EGM Proceedings attached.
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V R Woodart Limited held its Extra Ordinary General Meeting on Wednesday, 14th January 2026 at 12:00 noon via video conferencing. A total of 38 members attended, and the meeting concluded in just 12 minutes. All 15 resolutions listed in the EGM notice were approved by shareholders with the requisite majority, covering a wide range of corporate actions. Key items included an increase in borrowing limits, power to create charges on company assets, a proposed change in the company's name, and amendments to the Memorandum and Articles of Association. The EGM also approved the appointment of several directors: Mrs. Minai Patil as Whole-Time Director and Chairperson, Ms. Maddukuri Mounika as Whole-Time Director and CEO, Mr. Tejas Patil as Non-Executive Director, and three new Independent Directors (Mrs. Madhura Singh, Mr. Manish Jhanwar, and Mr. Abhijeet Yerukar), along with a new statutory auditor to fill a casual vacancy. E-voting was facilitated by NSDL, and voting results combined with the scrutiniser's report will be filed within the prescribed timeline.
This EGM signals a major restructuring phase — shareholders have greenlit higher debt capacity, a potential company name change, MOA overhaul, and a largely new board, which could reshape the company's strategic direction and governance. Investors should watch for the formal voting results and any follow-up announcements on the name change and new leadership's plans.