Submission of Voting Results of Extra-Ordinary General Meeting of the Company.
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Svarnim Trade Udyog Ltd held an Extra-Ordinary General Meeting on 23 April 2025 via video conferencing, which lasted just 5 minutes (3:03 PM to 3:08 PM). Shareholders voted on one special resolution: reduction of the company's share capital. A total of 88,397 votes were polled, representing only 3.64% of the 2,431,500 outstanding shares. Of those polled, 88,355 votes (99.95%) were in favour and 42 votes (0.05%) were against. The promoter group, despite being declared interested in the resolution, did not cast any votes, and no public institutions voted. The resolution was passed.
Capital reduction usually means writing off accumulated losses or cancelling shares, which can affect earnings per share and the share price. With very low voter turnout (only 3.64% of shares polled) and zero promoter participation, retail investors should watch for further disclosures on the purpose and effective date of the reduction, as it could change the face value or number of outstanding shares.