Cinevista Limited has informed the Exchange about Shareholders meeting
CINEVISTA · price
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Cinevista Limited held its 28th Annual General Meeting on 24th September 2025 via video conferencing. Eight resolutions were put to vote. Seven resolutions passed with overwhelming support, including adoption of standalone and consolidated financial statements for FY ended 31st March 2025 (both approved by ~98%), re-appointment of Mrs. Vinita Concessio as director, appointment of Manthan Negandhi & Co. as Secretarial Auditors, borrowing powers on private placement, creation of charge on company assets, and continuation of Mrs. Mahrukh Shavak Chikliwala as Non-Executive Independent Director — all of which passed with over 97% in favour. One special resolution — seeking shareholder approval for Related Party Transactions up to an aggregate limit of ₹50 crores — did not pass. Because promoters were interested in the resolution, their votes (3.62 crore shares) were invalidated. Without promoter votes, only 63.93% of public shareholder votes favoured the resolution, falling short of the 75% threshold required for a special resolution. However, the resolution still meets the basic Section 188 requirement of over 50% approval.
Shareholders should note that the Related Party Transaction limit of ₹50 crores could not be approved as a special resolution, which may restrict management's ability to enter into large related-party deals going forward and could require the company to seek fresh shareholder approval. The smooth approval of financial statements, director re-appointments, and borrowing powers keeps routine corporate governance on track, with no major red flags from the AGM.