We hereby submit the Voting Results of Extra Ordinary General Meeting held on 28th April, 2025 under regulation 44 of SEBI (LODR) Regulations, 2015.
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Sharpline Broadcast Limited held an Extra Ordinary General Meeting on 28th April 2025 via video conferencing, where all four resolutions were passed with requisite majority. Three new directors were appointed: Mr. Ankit Kakran and Mr. Satyabrata Mukherjee as Non-Executive Independent Directors, and Ms. Urmil Gupta as Non-Executive Non-Independent Director. A Special Resolution was also approved authorising the Board to give loans, guarantees, or make investments under Section 186 of the Companies Act. Voting was overwhelmingly in favour across all resolutions, with 11,725 votes (98.61%) in support and only 165 votes (1.39%) against. Notably, participation was very low — only 38 public shareholders attended via VC, no promoter shareholders voted, and just 11,890 votes were polled out of roughly 1.68 crore total shares. The EGM was scrutinised by Mr. Vivek Kumar of V Kumar and Associates, Company Secretaries, who confirmed the process was fair and transparent.
For shareholders: the addition of two independent directors should strengthen board oversight and governance. The Section 186 authorisation gives management flexibility to extend loans or make investments beyond statutory limits, which could fund future growth but also warrants monitoring on how this power is used. Low voting turnout (promoters did not participate) is typical for this small-cap but means the resolutions were technically approved by a very thin slice of the shareholder base.