Outcome of EGM held on 25.09.2025
Awaiting price reaction for this filing.
Taaza International Limited (BSE: 537392) held its 1st EGM of FY 2025-26 on September 25, 2025, via video conferencing from 11:00 AM to 11:12 AM. All 15 resolutions were passed with 100% votes in favour (26,026 votes polled, 0 against). The resolutions included appointment of statutory auditors, appointment of 5 directors (including 2 independent directors), an increase in authorised share capital, raising borrowing limits under Section 180(1)(c), enabling creation of mortgage or charge on company assets under Section 180(1)(a), and approval of 5 material related party transactions — with Trinity Cleantech, Thunderplus Solutions, Roqit Greenfleet Digital Solutions, Saera Keto EV, and ETO Motors. Voter turnout was very low at about 9.08% of outstanding shares, with 15 public shareholders participating and no promoter group votes recorded.
While all resolutions passed unanimously, the very low voting participation (around 9% of shares) means a small group of shareholders effectively approved capital expansion, higher borrowing limits, and multiple related party deals — items that can dilute equity or shift value among related parties. Shareholders should watch for the actual terms of the share capital increase and the nature of the RPTs with the EV-related entities (Saera Keto EV, ETO Motors), which may signal a business direction change.