Scrutinizers Report along with Voting Results
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Awaiting price reaction for this filing.
Edvenswa Enterprises Limited held an Extraordinary General Meeting (EGM) on January 21, 2026, via video conferencing, to seek shareholder approval for reclassifying Mr. Y. Ramesh Reddy (holding 18,96,000 shares, or 6.49% of paid-up capital) from the Promoter category to the Public category. BSE had already granted its no-objection via letter dated November 25, 2025. Out of 8,595 total shareholders, 44 attended via video conferencing (1 promoter + 43 public). Total votes polled were 1,47,92,528 shares (50.63% of outstanding shares), and the resolution passed overwhelmingly with 99.9997% votes in favour and only 50 votes against.
The reclassification will reduce the company's promoter group shareholding and shift Mr. Y. Ramesh Reddy out of the promoter category, potentially freeing the shares from promoter-related restrictions. This is a procedural/routine move once BSE has approved it and shareholders have consented, with minimal impact on stock price expected.