Please find attached, e-voting results and Scrutinizer Report for the 05th AGM.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Alphalogic Industries held its 5th AGM on 24th September 2025 via video conferencing, where all 7 resolutions were passed with requisite majority. Key items approved include adoption of FY25 audited financials, re-appointment of Mr. Anshu Goel as director, appointment of M/s Anuradha Acharya & Co. as Secretarial Auditors, approval of material related party transactions, and issue of 18,00,000 convertible warrants on a preferential basis. All resolutions received 100% votes in favor with zero votes against (promoter/promoter group votes were excluded for related party, preferential issue, and managing director re-designation resolutions as per related party rules). The company also underwent key management changes at the AGM: Mr. Vedant Goel stepped down as Managing Director and was redesignated as Non-Executive Non-Independent Director, while Executive Director Mr. Montubhai Gandhi was redesignated as the new Managing Director. Total shareholders on record date were 381, with 3 promoters and 5 public shareholders attending via VC.
The passing of the preferential warrant issue resolution (18 lakh convertible warrants) paves the way for a potential equity infusion, which could dilute existing public shareholders once warrants are converted. Management restructuring at the top (new MD) may signal a strategic shift at the company, though all resolutions sailed through unopposed, reflecting strong promoter control.