Scrutinizer report of voting result of scan projects limited as held on 06th day of May, 2025.
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Scan Projects Limited held an Extraordinary General Meeting (EGM) on May 6, 2025, at its registered office in Yamuna Nagar, Haryana. Two special resolutions were put to vote: (1) approval to increase the company's overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013, and (2) approval to make investments, give loans, guarantees, and provide security in excess of limits under Section 186 of the Companies Act, 2013. Both resolutions were passed with 22,29,462 shares (77.59%) voted in favour by 47 members, while only 600 shares (0.02%) were voted against by 5 members. A total of 6,43,238 shares held by 612 members were recorded as invalid or absent. The scrutinizer, Jai Prakash Jagdev (Practicing Company Secretary), confirmed the e-voting process was fair and transparent.
Shareholders have cleared the way for the company to raise higher borrowings and make larger investments or extend loans/guarantees, giving management greater financial flexibility for expansion or acquisitions.