EGM SCRUTINIZER REPORT ALONG WITH VOTING RESULTS
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Ambo Agritec Limited held an Extraordinary General Meeting (EGM) on May 15, 2025 via video conferencing. The single resolution put to vote was to increase the authorised share capital of the company. A total of 8,056,960 votes were polled, representing 61.53% of the outstanding shares (13,095,160). The resolution was passed with 100% votes in favour and zero votes against, including full support from the promoter group (7,994,360 shares) and participating public institutional shareholders (62,600 shares). The scrutinizer, Mr. Abbas Vithorawala (Practising Company Secretary), confirmed the e-voting process was fair and transparent. The result was signed off by Managing Director Umesh Kumar Agarwal on May 16, 2025.
The unanimous approval to increase authorised share capital gives the company flexibility to issue new shares in the future, potentially for fundraising, expansion, or acquisitions. This does not immediately dilute existing shareholders but paves the way for possible future equity issuance.