The proceedings of the 40th Annual General Meeting of the Company held on Monday, 29th September 2025 is enclosed herewith.
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Cranes Software International held its 40th AGM on 29th September 2025 via video conferencing, starting at 1:18 PM and ending at 1:35 PM. Mr. Mueed Khader, Director, chaired the meeting after Managing Director Mr. Asif Khader faced a technical glitch. Notably, the statutory audit report was a qualified one, and CFO Mr. Manjunath read out the key qualifications on behalf of auditors Chaturvedi Sohan & Co; the Secretarial Auditor also flagged qualifications. Four resolutions were proposed: adoption of audited standalone and consolidated financials for FY ending March 31, 2025; reappointment of Mr. Mueed Khader as Director (retiring by rotation); appointment of Kedarnath & Karthik as new Secretarial Auditor; and approval for related party transactions (a special resolution needing higher majority). E-voting was conducted via CDSL from 26-28 September, and final results await the Scrutinizer's Report.
The qualified audit report is a concern for shareholders as it signals auditor reservations about the FY25 financials, warranting closer scrutiny. The related party transaction resolution is a special resolution requiring a 75% majority, so investors should watch the declared voting outcome. Change of secretarial auditor and reappointment of an existing director are routine but worth noting.