BSEAmpvolts LtdMediumNeutral
Announced Wed, 7 Jan · 13:38 IST

As per attachment

Board & Shareholder Meetings View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ampvolts Limited (formerly Quest Softech India) concluded a Postal Ballot through remote e-voting on January 6, 2026, with all 3 special resolutions passed by shareholders with near-unanimous approval (99.9999% in favor on each). Resolution 1: Appointed Mr. Harnish Mahendrabhai Rao (DIN: 11357015) as Independent Director for 5 years from November 14, 2025. Out of 14,225,854 votes polled, only 9 voted against. Resolution 2: Appointed Mr. Sahil Jayesh Rao (DIN: 11367592) as Independent Director for 5 years from November 14, 2025. Out of 14,225,854 votes polled, only 10 voted against. Resolution 3: Approved amendment to the Object Clause of the Memorandum of Association to add new business objects – (a) servicing, repair and maintenance of electric vehicles and (b) retrofitting ICE engines with battery-powered electric powertrains. Out of 14,225,854 votes polled, only 9 voted against. Promoter group holds 14,205,278 shares (voted 100% in favor) while public shareholders representing 20,575–20,576 shares also voted overwhelmingly in favor. Scrutinizer Mr. Mehul Bambhroliya of BMB & Associates validated the process.

Likely market impact

Two new Independent Directors have formally joined the Board, strengthening governance. The amendment to the Object Clause marks a strategic pivot into the electric vehicle servicing and powertrain retrofitting business – shareholders have greenlit this new business direction. Minimal dissent signals strong shareholder confidence; no share price catalyst expected but the EV business addition could be a medium-term growth driver.