ERP Soft Systems passes all four resolutions at 32nd AGM
- ERP Soft Systems held its 32nd AGM on September 29, 2026, via video conference
- All four resolutions, including financial adoption and director appointments, were passed
- Voting turnout represented 47.16% of outstanding shares with minimal dissent
- New directors Kameswara Rao Anapu and Duvvuru Venkata Sivakumar Reddy were appointed
*this image is generated using AI for illustrative purposes only.
ERP Soft Systems Limited concluded its 32nd Annual General Meeting on September 29, 2026, with all four proposed resolutions passing successfully. The meeting, held via video conference, saw the adoption of the audited financial statements for FY26 and the appointment of new directors.
The proceedings commenced at 10:00 am and concluded at 10:10 am. A total of 12 members attended the meeting through video conferencing. The quorum was satisfied, allowing the Company Secretary to proceed with the agenda items as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key resolutions adopted
The shareholders voted on two ordinary resolutions and two special resolutions. The first ordinary resolution involved receiving, considering, and adopting the Audited Balance Sheet as at March 31, 2026, along with the Statement of Profit & Loss and cash flow statement for the year ended on that date. This included the consolidated financial statements and reports from the Auditors and Directors.
The second ordinary resolution concerned the reappointment of Mrs. Kallurupalli Parvathi Reddy as a director. She retired by rotation during the meeting and offered herself for reappointment, which was approved by the members.
Board composition changes
Two special resolutions were passed to alter the board composition. Mr. Kameswara Rao Anapu was appointed as an Independent Director. Additionally, Mr. Duvvuru Venkata Sivakumar Reddy was appointed as a Non-Executive Director. These appointments reflect strategic additions to the company’s governance structure.
Voting results
The voting process was conducted electronically via remote e-voting and e-voting at the meeting. S.S. Reddy & Associates served as the Scrutinizer. The results indicate strong shareholder support across all categories, with promoters voting in favor of all resolutions and public shareholders showing near-unanimous approval.
| Resolution | Type | Votes in Favour | Votes Against | Result |
|---|---|---|---|---|
| Adoption of Financial Statements | Ordinary | 18,67,402 | 4 | Passed |
| Reappointment of MD | Ordinary | 18,67,402 | 4 | Passed |
| Appointment of Independent Director | Special | 18,67,402 | 4 | Passed |
| Appointment of Non-Executive Director | Special | 18,67,402 | 4 | Passed |
The total number of votes polled was 18,67,406, representing 47.16% of the outstanding shares. Public non-institutional shareholders cast 15,47,406 votes, with only 4 votes against any resolution. Promoter group votes stood at 3,20,000, all in favour.
Historical Stock Returns for Erp Soft Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | +59.93% | -29.76% | 0.0% |
How will the addition of new Independent and Non-Executive Directors influence ERP Soft Systems' strategic direction and governance standards in the upcoming fiscal year?
What specific operational or financial performance metrics from the FY26 audited statements are expected to drive investor sentiment following their adoption?
Given the low shareholder turnout of 47.16%, what measures might the company implement to enhance retail investor engagement in future annual general meetings?
20
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
