Scrutinizer Report on Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
AG Ventures Limited conducted a postal ballot (e-voting) from September 17 to October 16, 2025, seeking shareholder approval to change the Object Clause of the company's Memorandum of Association. Out of 99,90,092 outstanding shares held by 32,093 shareholders, a total of 57,28,278 votes (57.34% of outstanding shares) were polled. The special resolution was passed with overwhelming support — 99.977% of valid votes in favor and just 0.023% against. Promoters voted 100% in favor (51,71,124 shares), public institutions backed it 99.998%, and public non-institutions supported it 98.49%. The scrutinizer, P.K. Sarawagi of P. Sarawagi & Associates, certified the process as fair and transparent, and the result was signed by Chairman Arvind Goenka on October 17, 2025.
The approval allows the company to officially expand or shift its permitted business activities, opening the door to new business lines or diversification. The near-unanimous support from both promoters and public shareholders signals strong confidence in management's strategic direction, which is mildly positive for the stock.