40th Annual General Meeting Outcome and Scrutinizer Report
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Unipro Technologies held its 40th AGM on August 30, 2025, via video conferencing from 11:30 AM to 11:59 AM, with 19 members attending. Seven resolutions were put to vote through remote e-voting, and 64.6% of outstanding shares were polled. The three ordinary resolutions — adopting FY25 audited financials, re-appointing Managing Director D. V. Ramana Reddy, and appointing Chakravarthy & Associates as auditor — were passed with about 57.59% of votes in favour. All four special resolutions, including appointments of three independent directors and a whole-time director, were rejected because they fell short of the 75% majority required for special resolutions. Notably, no institutional shareholders participated in the voting, and 42.41% of valid votes were against the resolutions.
Shareholders should note that the company failed to get enough support for board expansion — all four special resolutions (new independent directors and a whole-time director) were voted down, which may delay governance changes. The narrow margin on ordinary resolutions, with over 42% of public votes against, signals significant shareholder dissent that could weigh on stock sentiment.