Please find herewith Voting Results and Scrutinizers report of the 39th Annual General Meeting of the company.
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Virya Resources Ltd held its 39th AGM on September 30, 2025, via video conferencing, where 7 resolutions were put to vote. Out of 15,00,000 total shares, 11,99,224 shares (79.95%) were polled through remote e-voting. Six resolutions passed with overwhelming majority (over 99.97% in favour), including adoption of FY25 financial statements, re-appointment of Mr. Candra Winoto Salim, appointment of three directors (Mr. Harry Tri Respati, Mr. Arudji Kiswanto, and Ms. Madhireddy Venkata Subbalakshmi), and appointment of N. Madhavi & Associates as Secretarial Auditors. However, the resolution to appoint Mr. Kristianto as Independent Director was rejected, with 99.94% of votes cast against it. Promoters (holding 11,24,700 shares, or 74.98% of total) voted unanimously against this particular resolution, causing its defeat.
Six of seven resolutions were routine and passed easily, so minimal impact on shareholders. However, the rejection of Mr. Kristianto's appointment as Independent Director is unusual — promoters' opposition led to its failure, which may signal board-level disagreement and could require the company to propose a replacement candidate.