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Cella Space Ltd held its 34th AGM on September 16, 2025, via video conferencing from 12:15 PM to 1:32 PM. Out of 7,905 shareholders on record, only 36 attended (1 promoter, 35 public). The meeting was chaired by Mr. N Subramanian with all 9 directors, the CFO, statutory, internal and secretarial auditors present. Eight resolutions were tabled, including adoption of FY25 audited financials, reappointment of Mr. Visakh Rajkumar (rotational director), appointment of the secretarial auditor, and approval of two material related party transactions with Shri Kailash Logistics (Chennai) Ltd and OneAlpha Ventures Ltd. Shareholders also approved a Rs.10 crore reduction of Non-Convertible Redeemable Cumulative Preference Share Capital. Statutory and secretarial audit reports carried no qualifications. E-voting results are awaited.
The Rs.10 crore preference share capital reduction simplifies the capital structure but needs to be watched for impact on minority shareholders. Multiple related party transactions and loans/guarantees to director-interested entities warrant close scrutiny. Clean audit reports and full board attendance are positive governance signals, though very low shareholder participation (36 of 7,905) is notable.