Shareholders approve all resolutions at 32nd AGM including director appointments and capital reclassification
At the 32nd AGM held on 30 September 2026 via video conference, members approved all resolutions.
- AGM Date
- 30 September 2026
- Meeting Format
- Video conference
- New Executive Director & CFO
- Mr. Nitesh Jain appointed
- New Independent Director
- Mrs. Varsha Namra Paun appointed
- Capital Reclassification
- Authorised share capital preference shares reclassified into equity shares
What was shared
The company informed BSE under Regulation 30 of SEBI (LODR) that shareholders at its 32nd Annual General Meeting, held on 30 September 2026 through video conference and other audio-visual means, considered and approved all items placed before them.
Resolutions approved
- Adoption of financial statements, including consolidated audited financial statements.
- Re-appointment of Mr. Anop Chand Jain, who retired by rotation and offered himself for re-appointment.
- Appointment of Mr. Nitesh Jain as Executive Director & Chief Financial Officer, along with his terms, conditions and remuneration.
- Appointment of Mrs. Varsha Namra Paun as an Independent Director (non-executive).
- Reclassification of authorised share capital preference shares into equity shares, with consequent alteration of the capital clause of the Memorandum of Association.
- Remuneration of Mr. Gajraj Jain, Joint Managing Director.
- Remuneration of Mr. Anop Chand Jain, Managing Director.
- Remuneration of Mr. Navin Jain, Director.
- Increase in remuneration of Mr. Ashish Jain, Director.
How to read this
This is the routine post-AGM intimation confirming shareholder approval. Beyond the usual annual items, it records leadership changes — a new Executive Director & CFO and a new Independent Director — and a change to the structure of the authorised share capital, converting the preference share portion into equity shares. Such a reclassification alters the composition of authorised capital, not the shares already issued to shareholders.
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