Voting Results and Scrutinizers Report of the 41st Annual General Meeting of the Company held on Tuesday, 23rd September, 2025 at 12:00 P.M.
Awaiting price reaction for this filing.
Bluegod Entertainment Limited (formerly Indra Industries Limited) held its 41st AGM on 23rd September 2025 via video conferencing, where all six resolutions were approved by shareholders. The ordinary resolutions covered adoption of FY25 audited financial statements, re-appointment of Ms. Afsana Mirose Kherani (DIN: 09604693) as director, and appointment of M/s Vishakha Agrawal & Associates as secretarial auditor for a 5-year term (FY26-FY30). Three special resolutions were also passed: approval to advance loans and provide guarantees under Section 185, increasing the investment/loan/guarantee threshold under Section 186 to Rs. 250 Crores, and raising the FPI/FII shareholding limit to 49% of paid-up equity capital. Only 0.230% of outstanding shares (12,65,489 out of 55,05,50,950) were polled, with all votes coming from public non-institutional shareholders — promoter and institutional categories recorded zero shares held and zero votes.
Routine AGM business was cleared, but the board has now secured wide authority to deploy up to Rs. 250 Crores in loans, guarantees and investments, and to allow foreign portfolio investors to hold up to 49% of the company, signaling readiness for potential fundraising, acquisitions or related-party financial assistance. Shareholders should note the extremely low voting turnout and the absence of any promoter shareholding on record, which means these approvals were carried by a very thin sliver of public retail investors.