Avonmore Capital & Management Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2024
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Awaiting price reaction for this filing.
Avonmore Capital & Management Services Limited held its 33rd Annual General Meeting on September 30, 2025 via video conferencing, lasting just 18 minutes (1:31 PM to 1:49 PM). Nine resolutions were put to e-voting, including adoption of audited financial statements for FY25, re-appointment of Mrs. Ashu Gupta as a director, and appointment of secretarial auditors. A key item is a special resolution seeking ratification of excess remuneration paid to Managing Director Mr. Ashok Kumar Gupta for FY24-25, arising from the exercise of stock options. Five separate ordinary resolutions also seek shareholder approval for material related party transactions with group entities, including Almondz Global Securities, Almondz Global Infra Consultant, Almondz Financial Services, North Square Projects, and Premier Green Innovations. E-voting was conducted through CDSL, with remote e-voting held from September 27-29, 2025, and results along with the scrutinizer's report to be filed with the stock exchanges within the prescribed timeline.
This is a routine procedural filing, but shareholders should pay attention to the excess MD remuneration ratification and the multiple related party transactions, which are governance items requiring shareholder approval. The actual voting outcomes are still pending and could move the stock once disclosed.