Consolidated Scrutinizer Report for the 46th Annual General Meeting along with the revised Voting Result
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Awaiting price reaction for this filing.
Epuja Spiritech Ltd (formerly Sagar Productions Limited) held its 46th AGM on September 18, 2025 via video conferencing from 4:00 PM to 4:35 PM. All 6 resolutions were passed with overwhelming majority, including adoption of audited financial statements for FY ended March 31, 2025. Total voting participation was about 43.6% of outstanding shares (4.17 crore shares out of 9.55 crore), with promoters (holding 90.75 lakh shares) voting 100% in favor on every resolution. Public non-institutional shareholders voted roughly 37.8% of their holding, with over 99.98% in favor on all resolutions. Notable items include approval of the new Epuja Spiritech Employee Stock Option Scheme 2025 (ESOP 2025), re-appointment of Mr. Chetan Merchant as director, appointment of Mr. Shailendra Omprakash Mishra as Independent Director, and appointment of Secretarial Auditors. About 1.16 crore public votes were declared invalid on Resolution 2 (director re-appointment), though it still passed comfortably.
Routine AGM clearance with no surprises — all resolutions passed with near-unanimous support, so no immediate negative reaction is expected. The approval of the ESOP 2025 scheme is the key item to watch, as it introduces a potential equity dilution risk for existing shareholders over time once options are granted and exercised.