InfoBeans Techno. Ltd. has informed the Exchange regarding voting results of Annual General Meeting held on August 04, 2025
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Awaiting price reaction for this filing.
InfoBeans Technologies held its 15th AGM on August 4, 2025 via video conferencing, chaired by Director & CFO Mr. Avinash Sethi, and concluded in about 29 minutes. Three resolutions passed with 100% approval: adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Mr. Mitesh Bohra (DIN: 01567885) as a director retiring by rotation, and declaration of a final dividend of ₹1 per equity share. The statutory auditors' report contained no qualifications, and no shareholder queries were raised. The fourth resolution, appointing M/s M Maheshwari & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), shows a highly unusual voting result — 99.99% of votes polled were recorded as 'Against' (7,775,655 shares against vs. only 483 shares in favour) — yet the Chairman declared it as passed. This apparent contradiction in voting versus the declaration is a notable red flag worth scrutinizing.
Routine AGM items (financials, director re-appointment, dividend of ₹1/share) saw full shareholder support, which is positive for governance continuity. However, the seemingly contradictory outcome on the Secretarial Auditor appointment — where 99.99% of votes appear to oppose the resolution — is unusual and may warrant clarification from the company, as it could reflect either a reporting error or genuine shareholder dissent.