We hereby submit the Voting Results and Scrutinizers Report in connection to the 31st AGM of the Company held on September 29, 2025.
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Maruti Securities Limited (BSE: 531319) held its 31st Annual General Meeting on September 29, 2025, in Hyderabad. All 13 resolutions on the agenda were passed with 100% approval, with zero votes against any resolution. A total of 36,86,951 votes were polled out of 50,00,300 shares, representing a 73.73% voting turnout. Key resolutions included adoption of FY25 audited financial statements, confirmation of director appointments (including two independent directors), approval of borrowing powers, creation of security on company assets, change in the Object Clause and adoption of a new Memorandum and Articles of Association, conversion of loans into equity, and a proposed name change of the company. A secretarial auditor was also appointed for a five-year term.
Unanimous approval across all 13 resolutions reflects strong promoter and public shareholder alignment, with no visible dissent. The proposed name change, overhaul of the MoA/AoA, and change in the Object Clause suggest a possible business pivot or repositioning. Loan-to-equity conversion may result in dilution, while expanded borrowing powers indicate the company is preparing to take on more debt for growth.