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Awaiting price reaction for this filing.
Unipro Technologies held its 40th AGM on August 30, 2025, via video conferencing, where 7 resolutions were put to vote. Out of 6,084,900 total shares, 3,930,739 votes (64.6%) were polled, and the 3 ordinary resolutions — adoption of FY25 financial statements, re-appointment of Managing Director D.V. Ramana Reddy, and appointment of Chakravarthy & Associates as auditor — were passed with 57.59% in favor. All 4 special resolutions — appointment of three Independent Directors (P.S. Vijayender Goud, Eppalapalli Ramesh, Sandra Sudheer Kumar) and one Whole-Time Director (Pudvi Raj Thandakamalla) — were rejected because they fell short of the 75% majority required for special resolutions. Promoters (holding 1,702,078 shares, 28% stake) voted 100% in favor of every resolution, while public non-institutional shareholders (holding 4,382,822 shares) voted 74.81% against every resolution.
The rejection of 4 of 7 resolutions is a significant governance red flag — public shareholders, who hold 72% of the company, openly opposed all board appointments including the Whole-Time Director. The company will need to re-propose these appointments, and shareholder unrest of this scale could weigh on the stock and create uncertainty around board composition.