Cranes Software International Limited held its 41st Annual General Meeting (AGM) on September 30, 2026, via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting focused on adopting financial statements for FY26 and approving key leadership changes.

The proceedings commenced at 1:45 pm with CFO Manjunath welcoming attendees. Director Asif Khader took the chair, declared the quorum, and opened the session. Due to a qualified audit report, Manjunath read out the auditors' observations alongside management replies. Secretarial Auditor M/s Kedarnath & Karthik also presented key qualifications from their report.

Resolutions and Voting Process

The company utilized remote e-voting facilities provided by NSDL for all resolutions. The following business items were tabled for approval:

Governance Updates

The re-appointment of Asif Khader as Managing Director and Chairman for a five-year term was proposed via a special resolution. Additionally, the board sought approval to redesignate Akthar Begum from Independent Director to Non-Executive, Non-Independent Director. A related party transaction was also put to vote under special resolution guidelines.

Director Mueed Khader proposed the vote of thanks. The meeting concluded at 2:15 pm after allowing shareholders a 15-minute window for final e-voting. Results will be declared upon receipt of the Scrutinizer’s report.

Shareholders of Cranes Software International have approved the appointment of Manoj Bawa as an independent director. The resolution was passed as a special resolution following a remote e-voting process conducted between August 10 and September 8, 2026.

The voting results were declared on September 9, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mehul Jain & Associates served as the scrutinizer for the process, which was facilitated by Central Depository Services (India) Limited.

Voting Breakdown

The appointment received overwhelming support from equity shareholders holding shares as of the cut-off date of August 7, 2026. The detailed voting statistics are outlined below:

A total of 87 members voted in favour of the resolution, while seven members voted against it. No invalid votes were recorded during the e-voting period.

Governance Compliance

The company confirmed that the voting process adhered to Sections 108 and 110 of the Companies Act, 2013, along with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The unblocking of votes occurred in the presence of two independent witnesses, Nikunj Jain and Lavish R Singhvi.

Director Mueed Khader authorized the disclosure, noting that the scrutinizer’s report and voting results are available on the company’s website.