In terms of Regulation 44 of SEBI (LODR) Regulations, 2015, please find enclosed the Result of Voting conducted through remote e-voting and e-voting conducted during the Extra Ordinary ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Ironwood Education Limited held its first EGM for FY 2025-26 on December 24, 2025 via video conferencing, with remote e-voting conducted between December 20-23, 2025 via NSDL. All six resolutions were approved by shareholders with no votes against any of them and no invalid votes. Key resolutions passed include an increase in Authorized Share Capital, issuance of equity shares on a preferential basis to non-promoter public category investors, change in designation of Mr. Nitish Nagori from Managing Director to Executive Director, and appointment of Mr. Balaji Raghavan as Director and Managing Director. A material related party transaction with AVA Lifespaces LLP was also approved, with 296,257 votes cast in favour.
Shareholders have greenlit a capital expansion and preferential share issuance, which could lead to dilution for existing holders. Management restructuring with Mr. Balaji Raghavan taking over as Managing Director signals a leadership change. The approval of the related party transaction with AVA Lifespaces LLP should be monitored closely by retail investors for potential governance implications.