Univastu India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2024
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Univastu India held its 16th AGM on September 27, 2025 in Pune, attended by 41 shareholders, with all 13 resolutions passed unanimously. Key business items included adoption of audited financial statements for FY 2024-25, appointment of new statutory auditors (M/s D R B S V and Associates) and secretarial auditors (M/s MSN Associates). Shareholders approved a significant hike in authorised share capital to Rs. 50 crore (5 crore equity shares of Rs. 10 each) and greenlit the issuance of bonus shares through capitalisation of reserves or securities premium. The meeting also approved related party transactions with four group entities and re-appointed/appointed directors including Mr. Narendra Bhagatkar (Whole Time Director) and Mr. Rajiv Kapoor (Independent Director), each for a 5-year term. E-voting was conducted from September 24 to September 26, 2025, with results to be declared within 48 hours by the scrutiniser.
The bonus share approval is a positive signal for existing shareholders, rewarding them through capitalisation of reserves. The authorised capital increase to Rs. 50 crore gives the company flexibility for future fundraising or expansion, though it could also lead to dilution later. Multiple related party transactions with group entities were cleared without shareholder objections.