Palred Technologies Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 09, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
PALREDTEC · price
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Palred Technologies Limited held its 26th Annual General Meeting on August 9, 2025, from 11:30 AM to 12:40 PM via video conferencing. All 7 resolutions on the agenda were passed with overwhelming majority, including adoption of audited financial statements for FY ending March 31, 2025 (99.97% in favor), re-appointment of Mr. Srikar Reddy as a director (99.96% in favor), and appointment/re-appointment of three independent directors — Mr. Harmendra Gandhi, Mr. Ravichandran Rajagopal, and Ms. Aakanksha Sachin Dubey (each above 99.96% in favor). M/s Vivek Surana & Associates was also appointed as Secretarial Auditor with 99.97% approval. A special resolution to approve a material related party transaction with subsidiary Palred Electronics Private Limited passed with 80.55% of votes in favor, as the promoter group abstained from voting due to their interest in the matter. Out of 15,988 total shareholders on record date, 80 members attended via VC (2 promoter group, 78 public). The Scrutinizer, Mr. Vivek Surana, certified the voting results and confirmed all resolutions were passed with requisite majority.
This is a routine post-AGM compliance filing confirming that all agenda items, including a related party transaction with a subsidiary, were approved by shareholders. No material adverse impact on shareholders or stock price is expected from these routine corporate governance items.