Scrutinizers Report
Awaiting price reaction for this filing.
Innocorp Limited held its 31st Annual General Meeting on Monday, September 29, 2025, at 4:00 PM at its registered office in Banjara Hills, Hyderabad, chaired by Whole-Time Director Prasad VSS Garapati. Four resolutions were transacted: (1) adoption of audited financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Prasad VSS Garapati as a Director (retiring by rotation), (3) his re-appointment as Whole-Time Director via special resolution, and (4) appointment of Secretarial Auditors. Voting was conducted through e-voting from September 26–28, 2025 and physical poll at the AGM, with a total of 2,478,420 votes polled (31.21% of the 7,941,400 outstanding shares) out of 5,823 shareholders on record. All four resolutions passed with overwhelming support — 2,478,419 votes in favour and just 1 vote against each (negligible), as confirmed by scrutinizer Jineshwar Kumar Sankhala of P.S. Rao & Associates.
Routine AGM business completed smoothly with near-unanimous shareholder approval on all four items. The re-appointment of Mr. Prasad VSS Garapati as Whole-Time Director confirms management continuity. Low voting turnout (~31% of outstanding shares) reflects the company's promoter-heavy shareholding structure, with minimal opposition on any resolution — no material governance concerns raised.