AS PER LETTER ATTACHED
Awaiting price reaction for this filing.
Esha Media Research Ltd held its 42nd AGM on September 29, 2025, from 12:30 PM to 12:57 PM via video conferencing, with 17 members present. Key items on the agenda included adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Shilpa Vinod Pawar as Whole Time Director (liable to retire by rotation), approval of her remuneration and a waiver of remuneration already paid to her in FY 2024-25. Shareholders were also asked to approve borrowing of up to Rs. 50 Crores under Section 180(1)(c) of the Companies Act, 2013, and the appointment of MSDS & Associates as Secretarial Auditor for a five-year period (FY 2025-26 to FY 2029-30). The CFO, Mr. Raman Seshadri Iyer, conducted the proceedings, and Ms. Dipali Shah of MSDS & Associates was appointed as Scrutinizer for the voting process, with results to be announced within 48 hours.
The most notable items for shareholders are the proposed approval to borrow up to Rs. 50 Crores, which could expand the company's debt capacity, and the waiver of remuneration already paid to the Whole Time Director for FY 2024-25, which may raise governance questions. Re-appointment of the existing director and appointment of a new secretarial auditor are routine and unlikely to materially impact the stock.