We are hereby submitting the Scrutinizer Report for EGM held on 12th August, 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sharpline Broadcast Limited held an Extra-Ordinary General Meeting (EGM) on 12th August 2025 via video conferencing. Two special resolutions were put to vote. Resolution 1 was to approve an investment in KDM Business Network Limited to make it a subsidiary company, and Resolution 2 was to authorize investments under Section 186 of the Companies Act, 2013. Both resolutions passed with strong shareholder support — 93.18% of valid votes (5,155 votes by 63 members) in favour versus 6.81% (377 votes by 17 members) against. The scrutinizer, Mr. Vivek Kumar (Practicing Company Secretary), submitted his report on 13th August 2025. No invalid votes were recorded on either resolution.
Shareholders have approved Sharpline Broadcast's investment in KDM Business Network Limited, paving the way for it to become a subsidiary company. This is a structural change for the company that could expand its business footprint, though the small total vote count (5,532 votes) suggests limited retail participation in the decision.