Voting Result of Extra ordinary General Meeting held on dt. 28.04.2025
RSDFIN · price
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RSD Finance Ltd held an Extraordinary General Meeting (EGM) on April 28, 2025, where shareholders voted on a single special resolution: reduction of the company's shareholding in its material subsidiary. A total of 12,222,126 votes were polled out of 12,946,480 outstanding shares, representing 94.41% participation. The resolution was passed with overwhelming approval — 12,222,124 votes (100%) in favor and just 2 votes against. The promoter and promoter group, who were interested in the resolution, voted unanimously in favor with all 9,707,436 of their shares. Public non-institutional shareholders also approved it nearly unanimously, with 99.9999% voting in favor. The result was certified by scrutinizer Sital Prasad Swain, Practicing Company Secretary.
The resolution sailed through with near-total support, so there is no negative surprise for the market. Shareholders should note that this changes the company's stake in a material subsidiary, which could affect future consolidated earnings and the scope of reported financials.