Outcome and Summary of Proceedings of the 1st (1/2025-26) EGM held on Friday 20th February 2026 at 04.30 P.M. through Video Conferencing (VC).
Awaiting price reaction for this filing.
Ajel Limited (BSE Scrip Code: 530713) held its first Extra-Ordinary General Meeting (EGM) of FY 2025-26 on Friday, 20th February 2026 at 4:30 PM via Video Conferencing. The meeting concluded at 4:45 PM, with e-voting closing at 4:58 PM. The required quorum of 37 members was present. Six directors attended, including the Managing Director Mr. Srinivasa Reddy Arikatla, one Executive Director, and four Independent Directors, along with the Company Secretary, Statutory Auditor, and Scrutinizer. Two special business items were transacted: the regularisation of Mrs. Usha Rani Kanteti (DIN: 11351876) and Mr. Lakshmi Narayan Vuppuluri (DIN: 05263132) as Independent Directors. Voting results are pending the Scrutinizer's Report and will be submitted to the stock exchange later.
This is a routine governance filing confirming the completion of the EGM and the appointment of two Independent Directors. The pending voting results are the key item to watch — the resolutions are expected to pass given the nature of regularisation, with no material impact on shareholders expected from the outcome itself.