Udayshivakumar Infra Limited has informed the Exchange about General Updates
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Udayshivakumar Infra Limited held an Extra Ordinary General Meeting on May 19, 2025, where three special resolutions were passed with overwhelming shareholder support. All three resolutions received 99.99% votes in favor, with only 428 votes (0.001%) against. The resolutions covered: (1) re-appointment of Mr. Udayshivakumar as Managing Director, (2) appointment of Mr. Kencha Reddy Hanumantha Reddy as Non-Executive Non-Independent Director, and (3) appointment of Mr. Akshay Vijay Raichurkar as Independent Director. Out of 5,53,57,142 outstanding shares, 3,61,46,446 votes (65.30%) were polled. Notably, 3,61,34,100 votes from 4 promoter-related party members were excluded from the count. Of the 32,586 shareholders on record, 34 attended the meeting in person or through proxy.
The successful passage of all three resolutions confirms continuity in leadership with the re-appointment of the Managing Director and adds new board members, strengthening governance. The near-unanimous approval signals strong shareholder confidence, though the high abstention by promoter-related parties (~65% of outstanding shares excluded) means independent shareholder participation was relatively limited.