Scrutinizer Report for E-voting for AGM held on 29th Setpember, 2025
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Banas Finance Ltd held its 42nd Annual General Meeting on 29th September 2025 via video conferencing, and all seven resolutions were passed with the requisite majority. Shareholders adopted the audited standalone and consolidated financial statements for FY ended March 31, 2025 with 99.99% approval. Mrs. Tanu Girraj Agrawal was re-appointed as a Director (retiring by rotation), Mr. Mayank Borana was regularised as a Non-Executive Independent Director, and HRU & Associates was appointed as Secretarial Auditor — all with over 99.99% support. Two capital-structure resolutions (increase in authorised share capital and alteration of the capital clause in the Memorandum of Association) also passed, with 98% and 99.99% votes in favour respectively. A Special Resolution approving material related party transactions up to Rs. 200 crores also secured 99.99% support.
This is a routine disclosure confirming the outcome of the AGM; all resolutions passed overwhelmingly with negligible dissent. The capital-related and related-party-transaction approvals give the company room to expand its capital base and undertake transactions up to Rs. 200 crores, but the votes were largely uncontested so no major stock-price reaction is expected.