In accordance with the Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby submitting the proceedings of the 31st Annual General Meeting of the Company held on September 28, 2025.
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Awaiting price reaction for this filing.
Fruition Venture Ltd held its 31st AGM on September 28, 2025 via video conference, lasting 32 minutes (3:00 PM to 3:32 PM). Chairman Krishan Kumar Aggarwal highlighted the company's successful entry into consumer goods manufacturing along with diversification and expansion plans, while also addressing challenges and outlook in the entertainment industry. Seven resolutions were put to vote, including adoption of FY25 financial statements, re-appointment of the chairman (who retires by rotation), appointment of secretarial auditor for a five-year term, approval for loans/guarantees under Section 185, enhanced investment limits under Section 186, related party transactions under Section 188, and issuance of up to 25,00,000 convertible warrants on a preferential basis to promoter and non-promoter entities. Voting results are awaited from the scrutinizer, with the report expected by September 30, 2025.
The preferential issuance of 25 lakh convertible warrants is a significant capital-raising move that could dilute existing shareholders once converted, while the expanded Section 185/186 limits and related party transaction approvals give the company more financial flexibility. Shareholders should watch for the consolidated voting results, especially on the warrant issuance and related party resolutions.