Pursuant to Regulation 44 (3) of SEBI (LODR) regulations, 2015, we are enclosing herewith Scrutinizer''s Report and Voting Results i.r.o. remote e- Voting and e- Voting conducted on 20th ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Springform Technology Ltd (Scrip Code: 501479) submitted the voting results and scrutinizer's report for its Annual General Meeting held on 20th August 2025 through video conferencing. All 15 resolutions were passed with the required majority, including adoption of financial statements, appointment of statutory and secretarial auditors, and appointment of Mr. Paramjeet Singh Chhabra as Managing Director. Key corporate actions approved include the change in object clause of the Memorandum of Association, an increase in authorised share capital, and a preferential issue of up to 1,00,50,000 equity shares to promoters and non-promoters. Shareholders also approved shifting the registered office from Maharashtra to Delhi, higher borrowing limits under Section 180(1)(c), and a material related party transaction with Inertia Aluminium Private Limited (wholly owned subsidiary). Voting was light: only 5 promoter group members cast 35,050 votes (100% in favour); no public shareholders cast their votes despite holding 14,950 shares.
Retail shareholders should note the approved preferential issue of up to 1,00,50,000 equity shares and the office relocation to Delhi, both of which signal significant upcoming changes to the company's capital structure and operations. The absence of public shareholders in voting (despite 14,950 shares held) means minority investors had no voice in approving these major decisions.