Reliable Data Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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Reliable Data Services Limited held its 24th Annual General Meeting on Monday, September 29, 2025, from 4:00 PM to 5:00 PM via video conferencing, with 30 members in attendance. Chairman-cum-Managing Director Mr. Sanjay Kumar Pathak chaired the meeting, with 6 of 9 directors present (3 Independent Directors were absent). Seven resolutions were tabled and all were passed with the requisite majority, including: adoption of audited financial statements for FY25, reappointment of Mr. Anil Kumar Jha (retiring by rotation), declaration of a final dividend on equity shares for FY 2024-25, reappointment of two Independent Directors whose terms were expiring, reappointment of M/s. Karmy and Company as Statutory Auditor for five years, appointment of M/s. Neha Mehra & Associates as Secretarial Auditor for five years, and prior approval for material related party transactions with subsidiary companies. The auditor's report contained no qualifications, observations, or adverse remarks.
The final dividend declaration is a positive signal for shareholders, confirming returns despite the small company size. Approval of material related party transactions with subsidiaries is a routine but important item for shareholders to monitor. The reappointment of directors and auditors is largely procedural, providing continuity in governance.