Voting Results of 40th Annual General Meeting Along with Scrutinizers Report.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Advik Capital held its 40th AGM on September 26, 2025 via video conferencing, where 9 resolutions were put to vote. Only 45 public shareholders attended through VC out of 1,46,782 total shareholders, and only about 20.45% of total shares were polled. Promoters (holding ~13.69 crore shares, 22.49% stake) voted 100% in favour of all resolutions, but public non-institutional shareholders overwhelmingly voted against (~97.2% against on each resolution). As a result, only ~59.81% votes were cast in favour of each resolution. The two ordinary resolutions (adoption of FY25 audited accounts and reappointment of director Pankaj) and the resolution appointing the secretarial auditor passed. All six special resolutions were marked as 'Not Passed' in the voting result tables because they fell short of the 75% majority required under the Companies Act for special business.
Despite the scrutinizer's textual summary stating that all resolutions were passed, the voting tables clearly mark the six special resolutions — increase in authorised share capital, raising of funds and issuance of securities, higher borrowing limits, creation of security on borrowings, raising Section 186 loan/investment limits, and related-party transactions — as 'Not Approved'. The company will not be able to proceed with its capital expansion, fund-raising, or related-party plans without re-convening shareholder approval. This is a meaningful governance red flag for public shareholders, and the stock may see negative pressure given the public shareholders' strong disapproval.