Intimation of Voting Result along with Scrutinizer Report of EGM held on 11/02/2026
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Aravali Securities & Finance Ltd held an Extraordinary General Meeting (EGM) on 11 February 2026 via video conferencing to appoint Mr. Naresh Kumar Magoo (DIN: 00914743) as Managing Director for a five-year term from 11 February 2026 to 10 February 2031. Shareholders voted through remote e-voting (8–10 February 2026) and e-voting at the EGM. Of the 78,71,179 total valid votes cast, 78,71,164 (99.99%) were in favour and only 15 votes (0.01%) were against the resolution. The promoter group voted unanimously in favour with all 78,67,260 shares (95.16% of outstanding shares). The scrutinizer, Gaurav Arora (Practicing Company Secretary), confirmed the resolution was passed with the requisite majority.
The appointment of a new Managing Director with overwhelming shareholder support (99.99%) signals strong board-level continuity and no meaningful investor opposition. This is a routine governance event and is unlikely to materially move the stock price, though it formalises leadership for the next five years.