The Company has announced Evoting Results along with Scrutinizer Report of 42nd AGM of the Company .
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Econo Trade (India) Ltd held its 42nd Annual General Meeting on September 25, 2025, via video conferencing. A total of 6,791 shareholders were on record, with only 40 attending through VC (1 promoter group, 39 public). Out of 1.87 crore total outstanding shares, just 38.68 lakh shares (20.72%) were voted via e-voting, indicating very low shareholder participation. All 10 resolutions were passed with overwhelming majority — approval ranged from 99.25% to 99.80% across resolutions. Key items approved included adoption of FY25 audited financial statements, re-appointment of a non-executive director and an independent director, appointment of statutory and secretarial auditors, and notably, 5 related-party loan transactions with entities such as Econo Broking Pvt Ltd, Sai Metaltech LLP, Econo Trading & Investment Pvt Ltd, Robert Resources Ltd, and Tradedeal Enterprises Pvt Ltd. Promoters did not cast any votes, with all participation coming from public non-institutional shareholders.
Routine governance update — all routine business including director re-appointments and auditor appointments sailed through. The approval of 5 related-party loan transactions is the most material item for shareholders to monitor, as it enables the company to extend loans to promoter-linked entities, which carries conflict-of-interest risk. Very low voter turnout (under 21%) and zero promoter voting may attract governance scrutiny, though the results are not unexpected given promoter's likely control via non-voting shares in this case.