Scrutinizer Report for the e-voting for approving Resolutions passed at the 39th AGM held on 09th September 2025 is attached herewith.
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V.B. Desai Financial Services filed the scrutinizer's report for its 39th Annual General Meeting held on 9th September 2025 via video conferencing. All 5 resolutions in the AGM notice were approved by shareholders with the requisite majority. Resolution 1 (adoption of FY25 audited accounts) and Resolution 4 (appointment of Amosh Archapelli & Associates as Secretarial Auditor for 5 years from FY26) passed with 100% votes in favour. Resolution 2 (reappointment of Mrs. Rachana S. Vijayakar) passed with 97.25% in favour. Resolution 3 (reappointment of Mr. Jitendra R. Shroff) and Resolution 5 (approval of Related Party Transactions, a Special Resolution) passed with 84.31% and 100% in favour respectively; promoters abstained from voting on these two as they were interested parties. Overall voting turnout was about 49% on resolutions where promoters voted and about 15% on resolutions where they abstained.
This is a routine post-AGM regulatory disclosure confirming shareholder approval of all agenda items; no material impact on share price is expected. The appointment of a new secretarial auditor for a 5-year term and the approval of related party transactions are the key corporate governance outcomes for shareholders.