Outcome of 40th AGM / Proceeding of 40th AGM
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Devinsu Trading Limited held its Adjourned 40th AGM on Monday, 11th August 2025 at its registered office in Mumbai. The meeting started at 11:00 a.m. but was initially adjourned for 30 minutes due to lack of quorum, then restarted at 11:30 a.m. and concluded at 12:30 p.m. with available members treated as quorum under Section 103(3) of the Companies Act, 2013. Chaired by Mrs. Deepa Bhavsar, four resolutions were placed before shareholders: (1) ordinary resolution to adopt audited standalone financial statements for FY ending 31st March 2025, (2) ordinary resolution to re-appoint Mrs. Deepa Bhavsar as Director retiring by rotation, (3) special resolution to reclassify the Authorised Share Capital and alter the Capital Clause of the Memorandum of Association, and (4) special resolution to issue equity shares on a preferential basis. Voting results are pending and will be shared with the stock exchange later.
Voting outcomes are not yet declared, so investors should await the scrutinizer's report for the final results on key items, especially the preferential equity issue and authorised share capital reclassification, both of which can affect shareholding pattern and capital structure.