PROCEEDINGS OF ANNUAL GENERAL MEETING HELD ON 30-09-2025
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Naapbooks Ltd held its 8th AGM on September 30, 2025, from 12:00 PM to 12:45 PM at its registered office in Ahmedabad, chaired by Mr. Ashish Jain. Voting was conducted via poll after two promoters — Mr. Yaman Saluja (6.61%) and Mr. Ashish Jain (11.13%) — demanded it, together holding about 17.74% of voting power. Eight resolutions were tabled, including adoption of FY25 audited standalone and consolidated financial statements, reappointment of Mr. Yaman Saluja as a rotational director, and a special resolution to approve the new 'Employees Stock Option Scheme 2025' (ESOS-2025). Five ordinary resolutions were also tabled to approve existing and new material related party transactions with Proex Advisors LLP, Proex Consulting, Religo Capital Advisors Pvt Ltd, NPBooks Software, and Sanchal Projects Pvt Ltd. The auditor's report had no qualifications or adverse remarks, and the secretarial audit had no observations.
The ESOS-2025 approval could lead to future equity dilution for shareholders but may support talent retention. The cluster of related party transaction approvals is something retail investors may want to watch for governance reasons, though clean audit reports are a reassuring sign. Results of the poll on each resolution are awaited.