Outcome of the Annual General Meeting of the Company held on September 30, 2025
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Rap Corp Ltd (formerly Rap Media Limited) held its 31st AGM on September 30, 2025 via video conferencing from 11:00 AM to 11:29 AM, with 28 members present. All 4 resolutions were passed, including adoption of FY25 audited financial statements, reappointment of Managing Director Mr. Rupinder Singh Arora (who retires by rotation), appointment of M/s. Jain Vinay & Associates as Statutory Auditors for a second 5-year term, and approval of remuneration for Non-Executive Director Ms. Ritika Arora. Voting results showed promoters voted 100% in favor (2,332,190 shares), while public non-institutional shareholders voted 82.03% in favor and 17.97% against, resulting in an overall 93.22% approval across all resolutions. The auditor's report contained no qualifications, though both Independent Directors and the Secretarial Auditor were absent due to prior commitments.
Routine AGM outcome — all standard resolutions passed with strong promoter support and comfortable public approval (~93%). No material surprises for shareholders; the 17.97% dissent from public shareholders on every resolution, while notable, is unlikely to move the stock significantly.