Meeting Details

  • Date: Tuesday, September 29, 2026
  • Time: Commenced at 11:00 AM, concluded at 11:18 AM
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Type: Annual General Meeting
  • Chairman: Mr. Vishal Mehta, Chairman and Managing Director

Proposed Resolutions and Implications

The following eight resolutions were transacted at the meeting:

1. Ordinary Resolution: To receive, consider and adopt:

  • The audited standalone financial statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors
  • The audited consolidated financial statements for FY ended March 31, 2026, with report of Auditors

2. Ordinary Resolution: To appoint Mr. Vishwas Ambalal Patel (DIN: 00934823) who retires by rotation and offers himself for re-appointment

3. Special Resolution: Approval for revision in remuneration of Mr. Vishal Ajitbhai Mehta (DIN: 03093563), Managing Director

4. Special Resolution: Approval for revision in remuneration of Mr. Vishwas Ambalal Patel (DIN: 00934823), Managing Director and Chief Executive Officer

5. Ordinary Resolution: Approval of related party transaction for payment of remuneration to Mr. Vivek Patel (relative of Director)

6. Special Resolution: Alteration/Variation in Objects of the Rights Issue mentioned in Letter of Offer dated June 19, 2025

7. Ordinary Resolution: Consolidation in Face Value of Equity Shares of the Company

8. Ordinary Resolution: Alteration to Capital Clause in Memorandum of Association

Voting Process

  • Remote e-voting facility was provided to members from Friday, September 25, 2026 (09:00 AM) to Monday, September 28, 2026 (05:00 PM)
  • Cut-off date for membership: Tuesday, September 22, 2026
  • E-voting facility was also provided during the AGM for shareholders who had not cast their vote earlier
  • Voting results in prescribed format under Regulation 44 are being submitted separately
  • Scrutinizer's Report and consolidated voting results will be placed on company website (www.avenuesai.com), NSDL website (www.evoting.nsdl.com), and communicated to BSE and NSE

Compliance and Additional Information

  • Meeting conducted in accordance with circulars issued by MCA and SEBI
  • Members attending through VC/OAVM were counted for quorum purposes
  • Notice of AGM and Annual Report sent electronically to members with registered email addresses
  • No qualifications reported by Statutory Auditors or Secretarial Auditors in their respective reports
  • Two Independent Directors (Ms. Girija Krishan Varma and Ms. Neharika Vohra) could not join due to pre-occupation