Voting Results of the 38th Adjourned AGM
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Oasis Securities Ltd held its 38th Adjourned AGM on September 1, 2025, via video conferencing, where all 4 resolutions were approved. The resolutions covered: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Gyan Chand Jain as a rotational director, (3) appointment of M/s ARMS & Associates LLP as Secretarial Auditor, and (4) regularization of Manish Bihani as Independent Director. Out of 1,858 total shareholders holding 1.85 crore equity shares, only 47 public shareholders cast votes, representing just 1,62,488 shares or 0.88% of paid-up capital. Every resolution passed with 99.92% votes in favour and only 0.08% against. Notably, promoters holding 1,30,96,090 shares (about 70.8% of equity) did not participate in voting at all.
This is a routine procedural filing with no material business impact for shareholders. The very low voter turnout (0.88%) is unusual but does not affect the validity of the resolutions. The re-appointment of a promoter director and the induction of a new independent director are standard governance items, signalling continuity rather than any strategic change.