In accordance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith summary of proceedings ....
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Safa Systems & Technologies Ltd held its 4th AGM on July 18, 2025, via video conferencing from 12:33 PM to 12:49 PM. The meeting was attended by all directors and 16 members. Seven resolutions were put to shareholders, including adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Ms. Sruthi Muhammed Ali as a director liable to retire by rotation, increase in authorized share capital with consequential alteration of the Memorandum of Association, reappointment of Mr. Faizal Bavaraparambil Abdul Khader as Managing Director, approvals under Sections 185 and 186 of the Companies Act for loans and guarantees, and appointment of a Secretarial Auditor. Voting results will be submitted separately. Members who did not vote during the prior e-voting window were given 15 minutes after the meeting to cast votes.
The key shareholder-relevant items include a proposed increase in authorized share capital (which may lead to future dilution if new shares are issued) and Section 185/186 approvals giving the company wider flexibility to lend or invest. Reappointment of the Managing Director signals leadership continuity. Voting results are pending and could influence short-term sentiment.