Voting Result with scrutinizer report for the Annual General Meeting held on 30th July, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Unifinz Capital India Ltd (formerly Shree Worstex Limited, BSE Scrip Code: 541358) held its 42nd AGM on 30th July, 2025 through video conferencing. All 8 resolutions were passed with overwhelming shareholder approval, each receiving approximately 99.9999% votes in favor (53,30,760 shares) with just 1 vote against. The resolutions included: adoption of audited financial statements, re-appointment of Mr. Pawan Kumar Mittal as a director, increase in authorized share capital and alteration of the MoA capital clause, appointment of statutory auditors (M/s R Gopal & Associates to fill casual vacancy), appointment of M/s Singh US & Associates as secretarial auditors, increase in borrowing limits under Section 180(1)(c), and creation of charge on company properties under Section 180(1)(a). Total votes polled represented about 60.21% of outstanding shares, with 55 shareholders attending through VC.
The near-unanimous approval signals strong shareholder confidence in management's proposals. The passing of the authorized share capital increase and higher borrowing limits gives the company flexibility to raise fresh capital or debt in the future, which could lead to dilution or higher interest burden depending on how these powers are exercised. The pledging of company assets as security for borrowings is also a watch-out point for retail investors monitoring the company's debt and asset position.