Scrutinzer''s Report-42ND Annual General Meeting of the Company.
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Neo Infracon Limited held its 42nd Annual General Meeting on 13th September 2025 via video conferencing. Six resolutions were put to vote through remote e-voting, and all were passed with an overwhelming majority of approximately 99.99% in favour and just 0.01% against. The resolutions included adoption of audited financial statements for FY25, approval of a related party transaction, appointment of VKM & Associates as secretarial auditor, and re-appointment of two independent directors (Mr. Rahul Kanungo and Mr. Nitesh Jain) as well as Managing Director Mr. Ankush Mehta for a 5-year term. The MD re-appointment saw slightly lower participation with 32 members voting in favour versus 34 for other resolutions, though the approval percentage remained at 99.99%. No invalid votes were recorded on any resolution. The Scrutinizer's Report was issued by VKM & Associates, Practising Company Secretaries.
All AGM resolutions sailed through with near-unanimous shareholder support, indicating strong alignment between management and shareholders. The 5-year re-appointment of Mr. Ankush Mehta as Managing Director provides leadership continuity for shareholders. The approved related party transaction should be monitored for terms and counterparty details.