DELPHI WORLD MONEY LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on August 01, 2025
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Delphi World Money Limited held its 40th AGM on August 1, 2025, at 1:30 PM via video conferencing, chaired by Mr. Tiruvanamalai Chandrashekaran Guruprasad. The meeting confirmed the requisite quorum, and the Statutory Auditors' Report and Secretarial Audit Report had no qualifications or remarks. Three ordinary business items were tabled, including adoption of FY25 audited financial statements, re-appointment of Mr. Hariprasad Meenoth Panichikkil as Whole-time Director (retiring by rotation), and re-appointment of T R Chadha & Co. LLP as statutory auditors. Seven special business items were also put to vote, covering amendment to the object clause of the Memorandum of Association, increase in authorised share capital, raising of funds and issuance of securities, related party transactions with three Ebix group entities, and appointment of SRC & Co. as secretarial auditor for five years. The meeting concluded at 2:10 PM, and voting results will be disclosed separately.
The AGM proceedings signal that shareholders will soon vote on potentially material items such as a capital increase and a fund-raising proposal, which could lead to equity dilution if approved. The clean audit reports are a positive sign, while related party transactions with Ebix group entities will be closely watched for any governance concerns.