C2C Advanced Systems EGM: Shareholders Approve Related Party Transactions for FY 2026-27
C2C Advanced Systems held its 1st EGM for FY 2026-27 on May 7, 2026, via VC/OAVM, where shareholders approved material related party transactions for FY 2026-27 as an ordinary resolution. Out of 16,968,433 total shares, 2,373,354 votes were polled (13.99%), with 2,366,454 votes (99.71%) in favour and 6,900 votes (0.29%) against. The scrutinizer's consolidated report was submitted by M/s K K V K & Associates and filed with stock exchanges pursuant to Regulation 44 of SEBI (LODR) Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
C2C Advanced Systems held its 1st Extra Ordinary General Meeting (EGM) for the fiscal year 2026-27 on Thursday, May 7, 2026. The meeting commenced at 05:00 PM and was conducted through Video Conferencing and Other Audio Visual Means (VC/OAVM) in compliance with regulatory circulars issued by the Ministry of Corporate Affairs (MCA). The proceedings were overseen by Mr. Manjeet Singh, the Company Secretary, who welcomed the members and confirmed the availability of the remote participation facility.
The meeting was chaired by Mr. Narendra Subrahmanya Srinivasa Lanka. The board was well-represented, with attendance from Ms. Laxmi Chandra (Managing Director), Mr. Murtaza Ali Soomar (Whole-Time Director), and other directors including Ms. Maya Chandra and Ms. Neha Gupta. Key executives such as Mr. Ganapathy Subramanian (Chief Financial Officer) and Mr. Krishna Chandra (Chief Mentor and Head of Strategies) were also present.
Special Business
The EGM contained one special business item — approval of material related party transactions for FY 2026-27. The resolution was passed as an Ordinary Resolution via remote e-voting and e-voting during the EGM.
| Agenda Item | Resolution Type | Status |
|---|---|---|
| Approval of Material Related Party Transactions for FY 2026-27 | Ordinary Resolution | Passed |
E-Voting Process
The e-voting facility was provided by MUFG Intime India Private Limited (formerly Link Intime India Private Limited). Remote e-voting remained open from Monday, May 4, 2026 (9:00 AM IST) to Wednesday, May 6, 2026 (5:00 PM IST). Members holding shares as on the cut-off date of Thursday, April 30, 2026, were entitled to vote. An Instapoll facility was also available for 15 minutes during the EGM for members who had not voted through remote e-voting. M/s K K V K & Associates, Practicing Chartered Accountant, was appointed as the Scrutinizer to oversee the e-voting process in a fair and transparent manner.
Consolidated Voting Results
Pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Scrutinizer's consolidated report was submitted by Krishan Kumar (Membership No. 570959), Partner of M/s K K V K & Associates. The following table presents the category-wise voting outcome for the resolution on approval of material related party transactions for FY 2026-27:
| Category | Mode of Voting | Shares Held | Votes Polled | % Votes Polled | Votes in Favour | Votes Against | % in Favour | % Against |
|---|---|---|---|---|---|---|---|---|
| Promoter & Promoter Group | E-Voting | 6,263,206 | 1,002,000 | 15.9982 | 1,002,000 | 0 | 100.0000 | 0.0000 |
| Promoter & Promoter Group | Total | 6,263,206 | 1,002,000 | 15.9982 | 1,002,000 | 0 | 100.0000 | 0.0000 |
| Public Institutions | Total | 551,517 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 |
| Public Non-Institutions | E-Voting | 10,153,710 | 1,338,154 | 13.1790 | 1,338,154 | 0 | 100.0000 | 0.0000 |
| Public Non-Institutions | Poll | 10,153,710 | 33,200 | 0.3270 | 26,300 | 6,900 | 79.2169 | 20.7831 |
| Public Non-Institutions | Total | 10,153,710 | 1,371,354 | 13.5060 | 1,364,454 | 6,900 | 99.4968 | 0.5032 |
| Grand Total | 16,968,433 | 2,373,354 | 13.9869 | 2,366,454 | 6,900 | 99.7093 | 0.2907 |
Resolution-wise Voting Summary
The table below summarises the votes cast in favour of and against the resolution on approval of related party transactions:
Votes in Favour:
| Mode of Voting | Members Voted | Votes Cast in Favour | % of Valid Votes |
|---|---|---|---|
| Remote E-Voting | 25 | 23,40,154 | 99.7092% |
| E-Voting at EGM (Instapoll) | 4 | 26,300 | — |
| Total | 29 | 23,66,454 | — |
Votes Against:
| Mode of Voting | Members Voted | Votes Cast Against | % of Valid Votes |
|---|---|---|---|
| Remote E-Voting | — | — | 0.2907% |
| E-Voting at EGM (Instapoll) | 1 | 6,900 | — |
| Total | 1 | 6,900 | — |
The session concluded at 05:08 PM with a vote of thanks by Manjeet Singh, who expressed gratitude to the shareholders and panel members for their attendance. The Scrutinizer's report along with consolidated voting results has been filed with the Stock Exchanges and will be hosted on the company's website at www.c2c-as.com , as required under Regulation 44 of SEBI (LODR) Regulations, 2015.
Historical Stock Returns for C2C Advanced Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.93% | -3.02% | -25.38% | -33.48% | -33.84% | -24.21% |
What is the nature and scale of the material related party transactions approved for FY 2026-27, and could they create potential conflicts of interest given the family connections among key executives?
How might the notably low voter participation rate of approximately 14% among total shareholders impact the legitimacy and governance perception of C2C Advanced Systems among institutional investors?
Given that public institutional shareholders cast zero votes despite holding 551,517 shares, what does this signal about institutional confidence in C2C Advanced Systems' governance practices?
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
