We hereby submit the scrutinizer''s report as received from M/s. Akash & Co. on the voting results of the EGM held on March 12, 2026.
Awaiting price reaction for this filing.
Pasupati Fincap Ltd held an Extra-Ordinary General Meeting on March 12, 2026, via video conferencing, where four special resolutions were put to vote. All four resolutions failed to secure the required 75% majority. Resolution 1 (change of company name and amendment of MoA/AoA) received 71.11% in favour but fell short of the special resolution threshold. Resolution 2 (reduction of share capital) was heavily rejected with only 20.77% in favour. Resolution 3 (borrowing in excess of paid-up capital and free reserves under Section 180(1)(c)) got 66.91% support, also short of the required threshold. Resolution 4 (authorisation of loans, investments, guarantees under Section 186) received 70.82% in favour. None of the proposed corporate actions have been approved by shareholders.
Shareholders have rejected all proposed corporate actions, meaning no name change, no capital reduction, and no expanded borrowing or investment powers for the company. This is a significant setback for management's plans and may delay or require restructuring of their proposed initiatives. The stock could see negative sentiment given the broad-based rejection across all resolutions.