Declaration of Voting Result along with Scrutinizer Report of Annual General Meeting of the Company.
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Olatech Solutions Ltd held its Annual General Meeting on September 17, 2025, where all 7 resolutions were passed with the required majority. The company has 490 shareholders on record date, with promoter group holding 27,91,280 shares and public non-institutions holding 16,59,270 shares (total 44,50,550 shares). Key resolutions included adoption of audited financial statements (100% in favour), appointment of Mr. Naved Iqbal as Non-Executive Director (100% in favour), appointment of M/s Nikunj Kanabar & Associates as Secretarial Auditor for five years FY2025-26 to FY2029-30 (100% in favour), approval for enhanced director remuneration under Section 197 (97.06% in favour, promoters abstained as interested), related party transactions with subsidiary Olatech Digital Solutions Pvt Ltd (100% in favour), and approval of Olatech ESOP 2025 for employees of the company and group companies (100% in favour). Voting was conducted via remote e-voting and physical ballot, scrutinised by Nikunj Kanabar & Associates, Practicing Company Secretaries.
Shareholders should note the approval of the ESOP 2025 plan, which could lead to equity dilution over time, and the sanctioned increase in director remuneration beyond standard managerial limits. The routine passage of all resolutions indicates smooth governance with no shareholder dissent on key business matters.