VOTING RESULTS ALONG WITH SCRUTINIZER REPORT
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Medico Intercontinental held its 41st Annual General Meeting on September 30, 2025 via video conferencing. Out of 4,216 total shareholders (1 crore total shares), 63.7% of equity participated in the remote e-voting. All 9 resolutions were passed with near-unanimous support — essentially 100% in favour with only 7-9 dissenting shares. Key resolutions included adopting the FY25 audited financial statements, reappointing Mrs. Tanvi Samirbhai Shah as director, appointing M/s Agarwal & Mehta Company Secretaries LLP as secretarial auditor for 5 years (FY26–FY30), and increasing the borrowing limit from Rs 20 crore to Rs 100 crore. Shareholders also approved increasing limits for loans and investments under Sections 185 and 186, creation of charges on company assets, a rise in Managing Director Samir Shah's remuneration, and entering into related party transactions.
Routine procedural outcome with all resolutions comfortably passed, but shareholders should note the 5x jump in permitted borrowings (Rs 20 cr → Rs 100 cr), higher MD remuneration, and approved related party transactions — these give management more financial flexibility but also warrant monitoring of debt levels and promoter-related dealings.