Xchanging Solutions Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 12, 2025
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Xchanging Solutions Limited held its 24th AGM on August 12, 2025 via video conferencing from 10:00 AM to 10:43 AM. All 8 resolutions were passed, including the adoption of audited financial statements, declaration of a final dividend of Rs 2 per equity share (20% on face value of Rs 10) for FY25, re-appointment of Mr. Kartik Ganapathy Iyer as director, and appointment of M/s. MAKS & Co. as Secretarial Auditors. Shareholders also approved the appointment of Mrs. Janaki Ashwin Patwardhan as Non-Executive Independent Director, along with three material related-party transactions between Xchanging Solutions (USA) Inc. and DXC Technology Services LLC, Xchanging Technology Services India, and CSC Covansys Corporation. Promoters (holding about 8.36 crore shares, 75%) voted unanimously in favor of resolutions where they were eligible to vote; for resolutions where promoters were interested (related-party transactions and the special resolution on independent director), promoters abstained, and the resolutions passed with about 86% approval among public shareholders voting.
The Rs 2 per share final dividend confirms a payout for FY25, and the clean passage of all routine AGM resolutions signals smooth governance with no contentious issues. Approval of related-party transactions maintains uninterrupted business operations within the DXC group, which is positive for operational continuity but worth noting for minority shareholders.