Proceeding of EGM held on 04-04-2025
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Grovy India Limited held its Extraordinary General Meeting (EGM) on 04 April 2025 via Video Conferencing, starting at 12:30 PM and concluding at 12:53 PM. A total of 20 shareholders attended through VC (4 from the promoter group and 16 from the public), with the meeting chaired by Mr. Prakash Chand Jalan. Four special resolutions were transacted: appointment of Mr. Anupam Singh Sisodia as an Independent Director, reappointment of Mr. Nawal Kishore Choudhury as an Independent Director, an increase in managerial remuneration of CEO Mr. Nishit Jalan, and an increase in remuneration of CFO Mr. Ankur Jalan. E-voting was facilitated through CDSL, with remote e-voting held from 01–03 April 2025 and an additional 30 minutes post-meeting. The detailed voting results and scrutinizer's report will be filed with BSE separately in due course.
The EGM focused on governance and compensation matters — appointing/reappointing independent directors and raising pay for the CEO and CFO. Shareholders should watch for the upcoming voting results to see the level of approval; a high dissent on remuneration resolutions could be a minor governance red flag, though nothing material is signalled here yet.