Scrutinizer''s Report & Voting Results of 41st Annual General Meeting held on Sunday, 03rd August, 2025 at 10:30 A.M. through Video Conferencing
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Pan India Corporation Limited held its 41st AGM on 03rd August 2025 via video conferencing, lasting just 15 minutes. All 6 resolutions were passed with overwhelming support (over 99.98% in favour), including adoption of FY2025 audited financials, re-appointment of Managing Director Vijay Pal Shukla, appointment of Pawan Sharma as new Non-Executive Non-Independent Chairman, appointment of Pritika Nagi & Associates as Secretarial Auditor, revision in MD remuneration, and a Special Resolution to raise the company's overall borrowing limits under Section 180(1)(c) of the Companies Act. Promoters holding about 97.5 million shares (45.5% of total equity) voted 100% in favour of every resolution. Public shareholder participation was extremely thin — only 53 public shareholders attended via VC and just 90,304 votes were polled by non-institutional public shareholders, equivalent to a mere 0.077% of their shareholding.
The clean approval of all items preserves management continuity and gives the board wider headroom to raise debt for future expansion or working capital needs. The unusually low public voting turnout is a red flag for retail engagement but is common among thinly-traded, BSE-only small-cap companies and does not itself indicate governance concerns.