Voting Result with Scrutinizer Report
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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.
Indian Infotech & Software Ltd held its 43rd AGM on 30th September 2025 via video conferencing, where all 7 resolutions were passed with overwhelming shareholder approval. The resolutions included adoption of FY25 standalone financial statements (99.99% in favour) and appointment of a director liable to retire by rotation (99.67%). Shareholders also approved special resolutions to raise the company's investment and loan/guarantee limit to Rs. 500 crores under Section 186 (99.67%) and increase borrowing power to Rs. 500 crores under Section 180(1)(c) (99.65%). Additionally, Mrs. Khushboo Vasudev was appointed as Independent Director (99.60%), related party transaction limits were raised to Rs. 250 crores (99.67%), and the Secretarial Auditor was appointed (99.92%). Voting was conducted via NSDL's e-voting platform with the cut-off date of 23rd September 2025 and a record of 450,898 shareholders.
The expanded borrowing and investment limits of up to Rs. 500 crores each give the company significant financial flexibility for future expansion or acquisitions, while the Rs. 250 crore related party transaction approval raises governance concerns worth monitoring. The unanimous approval on all items indicates smooth shareholder alignment, though promoter shareholding appears to be 0% in the voting data, meaning decisions were driven entirely by public institutional and retail shareholders.