Shradha Infraprojects Limited has informed the Exchange regarding voting results of Extraordinary General Meeting held on September 27, 2025
SHRADHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shradha Infraprojects Limited held its first EGM of FY 2025-26 on September 27, 2025, via video conferencing, where all 6 ordinary resolutions were passed with near-unanimous support (99.96% in favor, 0.04% against). The resolutions approved various related party transactions involving the company, its wholly owned subsidiary (Suntech Infra Estate Nagpur Pvt Ltd), its listed material subsidiary (Active Infrastructures Ltd), and step-down subsidiaries (Digvijay Shradha Infrastructure Pvt Ltd, Achievers Ventures Pvt Ltd). Promoters holding 3.79 crore shares (about 75% of outstanding) abstained from all resolutions as interested parties, and only 43 public shareholders holding 63,156 shares (just 0.12% of total outstanding shares) cast votes. CS Riddhita Agrawal served as scrutinizer and confirmed all resolutions were passed with requisite majority.
The approvals clear the way for the company to execute multiple related party transactions across its group entities without further shareholder consent until the next AGM. The very low voting turnout (0.12% of outstanding shares) reflects that promoters were conflicted out, leaving a small public minority to approve these deals — shareholders should review the rationale and arm's-length nature of these inter-group transactions.