Voting Result of 30th Annual General Meeting along with Scrutinizer's Report.
VIKASLIFE · price
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Vikas Lifecare Limited held its 30th Annual General Meeting on September 29, 2025, from 12:30 PM to 1:05 PM, with 15 resolutions put to vote. The meeting covered routine items such as adoption of audited financial statements for FY25, reappointment of a retiring director, ratification of cost auditor remuneration, and appointment of secretarial auditors. It also included several special business items, including authorisation to borrow funds under Section 180, approval for loans and guarantees under Section 185, raising limits for loans and investments under Section 186, approval for related party transactions under Section 188, and appointment of new directors (executive, non-executive and independent). All 15 resolutions were passed with the required majority, with overall approval ranging from 98.81% to 99.99%. Promoters voted with 263.67 million shares, while total public participation was around 55.6 million shares, representing about 17.19% of outstanding shares.
All resolutions passed, so the company now has fresh shareholder approval to borrow funds, extend loans/guarantees, enter related party transactions, and onboard new directors. Worth noting: public institutional investors voted AGAINST several key resolutions (borrowings under Section 180/185/186, related party transactions, and certain executive director appointments) with 62.28% dissent in some cases, indicating some investor concern on governance and related-party matters even though promoters' majority carried the vote.