3C IT Solutions AGM approves financials and director reappointments
- All four resolutions passed at the 11th AGM held on September 30, 2026
- Promoters voted 100% in favor of all agenda items
- Public shareholders opposed remuneration revisions with 66.66% against
- Total votes polled represented 52.27% of outstanding share capital
*this image is generated using AI for illustrative purposes only.
3C IT Solutions & Telecoms (India) Ltd shareholders unanimously approved all four resolutions passed at the company's 11th Annual General Meeting (AGM), held virtually on September 30, 2026. The meeting concluded with zero votes cast against any of the agenda items, reflecting full consensus among participating members.
The resolutions included the adoption of audited financial statements for the year ended March 31, 2026, and the reappointment of Ms. Gurpreet Kaur Jaggi as a non-executive director retiring by rotation. Additionally, special resolutions regarding the revision in remuneration for Managing Director Ranjit Kulladhaja Mayengbam and Executive Director Gangarani Devi Mayengbam were also passed.
Voting participation details
The AGM was conducted through video conferencing and other audio-visual means. Out of 647 shareholders on the record date, nine individuals participated via video conferencing: two from the promoter group and seven from the public category. No shareholders attended in person or through proxies.
| Metric | Value |
|---|---|
| Record Date | September 23, 2026 |
| Total Shareholders | 647 |
| Promoter Shares Held | 3,110,396 |
| Public Non-Institutional Shares | 2,909,604 |
| Total Outstanding Shares | 6,020,000 |
Resolution outcomes
All four resolutions received 100% support from the votes polled on ordinary items. For the two special resolutions concerning remuneration revisions, while the overall outcome was positive, there was a divergence in voting patterns between promoters and public shareholders.
Promoters voted 100% in favor of all resolutions. Public non-institutional shareholders, who cast votes on 36,003 shares, supported the financial statements and director reappointment with 100% approval. However, for the remuneration revisions, public shareholders split their votes: 33.34% voted in favor, while 66.66% voted against.
Despite the opposition from public holders, the resolutions passed due to the significant voting weight held by the promoter group. The total votes polled across all categories amounted to 3,146,399, representing 52.27% of the total outstanding share capital.
What the numbers show
A clear concentration of control is evident in the voting structure. The promoter group holds 51.67% of the total outstanding shares (3,110,396 out of 6,020,000). This majority stake ensures that any resolution supported by promoters will pass regardless of public shareholder sentiment. In the case of the remuneration revisions, even though two-thirds of the participating public votes were against the proposal, the aggregate result remained 99.24% in favor because the promoter block outweighed the dissenting public votes.
Historical Stock Returns for 3C IT Solutions & Telecoms
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.36% | +3.23% | -8.31% | +3.56% | -20.00% | -64.57% |
How might the significant dissent from public shareholders regarding executive remuneration impact the company's future corporate governance ratings?
Will the low shareholder participation rate of approximately 1.4% trigger regulatory scrutiny or calls for improved investor engagement mechanisms?
What specific performance metrics will justify the revised remuneration packages for the Managing and Executive Directors in the coming fiscal year?
19
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
