Please find attached herewith Outcome of the 50th Annual General Meeting of the Company held on Monday, 29th September, 2025.
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Cranex Limited held its 50th Annual General Meeting for FY 2024-25 on September 29, 2025 via video conferencing, starting at 3:00 PM and concluding at 3:45 PM, with an additional 15 minutes for e-voting. Five items were on the agenda, including adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2025. Mr. Chaitanya Agrawal (DIN 05108809) was re-appointed as a director retiring by rotation, and Mr. Avinash Prabhat (DIN 10997441) was regularised as an Independent Director for a five-year term. Shareholders also considered a proposal to raise the company's borrowing limit under Section 180(1)(c) of the Companies Act, 2013, along with permission to create mortgages and charges on the company's movable and immovable assets. The filing does not explicitly disclose the voting results for each resolution, so pass/fail status is not stated in this document.
The proposal to raise the borrowing limit and allow charges on company assets suggests Cranex may be preparing to take on more debt, which could increase financial leverage and is worth monitoring by shareholders. The director appointments are routine governance items with no immediate material impact on the stock.