Outcome of 33rd Annual General Meeting of the Company held on 22nd September 2025 through video conferencing or other audio visual means.
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Kinetic Trust Limited held its 33rd Annual General Meeting on 22nd September 2025 via video conferencing, chaired by Director Mr. Rajesh Arora. The meeting lasted about 12 minutes (12:08 PM to 12:20 PM) and all resolutions were passed with the requisite majority. Key items approved include adoption of audited financial statements for FY ending 31 March 2025, reappointment of Mr. Rajesh Arora as director (retiring by rotation), appointment of M/s Sunita Agrawal & Co as statutory auditors for 5 years, appointment of Mr. Hardev Singh as Whole Time Director, reappointment of M/s C Gaur & Associates as secretarial auditors for FY 2025-26 to 2029-30, and adoption of revised MOA and AOA. Additionally, shareholders approved an increase in authorized share capital from Rs. 3.5 crore (35 lakh equity shares of Rs. 10 each) to Rs. 5.5 crore (55 lakh equity shares of Rs. 10 each). E-voting results were to be declared within 48 hours and filed with the stock exchange.
The authorized share capital increase gives the company room to issue up to 20 lakh additional equity shares in the future, which could be used for fundraising. New leadership appointments (Whole Time Director and statutory auditors) bring continuity and governance changes, though no immediate effect on minority shareholders is expected. Voting results are still pending disclosure.