As per Annexure Attached
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Ind Agiv Commerce Ltd held its AGM on 11th August 2025 via video conferencing, where all 7 resolutions were passed with the required majority. The resolutions included adoption of audited financial statements for FY ended 31st March 2025, re-appointment of Mr. Vashdev Bhagwandas Rupani as a director, and appointment of M/s. Mehta & Mehta as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). Four special resolutions were also passed: ratification of a preferential allotment to promoters and non-promoters, authority to sell/lease/mortgage the company's undertaking, increasing overall borrowing limits under Section 180(1)(c), and approving inter-corporate loans/investments/guarantees under Section 186. All resolutions received 99.43% votes in favour, with just 1 vote against (176 total votes polled out of 10,00,000 shares — a very low 0.0633% participation). Notably, promoters holding 7,22,100 shares did not cast any votes, and only 41 of 1,182 shareholders attended via VC.
The successful passing of the special resolutions gives the company broad operational flexibility — including the ability to raise borrowings, make inter-corporate loans/investments, dispose of major assets, and ratify a past preferential allotment. For shareholders, this expands management's financial and strategic freedom, though the extremely low voting participation (with promoters abstaining) means the outcomes reflect a very narrow base of active retail/public investors rather than broad shareholder consensus.