Proceedings of the EGM of the Company held today i.e. 25th September, 2025
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The Swastik Safe Deposit and Investments Limited held its 2nd EGM of 2025 on 25th September 2025, where two special resolutions were passed with 100% approval and no dissent. Resolution 1 was for changing the name of the company along with consequential alterations to the Memorandum and Articles of Association. Resolution 2 was for adopting a new object clause in the MOA. Out of 71 eligible members as on the 18th September 2025 cut-off date, 10 members participated in voting through remote e-voting, casting 2,03,610 votes (84.83% of total 2,40,000 outstanding shares). Promoter and promoter group (holding 1,78,535 shares) voted 100% in favour, while public non-institutional shareholders (25,075 shares, with 40.80% polled) also voted 100% in favour. Mr. Sunil Adukia chaired the meeting, and the scrutinizer was M/s N L Bhatia & Associates.
Shareholders have approved a name change for the company and a shift in its business objectives, which signals a potential strategic pivot or rebranding exercise. While both resolutions passed unanimously, retail investors should watch for the new corporate name and revised object clause once formally filed with the Registrar, as these changes could affect the company's future business direction and brand identity.