Cranes Software International Limited concluded its 41st Annual General Meeting on September 30, 2026, with all proposed resolutions passing successfully. The meeting, held via video conferencing, saw shareholders approve key governance and operational matters for the fiscal year ended March 31, 2026.

Key Governance Decisions

The most significant approval was the re-appointment of Asif Khader as Managing Director and Chairman for a period of five years. This special resolution received overwhelming support, with 99.99% of valid votes cast in favor. The vote count showed 3,91,33,676 votes in favor against just 752 votes against.

Additionally, shareholders approved the redesignation of Akthar Begum from Independent Director to Non-Executive, Non-Independent Director. This resolution also saw high support, with 99.98% of votes in favor. A related party transaction was also approved by 99.99% of voting members.

Voting Results Overview

The company disclosed detailed voting results pursuant to SEBI (LODR) Regulations. Out of 40,509 shareholders on record, participation was concentrated among promoters and select public shareholders. The table below summarizes the voting outcomes for the key resolutions:

Scrutinizer Report Details

Mehul Jain & Associates served as the scrutinizer for the e-voting process managed by Central Depository Services Limited (CDSL). Remote e-voting remained open from September 27 to September 29, 2026. The final results were unblocked and verified on October 1, 2026, in the presence of two witnesses not employed by the company.

Notably, for the re-appointment of the Managing Director and the related party transaction, one member’s votes totaling 4,00,00,000 were declared invalid. Despite this exclusion, the remaining valid votes overwhelmingly supported both resolutions.

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.