Silver Touch Technologies Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 26, 2025
SILVERTUC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Silver Touch Technologies held its 31st Annual General Meeting on August 26, 2025, via video conferencing, lasting about 19 minutes. Twelve resolutions were put before shareholders, including adoption of audited financial statements for FY25, declaration of a dividend, and re-appointment of two directors retiring by rotation. Special resolutions covered the re-appointment of the Managing Director and four Whole-time Directors, an increase in the board's borrowing limit under Section 180 of the Companies Act, and permission to create charges on the company's assets to support that borrowing. The statutory auditor's report and secretarial audit report both contained no qualifications or adverse remarks. E-voting took place from August 23 to 25, 2025, and voting results were to be declared within 48 hours of the meeting's conclusion.
Shareholders are likely to see a dividend payout for FY25, and management continuity is maintained with the re-appointment of key directors. The proposed increase in borrowing limits and permission to pledge company assets signals the company may be planning to raise additional debt, which could fund growth but also increases financial risk if not matched by earnings growth.