Outcome and Summary of the Annual General Meeting held on 29th September, 2025
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Corporate Merchant Bankers Limited held its 31st Annual General Meeting on 29th September 2025 via video conferencing, chaired by Managing Director Mr. Vishal Nayak. The meeting was unusually brief, lasting just 5 minutes (2:00 PM to 2:05 PM), with the statutory auditor present. Seven resolutions were tabled, including adoption of audited financial statements for FY ended 31st March 2025, re-appointment and appointment of Mr. Vishal Nayak as Managing Director, approval of enhanced borrowing limits under Section 180(1)(C), authorization to sell or dispose of the company's undertaking, powers under Section 186 for loans and investments, and approval for loans to directors under Section 185 of the Companies Act, 2013. E-voting results are to be announced within 2 working days.
The meeting was procedurally compliant but raised several notable items for shareholders: significant borrowing limit expansion, potential sale or disposal of company undertakings, and authorization for loans to directors — all requiring special resolution approval. The very short 5-minute duration and concentration of management authority with a single director may warrant attention from retail investors awaiting the e-voting results.