Voting Results of Adjourned 16th AGM of the Company
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IFL Enterprises held its Adjourned 16th AGM on December 9, 2025, where all six resolutions were passed. Shareholders approved the FY25 audited standalone (83.14% in favour) and consolidated (83.14% in favour) financial statements. Mr. Meet Sureshbhai Chhatrala was appointed as Executive Director (83.12% in favour), and Mr. Didawala Akshay Kumar Shailendra was re-appointed as Managing Director for 5 years until September 7, 2030 (83.12% in favour). A special resolution to alter the Object Clause was approved with 99.9994% support, adding businesses in organic waste management, clean energy, green technology, and resource recovery. M/s Divya Mohta & Associates was appointed as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30) with 82.66% in favour. Total voter turnout was very low at just 1.43% of outstanding shares, and the promoter group held zero shares.
The MoA amendment gives the company a green light to diversify into waste management, clean energy, and sustainable technology businesses. However, investors should note the unusually low voting turnout, zero promoter shareholding, and roughly 17% dissent on director appointments and the secretarial auditor — all of which point to some shareholder governance concerns worth monitoring.