Scrutinizer''s Report along with the voting results of 62nd Annual General Meeting of the Company
ALGOQUANT · price
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Algoquant Fintech Ltd held its 62nd Annual General Meeting on September 29, 2025, via video conferencing from 4:00 PM to 5:11 PM. A total of 14 resolutions were passed, including 11 ordinary and 3 special resolutions. Key items approved include adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Mr. Himanjal Jagdishchandra Brahmbhatt (DIN:00049679) as director, increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013, increase in limits for creating charge on company assets under Section 180(1)(a), appointment of the Secretarial Auditor, and authorization for loans and investments. Eight material related party transactions were also approved, involving promoter entities such as Algoquant Financials LLP, Mr. Dhruv Gupta, Mr. Devansh Gupta, Growth Securities, Vardan Securities, Devansh Real Estate, Dhruv Devansh Investment and Finance LLP, and Nirmal Buildwell Real Estate LLP. All resolutions passed with overwhelming shareholder support, exceeding 99.96% in favor in each case. The voting was conducted via NSDL's remote e-voting and e-voting during the AGM, and scrutinized by S Khurana & Associates (CS Sachin Khurana).
All 14 resolutions were passed with near-unanimous support, including key approvals that expand the company's borrowing capacity, allow it to create charges on assets, and permit material related party transactions with promoter-linked entities. Shareholders should note the significant increase in authorized borrowing and lending powers, as well as multiple ongoing related party dealings with promoter group companies that could affect minority shareholder interests going forward.