Outcome of 41st Annual General Meeting Held on Tuesday 23rd September, 2025
Awaiting price reaction for this filing.
Bluegod Entertainment Ltd (formerly Indra Industries Limited) held its 41st AGM on 23rd September 2025 via Video Conferencing, concluding in just 14 minutes (12:00 PM to 12:14 PM). All six resolutions placed before members were approved, including three ordinary resolutions and three special resolutions. Ordinary items covered adoption of audited financial statements for FY ended 31st March 2025, re-appointment of Ms. Afsana Mirose Kherani (DIN: 09604693) as a director retiring by rotation, and appointment of the secretarial auditor with remuneration. The three special resolutions approved lending of loans, giving guarantees and providing securities under Section 185, raising the threshold for loans/guarantees/investments under Section 186, and increasing the aggregate FPI/FII shareholding limit up to 49% of the paid-up equity share capital.
The approvals are largely routine governance matters, but the hike in the FPI/FII shareholding cap to 49% signals openness to greater foreign institutional participation, which could improve liquidity and shareholder base over time. Expanded borrowing and investment powers under Sections 185/186 give the company wider financial flexibility for future growth or group-level transactions.