Octaware 21st AGM: Office Shift to UP, Loans to Gulf Units and Equity Conversion Tabled
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The 21st AGM of Octaware Technologies was held on 30 Sep 2026 via video conferencing with 8 members. 16 resolutions were tabled, including adoption of FY26 financials, re-appointment of the Managing Director, appointment of auditors, and shifting the registered office from Maharashtra to Uttar Pradesh. Also tabled: loans to group firms in India, Dubai, Qatar and Saudi Arabia, higher borrowing limits, and conversion of loans into equity. Results awaited.
Office move to UP and loans to group firms abroad signal expansion. Loan-to-equity conversion may dilute holdings. Await e-voting results.