Event Overview

Safa Systems & Technologies Limited conducted its 5th Annual General Meeting (AGM) on Friday, September 11, 2026, scheduled at 03:30 PM (IST) and commenced at 03:34 PM (IST) through Video Conferencing/Other Audio-Visual Means. The meeting concluded at 03:45 PM (IST).

The AGM was conducted pursuant to Section 108 and other applicable provisions of the Companies Act, 2013, read with Rule 20 of Companies (Management and Administration) Rules, 2014 and Regulation 44 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Voting Results Summary

All 14 resolutions proposed at the AGM were passed with 100% votes in favor. The record date for determining voting rights was Friday, September 04, 2026.

Total shareholders on record date: 251

Shareholders attending through VC: 13 (5 Promoters/Promoter Group + 8 Public)

Total votes cast across all resolutions: 15,440,700 shares represented by 18 members

Detailed Resolution Results

Ordinary Business

ITEM 1: Adoption of Audited Standalone Financial Statements for FY2026

  • Resolution Type: Ordinary
  • Votes in Favor: 15,440,700 (100%)
  • Votes Against: 0
  • Invalid Votes: 0

ITEM 2: Adoption of Audited Consolidated Financial Statements for FY2026

  • Resolution Type: Ordinary
  • Votes in Favor: 15,440,700 (100%)
  • Votes Against: 0
  • Invalid Votes: 0

ITEM 3: Re-appointment of Mr. Bavaraparambil Abdhulkadher Hydrose (DIN: 01390977)

  • Resolution Type: Ordinary
  • Votes in Favor: 14,259,450 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: Yes

Special Business

ITEM 4: Re-appointment of Mr. Sankaranarayanan Nair Sreejith (DIN: 09250652) as Independent Director

  • Resolution Type: Special
  • Votes in Favor: 15,440,700 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: No

ITEM 5: Re-appointment of Mr. Bengolan Anilkumar (DIN: 09248528) as Independent Director

  • Resolution Type: Special
  • Votes in Favor: 15,440,700 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: No

ITEM 6: Shifting of Registered Office from Kerala to National Capital Territory of Delhi

  • Resolution Type: Special
  • Votes in Favor: 15,440,700 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: No

ITEM 7: Borrowing Power up to ₹500 Crores under Section 180(1)(c)

  • Resolution Type: Special
  • Votes in Favor: 15,440,700 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: No

ITEM 8: Increase in Limits for Creating Charge on Assets under Section 180(1)(a)

  • Resolution Type: Special
  • Votes in Favor: 15,440,700 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: No

ITEM 9: Waiver for Recovery of Excess Managerial Remuneration paid to Mr. Faizal Bavaraparambil Abdul Khader (DIN: 07729191) for April 1, 2024 to March 31, 2026

  • Resolution Type: Special
  • Votes in Favor: 12,556,700 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: Yes

ITEM 10: Waiver for Recovery of Excess Managerial Remuneration paid to Ms. Sruthi Muhammed Ali (DIN: 09237016) for April 1, 2024 to March 31, 2026

  • Resolution Type: Special
  • Votes in Favor: 13,890,250 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: Yes

ITEM 11: Payment of Managerial Remuneration in Excess of Limits under Section 197

  • Resolution Type: Special
  • Votes in Favor: 9,825,000 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: Yes

ITEM 12: Increase in Remuneration of Mr. Faizal Bavaraparambil Abdul Khader (DIN: 07729191), Managing Director

  • Resolution Type: Special
  • Votes in Favor: 12,556,700 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: Yes

ITEM 13: Increase in Remuneration of Ms. Sruthi Muhammed Ali (DIN: 09237016), Non-Executive Director

  • Resolution Type: Special
  • Votes in Favor: 13,890,250 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: Yes

ITEM 14: Issuance of Equity Shares on Preferential Basis

  • Resolution Type: Special
  • Votes in Favor: 6,281,250 (100%)
  • Votes Against: 0
  • Invalid Votes: 0
  • Promoter group interest: Yes

Shareholding Pattern & Voting Participation

Total Paid-up Equity Share Capital: 24,977,550 shares

Promoter & Promoter Group:

  • Shares held: 11,077,550 (44.35%)
  • Votes polled: Varied by resolution (10.66% to 93.35% participation)

Public Institutions:

  • Shares held: 0
  • Votes polled: 0

Public Non-Institutions:

  • Shares held: 13,900,000 (55.65%)
  • Votes polled: 5,100,000 (36.69% participation)

Scrutinizer Details

Name: Amit Saxena

Firm: Amit Saxena & Associates

Qualification: CS

Membership Number: A29918

Appointment Date: August 19, 2026

Report Issuance Date: September 11, 2026

Invalid Votes

Invalid votes were recorded across various resolutions:

  • Promoter & Promoter Group: 1-7 votes invalid across resolutions
  • Public Non-Institutions: 11 votes invalid across resolutions
  • Public Institutions: 0 invalid votes

Notes

  • The scrutinizer's report confirms all resolutions passed with requisite majority
  • No votes were cast against any resolution
  • The company is not currently listed on NSE or MSEI (shown as NOTLISTED)
  • No physical poll was conducted during the meeting