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Purshottam Investofin Limited held its 36th AGM on September 26, 2025, via video conference from 4:30 PM to 4:52 PM, attended by 57 public shareholders (no promoter participation in voting). All 5 resolutions were approved with over 99.99% votes in favour. The resolutions included: (1) adoption of audited financial statements for FY ending March 31, 2025; (2) re-appointment of Mr. Pramod Kumar Jain (Whole Time Director) as director retiring by rotation; (3) appointment of M/s Kundan Agrawal & Associates as Secretarial Auditors; (4) ratification of related party transactions; and (5) a special resolution to increase investment limits in bodies corporate. Notably, only about 42.8% of total outstanding shares were polled, with all voting coming from public non-institutional shareholders.
Routine AGM business was cleared without opposition. The approval to raise investment limits in other companies gives the management more flexibility to deploy funds in inter-corporate investments, while the related party transaction ratification is something shareholders should monitor for governance. The absence of promoter voting and overall low voter turnout (~43%) reflects the company's small-cap, retail-heavy shareholder base and is not unusual for such firms.