Consolidated Scrutinizer Report on Remote E-Voting and E-Voting in Extra-Ordinary General Meeting of the company held on 21.08.2025 through Video Conferencing/Other Audio-Visual Means.
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F Mec International Financial Services Limited held an Extra-Ordinary General Meeting (EGM) on 21 August 2025 via video conferencing, attended by 51 shareholders out of 1,155 on the cut-off date. The sole special resolution was to increase the company's overall borrowing powers under Section 180(1)(c) of the Companies Act, 2013, in which promoters and promoter group were declared as interested. Of the 8,391,768 outstanding shares, 2,736,308 votes (32.61% of total equity) were polled, with 99.99% voting in favour and just 51 votes against. Promoter group voted 100% in favour (2,076,565 shares), while public shareholders voted 99.99% in favour (659,743 shares). The scrutinizer confirmed the special resolution was passed with the requisite majority.
The company now has shareholder approval to raise its overall borrowing limit, which gives the board flexibility to take on more debt for business expansion or operations. The near-unanimous approval, backed by 100% promoter support, signals management and promoter confidence in pursuing higher leverage, though retail shareholders should monitor how the additional borrowing capacity is used and its impact on debt levels and interest costs.