Dear Sir/Madam, Kindly find enclosed herewith proceedings for the AGM held on September 30, 2025, along with explanation letter for delay.
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Awaiting price reaction for this filing.
Explicit Finance Limited (BSE Scrip Code: 530571) held its Annual General Meeting on Tuesday, September 30, 2025, from 9:30 AM to 10:30 AM at Lotus Business Complex, Vasai (East), Palghar. Director Mr. Gopal Dave chaired the meeting, with the Chairman of the Audit Committee, NRC, and Stakeholders Relationship Committee along with the Statutory Auditor also present. Both the Auditors' Report and Secretarial Audit Report for FY ended March 31, 2025 contained no qualifications or adverse remarks. Five ordinary resolutions were passed unanimously, including approval of FY25 financial statements, re-appointment of Mr. Avinash Mainkar as Non-Executive Director, appointment of Mr. Narendrasinh Zala as CFO cum Executive Director, appointment of Ms. Neelam Bhanushali as Independent Director, and appointment of M/s. Roy Jacob & Co. as Secretarial Auditor. E-voting was conducted from September 27 to September 29, 2025, and the company submitted AGM proceedings to BSE on October 1, 2025 — followed by a separate explanation letter on October 7, 2025, attributing the late filing to IT-related issues.
This is a routine governance filing with all resolutions approved unanimously, confirming smooth shareholder consent on standard items. The delayed submission of proceedings may be a minor red flag for compliance-sensitive investors, but since the AGM itself was held on time and all items passed without objection, there is no material impact on the stock or business outlook.