Prostarm Info Systems Limited has submitted the Exchange a copy of Srutinizers report of Annual General Meeting held on September 26, 2025 along with voting results.
PROSTARM · price
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Prostarm Info Systems Limited held its 18th Annual General Meeting on September 26, 2025, via video conferencing. All 7 resolutions in the AGM notice were passed with the requisite majority, with an overall turnout of 67.77% of outstanding shares (39.9 million votes polled out of 58.87 million total). The resolutions covered adoption of audited financial statements, re-appointment of Mr. Tapan Ghose as a director, revision in remuneration of Whole Time Director Mr. Raghu Ramesh Thammannashastri, ratification of cost auditor remuneration, appointment of Sandeep P Parekh & Co as secretarial auditors, and ratification of the Prostarm ESOP 2024 plan (including grants to subsidiary employees). Each resolution received over 99.98% votes in favor, with the ESOP-related resolutions seeing the highest dissent at around 6,400 votes against (~22% among public non-institutional voters).
Routine AGM outcome with all resolutions passing comfortably; key items of shareholder interest are the revised remuneration for the Whole Time Director and ratification of the ESOP 2024 plan, which enables future stock option grants including to subsidiary employees. No material governance concerns as all resolutions crossed with overwhelming majority.