Nature of the Event
This is a Scrutinizer's Report submitted to the Bombay Stock Exchange, detailing the voting results from a class meeting of the company's Preference Shareholders. The meeting was convened to consider and approve a variation in the terms of issue of the company's 5% Redeemable Preference Shares, specifically to reduce their period of redemption.
Key Quantitative Figures & Voting Results
- The total number of fully paid-up preference shares outstanding as of the cut-off date (June 12, 2026) was 1,101,150.
- There were 15 preference shareholders of record as of the notice cut-off date (May 22, 2026).
- The remote e-voting period was open from June 16, 2026, at 09:00 A.M. to June 18, 2026, at 05:00 P.M.
- The class meeting was held on June 19, 2026, through Video Conference (VC)/Other Audio Visual Means (OAVM).
- 13 preference shareholders participated via remote e-voting, casting votes for 980,150 shares. No votes were cast via e-voting at the physical meeting.
- The total votes polled represented 89.01% of the total outstanding preference shares.
- All 980,150 votes cast were in favor of the resolution. There were zero votes against.
- This resulted in 100.00% of the votes polled being in favor of the resolution.
Resolution and Outcome
Resolution 1: TO CONSIDER AND APPROVE THE VARIATION IN THE TERMS OF ISSUE OF 5% REDEEMABLE PREFERENCE SHARES FOR REDUCING THE PERIOD OF REDEMPTION ON THE REQUEST OF RESPECTIVE PREFERENCE SHAREHOLDERS.
The Scrutinizer, Varun Kabra, declared that the special resolution was passed with the requisite majority as of the date of the class meeting (June 19, 2026).
Regulatory and Procedural Context
- The meeting was conducted pursuant to the provisions of Section 108 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014, as amended.
- The process also adhered to SEBI Circular No. CIR/CFD/DIL/6/2012 dated July 13, 2012, as amended.
- The company engaged National Securities Depository Limited (NSDL) as the system provider for the remote e-voting facility and Beetal Financial & Computer Services Pvt. Ltd. as its Registrar and Transfer Agent (RTA).
- The notice of the class meeting was dispatched to all 15 shareholders via email by May 25, 2026. An advertisement was also published in "The Financial Express" and "Rajasthan Patrika" on May 26, 2026.
Financial Impact
Financial impact not quantified in the disclosure. The disclosure pertains to the approval of a change in the contractual terms governing the company's preference share capital.
Next Steps
As per the notice, the result of the class meeting along with this Scrutinizer's Report is to be displayed on the company's website (www.ainfrastructure.com) and on the NSDL website, and communicated to the stock exchange. The physical voting records are to be handed over to the company's chairman/company secretary.
#Tags: #KanoriaEnergy #PreferenceShares #Redemption #ShareholderApproval #SEBIDisclosure #RegulatoryCompliance #CapitalStructure #Neutral