Udayshivakumar Infra Limited has informed the Exchange about General Updates
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Udayshivakumar Infra Limited held an Extra Ordinary General Meeting (EGM) on 19 May 2025 at its registered office in Davangere, Karnataka. Three special resolutions were put to vote, all of which were passed with overwhelming shareholder approval. 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 total outstanding shares, 3,61,46,446 shares (65.30%) were polled, with 3,61,46,018 votes (99.99%) in favour and only 428 votes against each resolution. Notably, 3,61,34,100 votes from 4 members were excluded for the Managing Director re-appointment as they were related parties. E-voting was conducted through NSDL from 16-18 May 2025, with scrutiny by Roshan Raikar, Company Secretary in Practice.
The near-unanimous approval reflects strong shareholder confidence in the company's leadership and governance. The re-appointment of the founder-promoter as Managing Director ensures management continuity, while the two new director additions strengthen the board. No meaningful dissent was recorded, suggesting stability and minimal governance concerns for shareholders.