E-voting Result 83rd AGM held on 11.07.2025
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Rajputana Investment & Finance Limited held its 83rd Annual General Meeting on July 11, 2025, at 3:00 PM at its registered office in Thrissur, Kerala, concluding in just 5 minutes by 3:05 PM. Three resolutions were tabled and all passed with near-unanimous approval (99.999% in favour): (1) Ordinary resolution to adopt the audited financial statements for FY ending March 31, 2025; (2) Special resolution to renew the park and sale commission arrangement with related party BRD Car World Limited under Section 188 of the Companies Act 2013; and (3) Special resolution to appoint Ms. Liya Antony as Secretarial Auditor for a five-year term. Of the total 30.80 lakh equity shares, about 18.72 lakh shares (60.78%) were polled, with promoter group (holding ~74.6% of the company) voting entirely in favour. Public non-institutional shareholders showed some dissent, with 18 votes against each resolution (~14.17% of public votes polled against). No invalid votes were recorded, and the scrutinizer's report was issued by Ms. Liya Antony (ACS 39611) of Liya and Associates.
This was a routine, non-controversial AGM with all resolutions passing easily. The only item of note for shareholders is the renewal of the related-party transaction with BRD Car World Limited, which was approved despite being a related-party deal. The extremely short 5-minute meeting and overwhelming promoter support (100% from the ~74.6% promoter stake) suggest no meaningful governance challenges, though low public shareholder participation limits the signal value for minority investors.