Pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015, we hereby submit the Voting Results along with Scrutiniser Report i.r.o remote e- Voting and e- Voting conducted on 20th August, ....
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Springform Technology Limited held its Annual General Meeting on 20th August 2025 via video conferencing, where all 15 resolutions were passed with requisite majority. Total votes polled were 35,050 (70.10% of outstanding shares), with 100% voted in favor of every resolution and no votes against. Only 5 of 21 shareholders participated in voting, all from the promoter group (35,050 shares); public non-institutions holding 14,950 shares did not cast any votes. Key approvals include adoption of financial statements, appointment of statutory and secretarial auditors, appointment of Managing Director Paramjeet Singh Chhabra and two new independent directors (Rajiv Malik and Sanjay Kumar Garg), change in the object clause of the MoA, increase in authorised share capital, shifting of registered office from Maharashtra to Delhi, and issuance of up to 1,00,50,000 equity shares on a preferential basis to promoters and non-promoters.
All resolutions passed cleanly, enabling the company to raise fresh capital through preferential share issuance of up to ~1 crore equity shares, shift its registered office to Delhi, and expand its board. However, the extremely low public participation (zero votes from public non-institutions holding ~30% of shares) means shareholders should watch for potential dilution from the preferential allotment and monitor how the new independent directors and management appointments shape the company's direction.