Voting Result together with Scrutinizer''s Report for the 9th Annual General Meeting of the company held on Tuesday 30th September,2025 at 3:00 P.M (IST)
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Bizotic Commercial Ltd held its 9th AGM on September 30, 2025, where all 7 resolutions were passed with 100% votes in favor and none against. Out of 637 total shareholders on the record date (Sept 23, 2025), 13 attended via video conferencing and 5,663,500 votes were polled out of 8,040,000 outstanding shares, giving a 70.44% voting turnout. Key resolutions include approval of FY25 financial statements, re-appointment of director Ms. Inderpreet Kaur Gulati, increase in authorised share capital, preferential issue of equity shares to non-promoters, and issue of convertible warrants to the promoter group (in which the promoter was an interested party and abstained, with 1,700 promoter votes deemed invalid). Auditor appointments for both secretarial auditor (CS Jinang Shah) and statutory auditor (M/s J. Singh & Associates) were also approved.
All resolutions passed unanimously with no dissent, reflecting strong shareholder agreement. However, the approval of preferential allotment to non-promoters and warrants to promoters will lead to equity dilution for existing shareholders in the future. Investors should monitor forthcoming announcements on the pricing, timing, and size of these preferential issues, as they will directly affect shareholding patterns.