Outcome and proceedings of the 17th AGM of the company held on September 26, 2025.
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The 17th AGM of Innovassynth Investments Limited was held on September 26, 2025, at 11:30 AM via video conference, with 41 members attending. Chairman and Managing Director Dr. Hardik Joshipura chaired the meeting, and CFO & Company Secretary Mr. Sameer Pakhali coordinated proceedings. The Chairman reviewed FY2024-25 financial performance, noting challenges and outlining Board steps for strengthening the company, including a proposed merger. Statutory Auditors gave an unqualified opinion with no qualifications on the financial statements. Five business items were tabled for members' approval, including adoption of standalone and consolidated financials, reappointment of Dr. Joshipura (retiring by rotation), appointment of Mr. Prosenjit Gupta as Independent Director, and appointment of M/s Amey Lotlikar & Co. as Secretarial Auditors. Voting was conducted via remote e-voting (September 23-25, 2025) with a 15-minute window after the meeting; results were to be declared within two working days. The meeting concluded at 11:59 AM.
Routine AGM proceedings with no material surprises — reappointment of the existing CMD, a new Independent Director, and a new Secretarial Auditor bring normal governance continuity. The Chairman's mention of a proposed merger is the key forward-looking signal and may shape the stock's narrative once details are disclosed.