Centrum Capital Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 08, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
CENTRUM · price
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Centrum Capital Limited held its 47th AGM on August 8, 2025 via video conferencing, chaired by Mr. Jaspal Singh Bindra, and all 13 resolutions were passed. Routine resolutions including adoption of FY25 audited financial statements, re-appointment of Mrs. Mahakhurshid Byramjee (retiring by rotation), appointment of Mr. Umesh P Maskeri as Secretarial Auditor for 5 years, and induction of three new directors (Mr. Subhash Kutte as Non-Executive Director, Mr. Rajeev Uberoi and Mr. Basant Seth as Independent Directors) were approved with near-unanimous support (over 99.99%). Key corporate action items were also cleared, including enabling fund raising through issue of securities (99.99% in favour), authorisation for charitable donations (99.59%), and issuance of equity shares on a preferential basis (99.60%). Material related party transactions covering corporate guarantees, inter-company debt, and transactions between subsidiaries/associates (Items 8–11) passed with comparatively thin margins of about 62–63%, since promoter group abstained from voting on these items as related parties and 7.06 crore public non-institutional votes were declared invalid.
Shareholders have cleared the path for Centrum to raise capital (including a potential preferential equity issue) and to continue providing guarantees and inter-company loans to subsidiaries. The preferential allotment, once executed, will dilute existing non-promoter shareholders, while the related-party resolutions drew notable dissent from public non-institutional investors, though all items still passed.