Dc Infotech And Communication Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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DC Infotech & Communication Limited held its 7th Annual General Meeting on September 30, 2025 at 11:00 AM in Andheri East, Mumbai, which concluded at 11:50 AM with 43 shareholders in attendance. The Chairman, Mr. Chetankumar Timbadia (Managing Director), briefed members on the company's financial performance for FY 2024-25. Four ordinary resolutions were transacted: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Jayeshkumar Sayani as Director liable to retire by rotation, (3) appointment of Mr. Dilip Gupta as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), and (4) increase in authorised share capital from Rs. 17 crore to Rs. 36 crore, creating an additional 1.90 crore equity shares of Rs. 10 each. Remote e-voting was provided to members, and voting results will be filed separately with NSE and BSE under Regulation 44.
The authorised share capital increase from Rs. 17 crore to Rs. 36 crore signals the company's potential plans for a future fundraising or equity issuance, which could lead to dilution for existing shareholders. Adoption of FY25 results confirms financial closure, while re-appointment of directors and a 5-year secretarial auditor appointment are routine governance items with no material impact on the stock.