Consolidated Scrutinizer''s Report for the EGM held on 29th May 2026
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The Extra-Ordinary General Meeting was held on 29th May 2026 via video conferencing to consider a single resolution for reclassification of certain Promoter/Promoter Group members to the Public Category. The resolution passed as an Ordinary Resolution with overwhelming shareholder approval. Out of 1,316,972 total votes cast, 1,316,912 votes (99.9954%) were in favor and only 60 votes (0.0046%) were against. Votes from related parties were excluded from the count as per regulations. The meeting was conducted in compliance with Companies Act 2013 and SEBI LODR regulations.
This reclassification reduces the promoter group's held shares in the company's public shareholding calculation. For existing public shareholders, this may increase liquidity and free float, though the overall promoter holding will decrease once the reclassification is completed.