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 Ltd has 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, and the reconvened meeting saw only 1 member voting, representing 91,493 valid votes. All four resolutions were passed with 100% votes in favour and none against. The resolutions covered: (1) adoption of FY25 audited financial statements, (2) re-appointment of Director Ms. Deepa Bhavsar (DIN:07167937) who retires by rotation, (3) reclassification of authorised share capital and consequent alteration of the Capital Clause of the MOA, and (4) issue of equity shares on a preferential basis.
All four resolutions passed cleanly, including the reclassification of authorised share capital and a preferential equity issue, which could lead to dilution for existing shareholders if the preferential allotment goes through. The extremely low voting turnout (just 1 member) suggests very thin shareholder participation, which is common in small-cap, low-float companies.