Croissance Limited submitted the voting results and scrutinizer report for its 32nd Annual General Meeting (AGM), held on September 30, 2026. The company reported that all four resolutions proposed at the meeting were passed by shareholders.

The AGM was conducted via video conferencing and other audio-visual means. A total of 30 shareholders participated through video conferencing, comprising seven from the promoter group and 23 from the public category. No shareholders attended in person or through proxy. The record date for determining eligibility to vote was September 23, 2026.

Voting Participation and Results

The total number of shareholders on the record date stood at 12,432. However, actual participation was limited, with only 11,076,621 votes polled out of the total outstanding shares of 68,548,000. This represents a voting turnout of approximately 16.16% of the total share capital.

The promoter and promoter group, holding 32,244,137 shares, cast votes for 10,612,356 shares, accounting for 32.91% of their holdings. Public non-institutional shareholders, holding 36,303,863 shares, voted on 464,265 shares, representing a mere 1.28% of their total holdings. Institutional public shareholders did not cast any votes.

Key Resolutions Approved

Shareholders approved the adoption of the standalone and consolidated audited balance sheets as at March 31, 2026, along with the statement of profit and loss and cash flow statements for FY26. The meeting also ratified the re-appointment of Hemant Bahri as a director, who retired by rotation and offered himself for re-election.

Additionally, the board received approval for the appointment of statutory auditors to fill a casual vacancy and for a five-year term. The most significant corporate action approved was the special resolution for the conversion of loans into equity shares, indicating a potential shift in the company's capital structure.

What the Numbers Show

A stark divergence exists between shareholder count and voting power concentration. While there were 12,432 registered shareholders, only 34 members voted remotely, and just three voted during the live AGM. The promoter group's vote share (10.6 million votes) vastly outweighs the public non-institutional vote share (0.46 million votes). Consequently, the outcome of all resolutions was determined almost entirely by the promoter group, with public dissent limited to negligible margins of 20-22 votes against specific resolutions.

Croissance Limited has closed its trading window for securities dealing starting October 1, 2026. The closure remains in effect until 48 hours after the declaration of un-audited financial results for the quarter and half-year ended September 30, 2026.

This action is taken pursuant to the company's Code of Conduct for Prevention of Insider Trading, adopted under SEBI (Prohibition of Insider Trading) Regulations, 2015. The restriction applies to all designated persons, their immediate relatives, and connected persons covered by the code.

Compliance Details

The notification was submitted to BSE Limited on September 29, 2026. Sravan Prabhakar Veledandi, Managing Director of Croissance Limited, signed the communication digitally. The closure ensures that no sensitive price-sensitive information is traded upon during the critical period preceding the release of the company's second-quarter fiscal year 2027 performance metrics.