Outcome of AGM for FY 24-25
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Lee & Nee Softwares held its 37th AGM on 25 September 2025 via video conferencing, where shareholders approved all 5 resolutions by electronic voting. Members adopted the audited standalone and consolidated financial statements for the year ended 31 March 2025 with 87.36% votes in favour. Mrs. Arpita Gupta was re-appointed as a director (retiring by rotation) with 86.36% support. Two new Independent Directors were appointed for 5-year terms – Mr. Tapan Dhar Mazumdar (till Nov 2029, 87.36% in favour) and Mrs. Sumita Mahadevan (till Aug 2030, 87.50% in favour). Shareholders also approved a salary hike for CEO & Managing Director Mr. Mahesh Gupta from Rs 75,000 to Rs 1,00,000 per month effective 1 October 2025, passed with 82.67% support.
These are largely routine governance updates – board continuity, addition of independent directors, adoption of FY25 results, and a modest CEO pay revision. The resolutions saw comfortable majorities though the CEO remuneration hike had the highest dissent at ~17%, reflecting promoter interest. No major strategic or material impact is expected on the stock price.