Submission of Voting Results for 34th Annual General Meeting of the Company held on 30th September, 2025
Awaiting price reaction for this filing.
Wisec Global Limited held its 34th AGM on 30 September 2025 and all 9 resolutions were approved by shareholders. Out of 4,474 shareholders on the record date, only 24 attended the meeting, and just 1,44,990 votes were polled — only 1.34% of the total 1,08,00,100 outstanding shares. Every resolution received over 93% votes in favour (with about 6% against). Key items approved include adoption of FY25 financial statements, reappointment of Ms. Afrin and Mr. Rakesh Rampal (Whole Time Director), adoption of new Memorandum and Articles of Association, alteration of the main objects clause, increase in borrowing limits, and authorisation to issue secured/unsecured non-convertible debentures on a private placement basis. Notably, the promoter group holding 32,00,000 shares (around 29.6% of the company) did not cast any votes.
The passing of all resolutions gives the company a clear mandate to alter its objects, raise borrowings, and issue NCDs privately — potentially paving the way for new business activities or debt fundraising. However, the extremely thin voting turnout and the absence of promoter voting mean the results reflect only the views of a tiny fraction of the shareholder base, so retail investors should view the outcome as procedural rather than broadly supported.