Span Divergent Limited- E-voting Result and scrutinizer''s Report for 45th Annual General Meeting held on September 29, 2025
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Span Divergent Limited (formerly Span Diagnostics Ltd) held its 45th AGM on September 29, 2025, via video conferencing, and all six resolutions were passed. These included adoption of the audited financial statements for FY ending March 31, 2025 (97.46% in favour), re-appointment of Dr. Shefali Desai as director (97.43% in favour), re-appointment of M/s. Y. B. Desai & Associates as statutory auditors (97.46% in favour), and appointment of M/s. Mitesh Rana & Co. as secretarial auditor (97.46% in favour). Two related-party transaction resolutions also passed, though with narrower margins of 53.46% in favour, since promoter/promoter group votes were excluded due to conflict of interest. The company had 2,162 shareholders on the cut-off date of September 22, 2025, with 22 members attending the AGM through VC. Mitesh Rana & Co., Company Secretaries acted as scrutinizer for the e-voting process.
All routine AGM resolutions passed comfortably, signalling smooth governance with no shareholder dissent on financial statements or auditor appointments. The two related-party transaction resolutions passed with only ~53% in favour (promoters excluded), indicating notable public shareholder opposition (~46.5% against), which retail investors may flag as a governance concern worth monitoring.