Dear Sirs/Madam, Pursuant to regulation 30 of the SEBI LODR,2015, please find herewith proceedings of the 32nd AGM of the Company held on Friday, September 12, 2025 at 12:15 P.M. through ....
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QGO Finance Ltd held its 32nd AGM on September 12, 2025, via Video Conferencing, from 12:15 PM to 1:09 PM, with 46 members in attendance. Five resolutions were transacted: adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Mrs. Deepika Nath as a director retiring by rotation (ordinary resolutions), and three special resolutions covering an increase in managerial remuneration of Managing Director Mrs. Rachana Singi beyond 5% of net profits, and amendments to the Memorandum and Articles of Association. Both the Statutory Auditor and Secretarial Auditor reports contained no qualifications or adverse remarks. Voting was conducted electronically through NSDL, with results to be announced within two working days.
Routine AGM proceedings with clean audit reports are neutral to mildly positive for shareholder confidence. The increase in MD remuneration beyond 5% of net profits may draw attention from shareholders concerned about payout versus profits, while the MOA/AOA amendments could signal upcoming changes in the company's business scope or structure.