Voting Result of the Annual General Meeting held on 30th September, 2025.
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Pervasive Commodities Ltd held its AGM on 30 September 2025 via video conferencing, lasting only 8 minutes (12:00–12:08 PM). Out of 441 shareholders on record date, only 6 public shareholders attended and zero promoter group shareholders participated or voted. Eight resolutions were put to vote: six were passed, including adoption of FY25 audited financials, re-appointment of MD Fagun Chandrakant Soni, appointment of VSSB & Associates as statutory auditor, approval of borrowing limits under Section 180(1)(c), authority to sell or dispose of undertakings, and appointment of Jay Pandya & Associates as secretarial auditor for 5 years. Two special resolutions failed — authority under Section 186 (loans/investments) and loan to directors under Section 185 — with 54.15% of votes cast against them. Notably, the promoter group holding ~5.46 lakh shares did not cast any votes on any resolution.
The failure of two special resolutions (Section 186 powers and Section 185 loans to directors) restricts the company's ability to extend loans to directors or make inter-corporate investments without fresh shareholder approval. The zero promoter participation and very short 8-minute AGM may raise governance concerns among investors.