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Croissance Limited held its 31st Annual General Meeting on 30 September 2025 via video conferencing, where all 8 resolutions were passed with near-unanimous support (over 99.99% in favour). Out of 12,652 total shareholders on record, only 7 promoter-group members and 25 public shareholders attended through video conferencing. Total votes polled were 1,90,72,673 shares, representing about 27.82% of outstanding shares. The resolutions included routine items like adoption of FY25 audited financials and re-appointment of a rotating director (Mr. Hemant Bahri), as well as several special business items: increasing borrowing powers under Section 180(1)(C), enabling creation of mortgage/charge on company assets, raising limits for investments/loans/guarantees, appointment of Ms. Shivani Marda as Independent Director, re-appointment of Ms. Sowmya Ranganath as Independent Director, and alteration of the object clause of the Memorandum of Association.
The clean passage of all resolutions — including enhanced borrowing powers and altered MOA objects — gives the company flexibility to take on more debt and potentially diversify or expand its business activities, which shareholders should monitor. Very low public turnout (only 0.088% of public non-institution shares voted) is typical for small-cap companies but means outcomes were largely driven by promoter group support.