Pursuant to Regulation 44 and 30 of Listing regulations, enclosed Scrutinizer's report along with voting results
AJMERA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Ajmera Realty & Infra India announced the results of its postal ballot on June 21, 2025, in which all four special resolutions were passed by shareholders. The resolutions cover: (1) revision in remuneration of Managing Director Mr. Manoj I. Ajmera, (2) revision in remuneration of Whole Time Director Mr. Sanjay C. Ajmera, (3) approval to provide loans, guarantees, security or investments in Ajmera Housing Corporation Bangalore (via wholly owned subsidiary Ajmera Estates Karnataka), and (4) similar approval for Ajmera Bora Associates (via subsidiary Laudable Infrastructure LLP). Voting turnout was around 12% of outstanding shares. Resolutions 1 and 2 passed with 99.97% in favour (only 1,545 and 1,542 votes against), while resolutions 3 and 4 passed with 98.65% in favour but saw notable dissent from institutional public shareholders, with about 17.2% of institutional votes (60,698 shares) against them.
Shareholders have approved the revised pay packages for both directors, which could increase executive remuneration going forward. The two investment-related resolutions clear the way for the company to extend loans, guarantees or capital to its Bangalore and Bora Associates subsidiaries. The meaningful institutional dissent (~17%) on the related-party investment resolutions is a minor governance red flag worth tracking.