Outcome of Voting Results & Scrutinizer Report for the 32nd AGM.
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Shakti Press Ltd held its 32nd Annual General Meeting on September 26, 2025, via video conferencing, where all 6 resolutions were passed unanimously with 100% votes in favour. Key resolutions include adoption of FY25 audited financial statements, appointment of Mr. Subrat Banerjee as Executive Director at Rs. 25,000/month, appointment of Mr. Pradip Channe as Independent Director for a 5-year term, and appointment of M/s. Jain Paranjape & Associates as Secretarial Auditor for 5 years. Shareholders also approved increasing the authorised share capital from Rs. 11 crore to Rs. 16.53 crore, and a special resolution to issue up to 1 crore convertible equity warrants on a preferential basis. Only 22 members voted (1,017,645 shares) out of 3,091 shareholders on record date, indicating very low voter turnout.
The approval of up to 1 crore convertible warrants on a preferential basis and the hike in authorised capital signal the company is preparing to raise fresh funds, which could lead to equity dilution for existing shareholders. The unanimous passage of all resolutions avoids any governance disputes, though the very low participation (22 voters) means results largely reflect promoter intent.