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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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IEC Education Limited held its 31st AGM on September 29, 2025 via video conferencing with 5,825 shareholders on record. Three ordinary resolutions were put to vote: (1) adoption of audited financial statements for FY ended March 31, 2025 passed with 99.96% in favour (1,01,05,950 votes); (2) reappointment of Mr. Hemang Gopal Bhatt as Director (retiring by rotation) was NOT approved, with 93.19% votes against it (94,21,143 votes) — notably, the promoter group itself voted all its 92,89,245 shares against this resolution; (3) appointment of M/s Preksha Dawet & Associates as Secretarial Auditor passed with 99.96% in favour. Overall, 66.25% of outstanding shares participated in voting.
The rejection of director Mr. Hemang Gopal Bhatt's reappointment is a significant governance event — promoters voting against their own board appointee signals internal friction, which shareholders should monitor. The other routine resolutions passed smoothly, so the key takeaway is the failed reappointment and what it reveals about promoter-director dynamics.