cotspin Limited, BSE scrip 531286) held its 32nd AGM on 14th July 2025 from 11:00 AM to 1:40 PM, with 34 shareholders present in person or by proxy out of 682 total shareholders on the record date (7 July 2025). All 6 resolutions were passed, including adoption of the audited financial statements for FY25, reappointment of Mr. Vivek Agarwala as a retiring director, appointment of C.K. Chandak & Co. as statutory auditors, and appointment of Mr. Ravikesh Kumar Sinha as a non-executive independent director. Two key resolutions — approval of material related party transactions with promoter company M.V Credit Capital Private Limited and issuance of convertible warrants on a preferential basis — were passed with 100% in favour, though the promoter group (3,536,625 shares) abstained from voting on these two items, leaving only public non-institutions (25,478 shares, ~0.54% turnout) to decide. Total shareholder turnout on ordinary resolutions was around 71.5% of outstanding shares (4,715,500).
Routine corporate housekeeping was completed with full shareholder support, but the preferential convertible warrant issuance and related party transaction with the promoter group are material items that may lead to equity dilution and warrant monitoring going forward. The very low public turnout (under 1%) on the warrant and RPT resolutions means these outcomes were effectively decided by a small base of non-promoter votes.