We hereby submit the proceedings of 94th Annual General Meeting of the Company, held on Tuesday, 30th September 2025.
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IndiaNivesh Ltd held its 94th AGM on Tuesday, 30th September 2025, from 3:30 PM to 5:00 PM at its registered office in Lower Parel, Mumbai, chaired by Mr. Dinesh Nuwal. Members transacted seven business items, including adoption of audited financial statements for FY25, re-appointment of retiring director Mr. Dinesh Nuwal, and appointment of M/s. Ajay Sobha & Co. as new Statutory Auditor in casual vacancy. A key resolution was the approval (special resolution) for sale of the company's entire 100% equity stake in its wholly-owned subsidiary, IndiaNivesh Securities Limited. Other items included re-appointment of Mr. Jagdish Pareek and appointment of Ms. Jeny Vinod Kumar Gowadia as Independent Directors, and appointment of Jajodia & Associates as Secretarial Auditor. Remote e-voting was open from 26th to 29th September 2025, with combined voting results to be declared separately.
The approval to sell the wholly-owned subsidiary IndiaNivesh Securities Limited is a significant corporate restructuring move that could unlock value or signal a strategic shift away from the securities business. The appointment of a new statutory auditor in casual vacancy also suggests a recent auditor change, which shareholders should monitor.