Voting Results of 31st Annual General Meeting
Awaiting price reaction for this filing.
Innocorp Ltd held its 31st Annual General Meeting on September 29, 2025, at its registered office in Banjara Hills, Hyderabad, where all four resolutions were passed with near-unanimous support. The resolutions covered: (1) adoption of the audited financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Prasad VSS Garapati as Director (retiring by rotation), (3) his re-appointment as Whole-Time Director, and (4) appointment of Secretarial Auditors. Out of 7,941,400 total outstanding shares, only 2,478,420 votes (31.2%) were polled, with 99.99% in favour and just 1 vote against each resolution. Promoter group participation was high at 91.9% of their holding, while public shareholders' turnout was very low at just 5.6% of their holding. Voting was conducted via both e-voting (Sept 26–28) and physical poll at the AGM, scrutinized by Jineshwar Kumar Sankhala of P.S. Rao & Associates.
This is a routine, uncontested AGM filing — all resolutions passed cleanly with negligible dissent, so no near-term price impact is expected. The very low public shareholder turnout (5.6%) is typical for a small-cap company with concentrated promoter holdings, and the re-appointment of the Chairman as Whole-Time Director signals management continuity.