Scrutinizer''s Report- 2nd EOGM_FY 2025-26
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vaxfab Enterprises Limited held its 2nd Extra-Ordinary General Meeting (EGM) for FY 2025-26 on December 27, 2025, at its registered office in Ahmedabad, lasting just 20 minutes (11:00 AM to 11:20 AM). Only one ordinary resolution was put to vote: the appointment of M/s Chandabhoy & Jassoobhoy, Chartered Accountants, as the new statutory auditor to fill a casual vacancy caused by the resignation of the previous auditor. Out of 3,447 shareholders on record (as of December 20, 2025), only 16 public shareholders attended in person, with zero promoter group participation. A total of 1,126,947 shares were polled, representing just 13.01% of the 8,660,000 outstanding shares. The resolution was passed unanimously with 100% votes in favour (1,126,947 shares) and zero votes against. Remote e-voting was conducted through NSDL between December 24-26, 2025.
The auditor change is a routine governance matter and was approved without any shareholder dissent, which is neutral to mildly positive. However, the very low voting turnout (~13%) and complete absence of promoter participation in voting is a red flag on governance engagement that investors should monitor. The fact that this was a casual vacancy appointment (meaning the previous auditor resigned mid-term) warrants a watch for any further disclosures on the reasons for the auditor exit.