32nd AGM: all 6 resolutions passed, share capital reduction approved
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Innocorp Limited held its 32nd AGM on Aug 8, 2026. Six resolutions passed with requisite majority, including adoption of FY26 audited financials, re-appointment of two independent directors and MD Lakshmi Garapati, appointment of statutory auditors, and a special resolution approving the Scheme of Reduction of Share Capital. Out of 7,941,400 shares, 2,348,634 votes (29.57%) were polled. Share capital reduction passed with 99.9996 percent in favor, with only 10 votes against.
Share capital reduction scheme approved; could boost per share value once implemented. All management proposals cleared with overwhelming shareholder support.