Scrutinizer''s Report for the E-Voting/Remote E-Voting for the First EGM of the Company held on 2 May 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The company held its 1st Extra-Ordinary General Meeting for FY 2025-26 on 2 May 2025 through video conferencing. Shareholders approved all four ordinary resolutions, including the appointment of Ms. Hina (DIN: 09534689) as Director, and the appointment and remuneration of Mr. Surinder Kumar Kalra, Ms. Hina, and Mr. Shah Adnan Khan as Whole-Time Directors. However, both special resolutions failed: the proposal to change the Objects Clause and alter the Memorandum of Association (Item 7), and the revision of loan agreement terms with various entities (Item 8), did not secure the required 75% majority. Total votes cast were 936,506 shares, with 650,106 (69.42%) in favour and 286,400 (30.58%) against across all resolutions. The same identical voting pattern across every resolution suggests a consistent shareholder block voting against.
The new Whole-Time Directors are now formally appointed and their remuneration is approved, stabilizing the management team. However, the failure of both special resolutions is significant for shareholders — the company cannot alter its main business purpose or revise loan terms without re-tabling these items, indicating roughly 31% of voting shareholders actively opposed these changes.