Scrutinizers Report & Voting Results of 33rd Annual General Meeting held on Sunday, 03rd August, 2025 at 12:00 P.M. through Video Conferencing
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Bits Limited held its 33rd AGM on August 3, 2025, via video conferencing from 12:00 PM to 12:14 PM. All 6 resolutions were passed with overwhelming approval (approximately 99.98% in favor). The key resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Ankit Rathi as Director, re-appointment of Mr. Omprakash Ramashankar Pathak as Managing Director for another 5 years, appointment of Pritika Nagi & Associates as Secretarial Auditors for 5 years, approval for investments/loans/guarantees beyond Section 186 limits, and shifting the registered office from Delhi to Maharashtra. Only 32 shareholders attended via VC out of 42,957 total shareholders, and public non-institutional participation was very low at just 0.185% of their holdings. The promoter group, holding about 65% stake, voted unanimously in favor of every resolution.
Shareholders should note the company's move to shift its registered office from Delhi to Maharashtra, which could affect future regulatory jurisdiction. The re-appointment of the Managing Director for 5 years and the enhanced borrowing/investment powers under Section 186 give management significant operational flexibility going forward.