Evoting Results and the scrutinizer''s report of the 30th Annual General Meeting held on Tuesday, September 09, 2025
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Prithvi Exchange (India) Limited held its 30th Annual General Meeting on September 9, 2025 via video conferencing. All 8 resolutions (4 ordinary and 4 special) were passed with 100% votes in favour. Total votes polled were 7,015,003 out of 8,249,650 outstanding equity shares (85.03% polling). Key items approved include adoption of FY25 financial statements, a final dividend of Re. 1 per equity share, reappointment of Mr. Kalpesh Kumar Kavad (WTD) and Mr. Pavan Kumar Kavad (Managing Director for 5 years), appointment of Ms. Rashmi Surana as Independent Director for 5 years, appointment of V. Esaki & Associates as Secretarial Auditor for FY 2025-26 to FY 2029-30, an increase in WTD remuneration to Rs. 4 lakh per month, and the Prithvi Exchange ESOP-2025 scheme covering up to 4,34,200 stock options. Promoters (72% stake) voted 100% in favour, while about 46.5% of public non-institutional shares participated in voting.
Shareholders will receive a final dividend of Re. 1 per share. The new ESOP-2025 scheme could lead to dilution of up to ~5.3% (4,34,200 shares of 8,249,650 outstanding) if fully exercised. The increase in WTD remuneration and 5-year reappointment of the Managing Director are routine governance matters with no material near-term financial impact.