The result of the voting held for the adjourned 40th Annual General Meeting of the members of the company held on Monday, 11/08/2025 in the prescribed format certified by scrutinizer.
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Devinsu Trading Limited disclosed the voting results of its adjourned 40th Annual General Meeting held on 11 August 2025. The original AGM on 4 August 2025 was adjourned due to lack of quorum. Four resolutions were put to vote, and all were passed with 100% approval. Out of 5,00,000 total outstanding shares, only 91,493 shares (18.30%) were polled, and all 91,493 votes were cast in favour by the promoter group, with zero votes against and zero invalid votes. The resolutions covered: (1) adoption of audited financial statements for FY2024-25, (2) re-appointment of Ms. Deepa Bhavsar as Director by rotation, (3) reclassification of authorised share capital and alteration of the MoA, and (4) issue of equity shares on a preferential basis. The scrutinizer was CS Harshad Pusalkar of Pusalkar & Co.
All four resolutions, including the special resolutions on capital reclassification and a preferential equity issue, were passed unanimously. Shareholders should note the very low voting turnout (18.30%), meaning the preferential share issuance and capital restructuring now have regulatory clearance and could lead to equity dilution for existing public shareholders once the preferential allotment is carried out.