DRC Systems India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2025
DRCSYSTEMS · price
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DRC Systems India Limited held its 13th AGM on September 25, 2025, via video conferencing, where 9 resolutions were put to vote. Out of 29,927 total shareholders on record date (September 18, 2025), about 10.13 crore shares (75.56% of outstanding shares) were polled, and all 9 resolutions passed with near-unanimous support (over 99.99% in favor). Key approvals include: adoption of FY25 audited financial statements, re-appointment of a rotating director (Mr. Janmaya Preyas Pandya), appointment of a Secretarial Auditor, re-appointment of three Independent Directors, approval of a preferential issue of equity shares, increase in authorized share capital, and material related party transactions with AppiZap LLC FZ. The Scrutinizer, SPANJ & Associates, validated the e-voting process.
Shareholders have cleared a preferential equity issue and a hike in authorized share capital, signaling potential share dilution ahead. Re-appointments of three independent directors and material related party transactions with AppiZap LLC FZ are now formally approved, with negligible public dissent.