Voting Result & Scrutinizer Report of EGM held on 04.04.2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Grovy India Ltd held its Extraordinary General Meeting (EGM) on April 4, 2025, via video conferencing, where shareholders approved all four special resolutions with overwhelming support of nearly 99.99%. The resolutions included the appointment of Mr. Anupam Singh Sisodia as Independent Director and the reappointment of Mr. Nawal Kishore Choudhury as Independent Director, both passed with 10,472,257 and 10,472,253 votes in favour respectively. Shareholders also approved an increase in managerial remuneration for Mr. Nishit Jalan (Whole-Time Director and CEO) and Mr. Ankur Jalan (Chief Financial Officer). Promoters were marked as interested in the two remuneration resolutions and their votes (9,679,316 shares) were treated as invalid/excluded. Out of 3,782 shareholders on record, 78.52% of outstanding shares were polled, with only 100-104 votes cast against any resolution.
All four resolutions sailed through with near-unanimous shareholder approval, indicating strong alignment between promoter and public shareholders on board appointments and executive pay. Minimal public dissent signals confidence in the current leadership and governance direction, which is mildly positive for the stock.