Scrutinizer Report for the Annual General Meeting held on 30th September,2025.
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Arigato Universe Limited (BSE: 530267) held its 46th AGM on September 30, 2025, where all 12 resolutions were passed with requisite majority. Voting was conducted via remote e-voting and physical ballot papers, with CS Avinash Gandhewar serving as Scrutinizer. Out of 1,430 shareholders on record date (September 22, 2025), only 16 shareholders participated, casting 46,82,481 votes in total. Promoters (3,930,588 shares, ~84% of votes) and public non-institutional shareholders (751,893 shares) both voted overwhelmingly in favour. Resolutions covered adoption of FY25 audited financials, re-appointment of a director, regularization of an executive director, approval of six material related party transactions involving promoter family entities (Rajan Shah, Sanket Rajan Shah, SS Buildcon, JP Enterprises, SRK Infra, Shagun Shah), and enabling provisions for loans, investments, higher borrowing limits, and creation of charges under Sections 185, 186, and 180 of the Companies Act.
Shareholders have approved expanded borrowing powers and authority to create charges on company assets, along with multiple related party transactions with promoter-linked entities, giving the management greater financial flexibility. The extremely low voting turnout (16 of 1,430 shareholders) and near-100% approval reflects highly concentrated promoter control (~84% of voted shares), meaning minority shareholders had limited influence over these decisions.