Proceedings of 41st Annual General Meeting held on 23rd September, 2025
Awaiting price reaction for this filing.
Bluegod Entertainment Limited (formerly Indra Industries Limited) held its 41st AGM on Tuesday, September 23, 2025, via video conferencing from 12:00 PM to 12:14 PM. Out of 14,166 total shareholders as on the record date (September 17, 2025), only 39 public shareholders attended and no promoter representatives were present. Six resolutions were tabled and put to e-vote: three ordinary resolutions covering adoption of FY25 audited financials, re-appointment of director Ms. Afsana Mirose Kherani, and appointment of M/s Vishakha Agrawal & Associates as secretarial auditor; and three special resolutions covering approval for loans/guarantees under Section 185, increasing the threshold for investments and securities under Section 186, and raising the FPI/FII aggregate shareholding limit to 49% of paid-up equity capital. Statutory and secretarial audit reports carried no qualifications, and e-voting results are to be disclosed by September 25, 2025.
The raised FPI/FII cap to 49% could broaden foreign investor participation in the stock, while the Section 185/186 special resolutions give the company more flexibility to lend, invest, or extend guarantees. The extremely brief 14-minute meeting with no promoter presence and only 39 retail shareholders attending suggests low retail engagement, though the e-voting facility means most voting happened remotely.