Scrutinizer''s Report and Voting Result of 12th Annual General Meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Oval Projects Engineering Ltd held its 12th AGM on December 30, 2025 via video conferencing, with 6 shareholders attending (1 promoter group, 5 public) out of 541 shareholders on record. Four resolutions were put to vote through remote e-voting and AGM e-voting. Total shares polled were 15,592,889 (75.08% of 20,769,268 outstanding). Resolution 1 (adoption of audited financial statements for FY ended March 31, 2025) was passed with 100% votes in favour. Resolution 2 (re-appointment of Mr. Himangshu Mahawar as Director, retiring by rotation) passed with 99.98% in favour (3,200 votes against). Resolutions 3 and 4 — both special resolutions to approve expanded borrowing limits under Section 180(1)(c) and to allow creation of mortgage/charge on company assets under Section 180(1)(a) — also passed with 99.98% in favour.
All four resolutions cleared with overwhelming shareholder support, including key special resolutions that give the board expanded authority to raise debt and pledge company assets as security. This provides Oval Projects with greater financial flexibility for future borrowing or expansion. Shareholder turnout was healthy at over 75% by share weight, and near-unanimous approval indicates no governance friction — neutral to mildly positive for the stock.