AGM VOTING RESULT & REPORT OF SCRUTINIZER
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Vikas WSP Limited held its Adjourned 36th Annual General Meeting on September 8, 2025 via video conferencing, after the original AGM on August 30, 2025 was adjourned due to lack of quorum. Two ordinary resolutions were tabled and both passed: (1) adoption of the audited financial statements, and (2) appointment of Mr. Pawan Singla (DIN: 08913655) as a director retiring by rotation. Both resolutions were carried with 76,315 votes in favour (88.40%) and 10,010 votes against (11.60%). Only 86,325 shares were voted out of 204,439,600 outstanding shares, representing a very low participation of 0.0422%. The promoter group (holding 29,757,164 shares) and public institutions (holding 46,197 shares) did not participate in the voting. The company continues to operate under the Corporate Insolvency Resolution Process (CIRP) since February 2, 2022, with Mr. Darshan Singh Anand as the Resolution Professional.
The extremely low voting turnout (0.04% of outstanding shares) is unusual and signals weak shareholder engagement, which may concern retail investors. With the company still under CIRP for over three years, normal corporate formalities continue but the insolvency resolution process remains pending, which keeps the stock's outlook uncertain. The resolutions passed technically but the thin participation means outcomes are not broadly representative of shareholder sentiment.