Intellect Design Arena Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 25, 2025. Further, the company has informed the Exchange regarding voting results.
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Intellect Design Arena Limited has submitted the voting results and scrutinizer's report for its 14th Annual General Meeting held on July 25, 2025, conducted via video conferencing. All six resolutions were passed, including adoption of FY25 financial statements (100% in favour), declaration of a total dividend of Rs. 7 per share (Rs. 4 final + Rs. 3 special dividend) which received 99.9988% approval, and re-appointment of Mr. Arun Jain as Managing Director for 5 years with 97.5% support. However, two resolutions saw notable dissent from institutional investors: re-appointment of Mr. Anil Kumar Verma (only 77.4% in favour, with public institutions voting 77% against) and approval of commission for Non-Executive Directors (77.8% in favour, with public institutions voting 75% against). Overall, about 55-56% of total shares were polled, and 1.44 crore shares were declared invalid. Promoter group voted unanimously in favour of all resolutions.
Shareholders will receive a total dividend of Rs. 7 per share for FY25. While the resolutions technically passed, the significant institutional investor dissent on director remuneration and director re-appointment (around 22-23% against) may signal some governance concerns that retail investors should monitor. Arun Jain continues as Managing Director, providing leadership continuity.