Bodhtree Consulting AGM resolutions pass with 99.99% shareholder support
- Shareholders approved name change and preferential share issue at 44th AGM
- All five resolutions passed with 99.99% voting support
- Promoters cast 4 million votes in favour; public participation was 4.76%
- Prashanth Mitta re-appointed as Whole-time Director
- Audited standalone financials for FY26 adopted without qualification
*this image is generated using AI for illustrative purposes only.
Bodhtree Consulting Limited shareholders overwhelmingly approved a change in the company’s name and a preferential share issue at its 44th Annual General Meeting (AGM) held on September 9, 2026.
The virtual meeting, conducted via Video Conferencing (VC) / Other Audio Video Means (OAVM) from Hyderabad, concluded at 12:50 pm. Members also adopted the audited standalone financial statements for the fiscal year ended March 31, 2026, and re-appointed Prashanth Mitta as Whole-time Director.
Key Resolutions Passed
The AGM addressed both ordinary and special business items. The statutory auditors’ report contained no qualifications or adverse remarks. However, the secretarial auditors’ report included certain qualifications and remarks, which the Board noted along with management replies.
The following resolutions were put to vote:
| Resolution Type | Details |
|---|---|
| Ordinary | Adoption of audited standalone financial statements for FY26 |
| Ordinary | Re-appointment of Prashanth Mitta as Whole-time Director |
| Special | Alteration of Object Clause in Memorandum of Association |
| Special | Change of Company Name and consequential amendments to MoA and AoA |
| Special | Preferential issuance of up to 23,52,940 equity shares (face value ₹10 each) to non-promoter investors for cash |
Voting Results
Voting was conducted through remote e-voting from September 6, 2026, to September 8, 2026, and via Insta Poll during the meeting. Central Depository Services (India) Limited (CDSL) facilitated the voting process. Scrutinizer RPR & Associates reported that all five resolutions passed with requisite majority.
Total votes polled stood at 42,78,852 for the financial statements resolution, representing 19.57% of outstanding shares. Promoters voted 4,000,000 shares (100% in favour), while public non-institutional shareholders voted 2,78,852 shares, with 99.99% in favour.
Resolution-wise Breakdown
| Resolution | Total Votes Polled | Votes In Favour | % In Favour | Status |
|---|---|---|---|---|
| Adoption of Financial Statements | 42,78,852 | 42,78,849 | 99.9999% | Passed |
| Re-appointment of WTD | 42,65,871 | 42,65,868 | 99.9999% | Passed |
| Alteration of Object Clause | 42,78,852 | 42,78,849 | 99.9999% | Passed |
| Change of Company Name | 42,78,852 | 42,78,849 | 99.9999% | Passed |
| Preferential Share Issue | 42,78,852 | 42,78,849 | 99.9999% | Passed |
Attendees and Governance
The meeting was chaired by Independent Director Sreenivasa Rao Ravinuthala. A total of 64 members attended, comprising one promoter group representative and 63 public shareholders.
Five directors were present via video conferencing:
- Prashanth Mitta (Whole-time Director & CEO)
- Sreenivasa Rao Ravinuthala (Independent Director & Chairman)
- Maruti Venkata Subba Rao Poluri (Independent Director & Chairman of Audit Committee)
- Kotla Nirvigna (Executive Director)
- Santosh Kumar Vangapally (Whole-time Director)
Key Managerial Personnel (KMPs) present included Vidhi Sharma (Company Secretary and Compliance Officer) and Bhanu Dinesh Alava (Chief Financial Officer). Statutory Auditors RSM & Associates and Secretarial Auditors RPR & Associates were also in attendance.
Historical Stock Returns for Bodhtree Consulting
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.66% | +12.06% | +4.12% | -17.12% | -57.03% | -28.33% |
What specific strategic objectives or business expansions are driving Bodhtree Consulting's alteration of its Memorandum of Association object clauses?
How will the capital raised from the preferential share issue of up to 23.5 lakh equity shares be allocated to enhance the company's competitive position in the consulting sector?
Given the qualifications noted in the secretarial auditors' report, what corrective measures has the Board implemented to address compliance gaps and prevent future regulatory issues?
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