Proceedings of 33rd Annual General Meeting held on Sunday, 03rd August, 2025 at 12:00 P.M.
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Bits Limited held its 33rd AGM on 03rd August 2025 via video conferencing, lasting just 14 minutes from 12:00 PM to 12:14 PM with 32 members present. Six resolutions were tabled: ordinary resolutions for adopting the FY25 audited financial statements and re-appointing director Ankit Rathi (who retires by rotation), plus a re-appointment of Omprakash Pathak as Managing Director for another 5-year term. Two special resolutions were also put to vote: one to appoint Pritika Nagi & Associates as Secretarial Auditors for 5 years, and notably one to shift the company's registered office from Delhi to Maharashtra. Five shareholders spoke and raised queries which were addressed by the Chairman. Voting results were to be announced within the stipulated time after the meeting.
Shareholders should note two key items: (1) the proposed relocation of the registered office from Delhi to Maharashtra, which could have implications for jurisdiction, taxation, and regulatory compliance, and (2) the re-appointment of the Managing Director for a fresh 5-year term. Voting results on the two special resolutions (office shift and Section 186 investment limits) will determine whether these changes go through.