Coral India Finance & Housing Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 16, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
CORALFINAC · price
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Coral India Finance & Housing held an Extraordinary General Meeting on July 16, 2025, via video conferencing, which concluded in about 19 minutes. The sole item of business was the re-appointment of Mr. Niraj Mehta (DIN: 02667671) as an Independent Director, which was passed as a Special Resolution. Out of 16,453 shareholders on record, 66 attended (5 promoters/promoter group and 61 public shareholders). Of the 4.03 crore total shares, about 75.3% (3.03 crore shares) were polled, with 99.98% voting in favour and just 0.02% (5,038 shares) against the resolution. The promoter group unanimously supported the resolution with 100% of their 3.02 crore shares, while non-institutional public shareholders showed 92.68% support.
This is a routine governance update with no material financial impact on shareholders. The overwhelming approval (over 99.9%) signals strong shareholder confidence in the Board's recommended independent director, and the re-appointment ensures continuity on the board. No significant stock price movement is expected from this filing.