Ikoma Technologies Limited shareholders approved all 12 resolutions proposed at the 32nd Annual General Meeting held on September 30, 2026. The meeting was conducted via video conferencing for the financial year ended March 31, 2026.

The agenda included ordinary business such as the adoption of audited financial statements and the re-appointment of directors retiring by rotation. Special business covered the re-appointment of key managerial personnel and independent directors, along with changes to managerial remuneration.

Key Governance and Operational Approvals

Shareholders voted in favour of re-appointing Mr. Paras Chand Jain as Whole Time Director and fixing his remuneration. The meeting also approved the increase in managerial remuneration for Mr. Rahul Anandrao Bhargav, Managing Director. Several Non-Executive Independent Directors were re-appointed, including Mr. Gopal Lohia, Mr. Mahesh Kumar Nayan Kumar, Mr. Amit Balgotra, Mr. Jatin, and Mr. Anil Kumar Kothari.

Additionally, the board took note of the certificate regarding the change of name from Vuenow Infratech Limited to Ikoma Technologies Limited.

Withdrawal of Preferential Issue

A significant special resolution approved was the withdrawal of a preferential issue involving 59,99,736 equity shares. This issue was originally planned for the shareholders of Mahakal Devcon Limited through a swap of fully paid-up equity shares. The proposal was withdrawn following shareholder approval.

What the Numbers Show

Voting participation remained concentrated among public non-institutional shareholders, who cast approximately 21.2 lakh votes across most resolutions. Promoter and promoter group voting activity was recorded as zero in the detailed tabular disclosures, despite holding 85,15,598 shares. This suggests that the promoter group either abstained from remote e-voting or did not participate in the specific electronic voting records highlighted for these items, while public shareholders drove the approval process with near-unanimous support.

Ikoma Technologies (formerly known as Vuenow Infratech Limited) withdrew its in-principle Rights Issue application and called off the proposed acquisition of M/s ICM Insurance Brokers Private Limited at a board meeting held on September 25, 2026.

Withdrawal of in-principle Rights Issue application

The board of directors considered and approved the withdrawal of the in-principle application for the proposed Rights Issue, which had been filed with the stock exchange on June 8, 2026, under Case No. 270228. The withdrawal was undertaken in view of a proposed revision in the objects and purpose of the Rights Issue, which necessitates filing a fresh in-principle application with the stock exchange. The company cited compliance requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, along with other applicable laws and regulatory requirements, as the basis for this step.

Withdrawal of ICM Insurance Brokers acquisition

The board also approved the withdrawal of the proposed acquisition of M/s ICM Insurance Brokers Private Limited. The acquisition had been intended to be funded through the proceeds of the Rights Issue. Since the Rights Issue application has been withdrawn, the proposed source of funding for the acquisition is no longer available, and accordingly the board approved the withdrawal of the acquisition.

Key decisions at a glance

The following table summarises the two key decisions taken at the board meeting:

The board meeting was held at the company's corporate office at New No. 34, Old No. 77, Division B, III Floor, Maddox Street, Choolai, Vepery, Perambur Purasawalkam, Tamil Nadu 600007. The decisions were communicated to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.