Submission of Consolidated Scrutinizer Report for the 02nd Annual General Meeting held on 26th July, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Covance Softsol Limited held its 2nd Annual General Meeting on 26th July 2025 at its Madhapur, Hyderabad office. All four resolutions were passed with overwhelming shareholder support of 99.9993% in favor (1,41,65,876 votes) and only 99 votes against each. The resolutions covered: (1) adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Srinivasa Rao Madala (DIN: 01180342) as Director retiring by rotation, (3) appointment of B S S & Associates as Secretarial Auditor for a five-year term from FY26 to FY30, and (4) increase in authorized share capital from Rs. 15 crore (1.5 crore equity shares of Rs. 10 each) to Rs. 27 crore (2.7 crore equity shares of Rs. 10 each) with corresponding amendment to the Memorandum of Association. Remote e-voting was conducted via KFin Technologies from 23rd to 25th July 2025, with the cut-off date being 18th July 2025.
The near-unanimous approval of all resolutions signals strong shareholder confidence in the company's management. The authorized share capital hike from Rs. 15 crore to Rs. 27 crore creates room for potential future fundraising, stock splits, or bonus issues. No material dissent or red flags were observed, suggesting stability and continuity for retail investors.