We hereby submit voting results and Scrutinizer report in prescribed format in respect of special business proposed in the notice of postal ballot dated June 12, 2025.
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Awaiting price reaction for this filing.
Identixweb Limited submitted voting results of a postal ballot (notice dated June 12, 2025) declaring results on July 17, 2025. The single resolution was an Ordinary Resolution to approve a Material Related Party Transaction between the company and Munim ERP Private Limited. Out of 219 total shareholders holding 1,04,41,550 shares, only 28 public non-institutional shareholders voted, representing 4,17,480 shares (~4% of total). The resolution passed with 100% votes in favour and zero votes against. Promoters (holding 65,76,945 shares, ~63%) and public institutions (holding 14,74,000 shares) abstained from voting as they were considered interested parties. Scrutinizer Hardikkumar Jetani (Hardik Jetani & Associates) certified the process.
The material related party transaction with Munim ERP Private Limited has been formally approved by shareholders. However, since only ~4% of total equity actually voted (all from a small pool of public non-institutional shareholders), minority shareholders effectively cleared the resolution on behalf of the larger abstaining promoter and institutional base. Retail investors should be aware that RPTs with promoter-linked entities warrant ongoing scrutiny of related-party terms and arm's-length pricing disclosures.