Scrutinizers Report on remote e-voting process and Venue e-voting facility provided to the Shareholders at the 1st (1/2025-26) Extra Ordinary General Meeting held through VC
Awaiting price reaction for this filing.
AJEL Ltd held its 1st Extra-Ordinary General Meeting (EGM) of FY 2025-26 on 20th February 2026 through video conferencing, with remote e-voting open from 16th to 19th February 2026. Two special resolutions were put to vote: (1) regularization of Mrs. Usha Rani Kanteti (DIN: 11351876) as Independent Director, and (2) regularization of Mr. Lakshmi Narayan Vuppuluri (DIN: 05263132) as Independent Director. Both resolutions were passed with overwhelming approval — 29 members voted, representing 5,128,559 shares, with 99.999% voting in favour and only 60 shares (0.001%) against. There were no invalid or abstained votes. The scrutinizer, Mr. CV Reddy K, confirmed the resolutions were passed with the requisite majority.
Both independent director appointments have been formally approved by shareholders, strengthening board composition. The near-unanimous support signals strong shareholder alignment and is unlikely to have any material impact on stock price as it is a routine governance matter.