Scrutinizer Report of the 31st AGM of the company held on 30.09.2025 through VC / OAVM
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Nihar Info Global Ltd held its 31st AGM on September 30, 2025 via video conferencing, where all 14 resolutions were passed with overwhelming majority (99.999% in favour, only 33 votes against out of 22,86,893 total valid votes). Key business resolutions include increasing authorized share capital from Rs. 14 crore to Rs. 23 crore (creating 90 lakh additional equity shares of Rs. 10 each) and approving a 1:1 Rights Issue of equity shares. Board changes were approved: Mr. BSN Suryanarayana was re-appointed as director retiring by rotation, while independent directors Mr. Juvviguntla Sundarasekhar and Mr. Jagadeeswara Reddi Rao resigned, with Mr. Sriramula Srinivas and Mr. Umashankar Siddappa Kolhe appointed as new independent directors. The company also changed its statutory auditor — NSVR and Associates LLP resigned and was replaced by Bhargavi Priya and Associates. Audited financial statements (standalone and consolidated) for FY2024-25, including those of subsidiaries Life 108 Healthcare and Beastbells Media, were adopted.
The approved capital expansion and 1:1 rights issue signal the company's intention to raise fresh equity, which could dilute existing shareholders but potentially fund growth. Board reconstitution and auditor change may indicate governance restructuring, though the near-unanimous vote suggests minimal shareholder dissent. Watch for the rights issue pricing and timeline, as this is the most material near-term event for shareholders.