Proceeding of the General Meeting
Awaiting price reaction for this filing.
IVRCL Limited held its 38th Annual General Meeting on December 31, 2025, through video conferencing, from 11:06 AM to 12:00 Noon. The meeting was chaired by Mr. Purusottam Behera, the appointed Liquidator, as the company is undergoing liquidation under the Insolvency and Bankruptcy Code, 2016. Members adopted the audited standalone and consolidated financial statements for FY ended March 31, 2025, along with the Liquidator's and Auditors' reports. Additionally, members approved the ratification of remuneration to the Cost Auditor and the appointment of Auditors for the company's branch offices. All three ordinary resolutions were passed, and voting results will be declared within two working days based on the Scrutinizer's report.
The AGM was conducted by the Liquidator, confirming the company remains in active liquidation under IBC. Shareholders continue to hold stock in a company being wound up, with no operational turnaround on the horizon. The routine approvals are procedural and unlikely to materially affect share price or shareholder value.