as per pdf attached.
Awaiting price reaction for this filing.
ACE Edutrend Ltd held its 31st AGM on September 30, 2025 at 12:00 PM via video-conferencing, chaired by Mr. Rohan Mohan Agarwal (Managing Director & CFO), concluding at 12:56 PM. The meeting addressed six qualifications flagged by the Secretarial Auditor, most notably that two Independent Directors (Mrs. Sushma and Mrs. Ruchi Sharma) are ineligible as they did not complete the IICA self-assessment test, which has also impacted the composition of the Board, Audit Committee, and Nomination & Remuneration Committee. The AGM transacted ordinary business like adopting FY25 audited financials and re-appointing Ms. Himani Sharma, along with special business including the appointment of two new Independent Directors, re-appointment of Mr. Rohan Agarwal as Managing Director via special resolution, appointment of new Secretarial Auditors, an increase in authorized share capital, and approval for a rights issue of equity shares to existing shareholders. E-voting results are to be declared within two working days.
Shareholders should note multiple governance/compliance red flags from the Secretarial Auditor (ineligible Independent Directors, committee composition gaps, missing ROC filings), but the company also signaled potential capital action via a rights issue which could dilute existing holdings. Voting outcomes on the special resolutions (Managing Director appointment and rights issue) will be key to watch over the next two days.