Voting Result of the Annual General Meeting
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City Crops Agro Limited held its AGM on 29 September 2025 via video conferencing, lasting just 10 minutes (12:07 PM to 12:17 PM). All 6 resolutions were passed with 100% votes in favour and no votes against. The resolutions covered: (1) adoption of audited financial statements for FY ended 31 March 2025, (2) re-appointment of Ms. Shitalben Kaupilkumar Shah as director (retiring by rotation), (3) approval of higher borrowing limits under Section 180(1)(C), (4) power to sell, lease or dispose of the whole or substantially the whole of the company's undertaking, (5) powers under Section 186 (loans, investments, guarantees), and (6) approval of loans to directors under Section 185. Out of 16,316,760 total outstanding shares, 10,478,380 shares (64.22%) were polled. Promoters voted 100% of their 8,924,480 shares while only 21.02% of public non-institutional shares (1,553,900 out of 7,392,280) participated. There were zero invalid votes and 900 shareholders were on record.
Routine AGM business completed successfully with unanimous approval on all items. Shareholders should note the special resolutions grant management wide financial flexibility, including higher borrowing powers, authority to sell or dispose of major business undertakings, and permission to extend loans to directors — areas worth monitoring for minority investors given the very low public voting turnout.