SLSamsrita Labs539267EGM

EGM outcome: all three resolutions passed, including two related-party transactions with S Labs Hygiene Care

1st EGM for FY 2026-27 held on 26.10.2026 via video conference, from 11:02 a.m. to 11:19 a.m.

By ScoutQuest · Mon 26 Oct 2026, 6:40 PM IST · 2 min read

EGM Date

26.10.2026, 11:02 a.m. to 11:19 a.m. via video conference

Resolutions Passed

All 3 ordinary resolutions were passed

Votes in Favour (Res 1 & 2)

4226328 votes polled, 99.272% in favour

The 1st Extra-Ordinary General Meeting of Samsrita Labs Ltd for FY 2026-27 was held on Monday, 26.10.2026 at 11:02 a.m. through video conference and other audio-visual means, and concluded at 11:19 a.m. A total of 88 members attended through video conference. The record date was 19-10-2026, when the company had 2643 shareholders on record.

What was put to vote

• To approve the Material Related Party Transaction with S Labs Hygiene Care Private Limited.
• Approval of a Material Related Party Transaction with S Labs Hygiene Care Private Limited for investment by way of subscription to Compulsorily Convertible Preference Shares (CCPS).
• Approval for availing an unsecured loan from Mr. Ravikanth Naga Pattabhi Chopperla, Non-Executive Director of the company, as a Material Related Party Transaction.

All three were ordinary resolutions and all three were passed.

Simple terms

• A related party transaction is a deal between the company and a party connected to it, such as a promoter group company or a director. When it crosses certain size limits it becomes "material" and needs shareholder approval.
• Compulsorily Convertible Preference Shares (CCPS) are preference shares that must convert into equity shares at a later date as per their terms.
• The third resolution covers a loan taken by the company from one of its own non-executive directors, which is also treated as a related party transaction.

How the voting went

The promoter and promoter group held 5786657 shares and polled 0 votes, since they are interested in the related party resolutions. Public non-institution shareholders held 16963053 shares, and total shares stood at 22749710.

Resolution 1 and Resolution 2 recorded the same numbers

• Votes polled: 4226328, equal to 24.9149% of outstanding shares.
• Votes in favour: 4195559, or 99.272% of votes polled.
• Votes against: 30769, or 0.728% of votes polled.

M/s. Vivek Surana & Associates, Practicing Company Secretaries, was appointed as the Scrutinizer for the remote e-voting and e-voting at the meeting. Voting was carried out electronically, so there was no proposing or seconding of resolutions and no voting by show of hands.

What this means for a retail shareholder

The resolutions give the company shareholder approval for three connected-party arrangements: two dealings with S Labs Hygiene Care Private Limited, including an investment through CCPS, and an unsecured loan from a non-executive director. The approval was carried with a large majority of the votes cast, with a small minority voting against. These are enabling approvals for related party transactions.

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