This is to inform you that the Extraordinary General Meeting(EGM) of the Company held on Monday, 7th April, 2025 at 3.30 pm throuhg Video Conferencing-Other Audio Visual Means. Please ....
Awaiting price reaction for this filing.
AJR Infra And Tolling Ltd held an Extraordinary General Meeting on April 7, 2025, via video conferencing to vote on two resolutions. Resolution 1 was a Special Resolution to re-appoint Mr. Mineel Mali as Whole-Time Director for three years; Resolution 2 was an Ordinary Resolution to appoint Ms. Komal Goel as Independent Director for five years. Initially, voting was tight with about 63.4% in favour and 36.6% against on both resolutions, meaning Resolution 1 (needing 75% for a special resolution) would have failed. A shareholder, Mr. Rakesh Sharad Chowdhary, submitted a letter stating he had voted against both resolutions by mistake and intended to vote in favour. The Chairman accepted this and invalidated 7,00,000 votes (roughly 35% of total polled votes), after which both resolutions were declared passed with requisite majority.
The outcome secures the re-appointment of Mr. Mineel Mali as Whole-Time Director and brings Ms. Komal Goel on board as Independent Director, providing board continuity. However, the Chairman's decision to invalidate a large block of votes based on a single shareholder's claim of 'mistaken voting' raises corporate governance concerns and may attract scrutiny from minority shareholders and regulators.