Secrutinzers Report and Voting Results for AGM held on 19.09.2025
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Oxygenta Pharmaceutical held its 32nd AGM on 19 September 2025 via video conferencing, attended by 61 members, and all 14 resolutions were passed with near-unanimous approval (99.98%–99.99%). Key items included adoption of FY25 audited financial statements, re-appointment/appointment of six directors (including whole-time, non-executive, and three independent directors), and ratification of cost auditor remuneration. Shareholders also approved raising the company's borrowing limit under Section 180(1)(c) to up to Rs. 200 crore, and creating mortgages/charges on company assets to support that borrowing. Material related party transactions with holding company Virupaksha Organics Limited — covering sale/purchase and loan/guarantee arrangements — were also approved. Members praised the management's execution of the acquisition/takeover by Virupaksha Organics and asked about the post-acquisition financial outlook.
The expanded Rs. 200 crore borrowing limit and large related-party transactions with the holding company signal significant corporate activity and potential debt/funding expansion post-acquisition. Near-unanimous shareholder approval across all resolutions indicates no governance pushback, though retail investors should watch the scale of related-party dealings with Virupaksha Organics going forward.