NewsCASHurDRIVE Marketing Limited EGM: All Resolutions Passed with Unanimous Shareholder ApprovalCASHurDRIVE Marketing Limited EGM: All Resolutions Passed with Unanimous Shareholder Approval
CASHurDRIVE Marketing Limited held its EGM on April 30, 2026, via Video Conferencing, with 390 shareholders on record as of April 24, 2026. Both resolutions — approval of Material Related Party Transactions for FY 2026-27 and authorisation under Section 186 of the Companies Act, 2013 for transactions up to ₹100 Crores — were passed with 100% votes in favour. A total of 14 members voted in favour of Resolution 1 with 24,86,010 votes, while 20 members voted in favour of Resolution 2 with 1,24,85,000 votes. No votes were cast against either resolution, and no invalid votes were recorded.
*this image is generated using AI for illustrative purposes only.
CASHurDRIVE Marketing Limited held its Extra-Ordinary General Meeting (EGM) on Thursday, April 30, 2026, at 03:00 P.M. through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was convened pursuant to the EGM Notice dated March 14, 2026, and the voting results along with the Scrutinizer's Report were submitted to the National Stock Exchange of India Limited on May 02, 2026, in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Meeting Attendance and Voting Overview
The record date for the EGM was April 24, 2026, with a total of 390 shareholders on record. Since the meeting was conducted entirely through Video Conferencing, the facility to appoint a proxy was not available. The following table summarises the meeting participation details:
| Parameter: | Details |
|---|---|
| Record Date: | April 24, 2026 |
| Total Shareholders on Record Date: | 390 |
| Promoters & Promoter Group (via VC): | 5 |
| Public Shareholders (via VC): | 4 |
| Total Resolutions Passed: | 2 |
Remote e-voting commenced on Monday, April 27, 2026, at 09:00 A.M. (IST) and concluded on Wednesday, April 29, 2026, at 05:00 P.M. (IST). The Company engaged Bigshare Services Private Limited as the authorised e-voting agency. The total votes cast were unblocked on Friday, May 01, 2026, around 3:40 P.M. (IST) in the presence of two independent witnesses.
Resolutions Passed at the EGM
Two resolutions were placed before the shareholders at the EGM, both of which were passed with requisite majority. The details are as follows:
| Sr. No.: | Resolution: | Type: | Result: |
|---|---|---|---|
| 1. | Approval of Material Related Party Transactions for Financial Year 2026-27 | Ordinary Resolution | Passed with requisite majority |
| 2. | Approval under Section 186 of the Companies Act, 2013 for making loans, giving guarantees, providing securities and making investments up to ₹100 Crores | Special Resolution | Passed with requisite majority |
Resolution 1: Material Related Party Transactions
The first resolution sought approval of Material Related Party Transactions under Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for Financial Year 2026-27. Promoters and Promoter Group were noted as interested parties in this resolution. The voting outcome was as follows:
| Voting Outcome: | Details |
|---|---|
| Members Voted in Favour: | 14 |
| Votes Cast in Favour: | 24,86,010 |
| % of Valid Votes in Favour: | 100% |
| Members Voted Against: | NIL |
| Invalid Votes: | NIL |
The resolution was passed with 100.0000% of votes polled cast in favour and zero votes against.
Resolution 2: Authorisation Under Section 186 of the Companies Act, 2013
The second resolution sought authorisation under Section 186 of the Companies Act, 2013 for making loans, giving guarantees, providing securities, and making investments up to ₹100 Crores. This was a Special Resolution, and the Promoter and Promoter Group were not noted as interested parties. The voting outcome was as follows:
| Voting Outcome: | Details |
|---|---|
| Members Voted in Favour: | 20 |
| Votes Cast in Favour: | 1,24,85,000 |
| % of Valid Votes in Favour: | 100% |
| Members Voted Against: | NIL |
| Invalid Votes: | NIL |
The resolution was passed with 100.0000% of votes polled cast in favour, with no votes against and no invalid votes recorded.
Scrutinizer's Report
Vivek Rawal, Proprietor of M/s. Rawal & Co., Company Secretaries, Gurugram, was appointed as Scrutinizer by the Board of Directors in their meeting held on March 14, 2026. The Scrutinizer's Report, submitted on May 02, 2026, confirmed that both resolutions were passed with requisite majority. The EGM notice was published in Financial Express and Jansatta on April 01, 2026. All electronic data and relevant records of remote e-voting and e-voting at the EGM were handed over to the Chairman authorised by the Board for safe keeping. The voting results and Scrutinizer's Report are available on the Company's website at www.cashurdrive.com and on the website of the National Stock Exchange of India Limited.
How will CASHurDRIVE Marketing Limited deploy the ₹100 Crore authorization for loans, guarantees, and investments, and which sectors or entities are likely to be targeted?
What are the specific nature and scale of the Material Related Party Transactions approved for FY 2026-27, and could they raise corporate governance concerns given promoter involvement?
With only 390 shareholders on record and minimal EGM participation, what does the company's low shareholder base indicate about its market liquidity and future capital-raising prospects?
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