Unicommerce Esolutions Limited has submitted the Exchange a copy of Srutinizers report of Annual General Meeting held on September 30, 2025.
UNIECOM · price
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Unicommerce eSolutions held its 14th AGM on September 30, 2025 via video conferencing, and all 7 resolutions were approved by shareholders. Out of 1,06,348 shareholders on record date (September 23, 2025), about 61.8% of outstanding shares (6.88 crore shares) participated in voting. Key resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Bharat Venishetti as director, appointment of Price Waterhouse Chartered Accountants LLP as new statutory auditor in place of S.R. Batliboi & Associates LLP, appointment of CS Naresh Verma as secretarial auditor, approval of MD & CEO Mr. Kapil Makhija's remuneration for FY26, waiver of recovery of additional perquisite given to the MD, and approval of a preferential equity share allotment. Notably, the company allotted 20,65,664 ESOP shares on September 1, 2025, taking total equity shares to 11,13,62,085. On the MD remuneration resolution, institutional investors showed meaningful dissent with about 30.6% voting against, while overall approval was 97.2%.
For shareholders, the results are largely routine and shareholder-friendly, with sweeping approval on most items. The auditor switch from S.R. Batliboi to Price Waterhouse and the approval of a preferential share issue are worth monitoring, as the latter could lead to equity dilution. The notable 30% institutional dissent on the CEO's remuneration may attract some governance attention but is unlikely to materially impact the stock.