Indian Infotech & Software Ltd shareholders approved all seven resolutions proposed at the company's 44th Annual General Meeting (AGM) held on September 30, 2026. The key approvals included increasing the borrowing power limit to ₹500 crore and raising the cap on related party transactions to ₹250 crore.

The meeting was conducted via Video Conferencing and Other Audio-Visual Means, in compliance with Ministry of Corporate Affairs circulars. Voting results were declared under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer report confirmed that the resolutions passed with the requisite majority.

Key resolutions approved

The shareholders voted on both ordinary and special resolutions covering financial statements, director appointments, and financial limits. All seven items were passed successfully.

Voting patterns and promoter influence

The voting data reveals a significant concentration of power among the promoter group. For most resolutions, promoters and their group held approximately 40.10% of the total shares but cast votes representing nearly 99.99% of the valid votes polled. This indicates that public shareholders exercised minimal voting rights relative to their shareholding.

For Resolution No. 5, which concerned related party transactions, the promoter group's votes were excluded from the count because they were deemed interested parties. Consequently, the resolution was decided solely by public shareholders. In this instance, 88.17% of the valid votes polled were in favor, while 11.83% were against.

What the numbers show

A distinct divergence appears between the aggregate voting results and the public shareholder sentiment when excluding promoter interests. While the overall 'For' vote percentage exceeded 99.98% for six of the seven resolutions, the public-only vote on the related party transaction limit (Resolution 5) showed a notable dissent rate of 11.83%. This suggests that while the promoter group ensures passage of most items, a segment of the public shareholder base expressed reservations about expanding related party transaction limits to ₹250 crore.

Indian Infotech & Software has fixed the book closure period for its 44th Annual General Meeting (AGM) from September 24, 2026, to September 30, 2026. This determines shareholder eligibility for voting on key agenda items.

The company scheduled its 44th AGM for Wednesday, September 30, 2026, at 4:00 pm. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM).

Auditor and Director Appointments

The AGM will seek shareholder approval for the appointment of M/s. SSRV and Associates as statutory auditors for a five-year term from the conclusion of the meeting until the 49th AGM in 2031. This replaces M/s ADV & Associates, whose term expires.

Additionally, shareholders will vote on the appointment of Mr. Yatin Vilas Chaphekar as an Independent Director for five years, effective October 1, 2026. The re-appointment of Ms. Shilpi Chourasiya, who retires by rotation, will also be considered.

Financial Limits and Related Party Transactions

The board proposed increasing the limit for investments, loans, guarantees, and advances to ₹500 crore under Section 186 of the Companies Act, 2013. This special resolution requires shareholder consent.

Similarly, the borrowing power limit was proposed to be increased to ₹500 crore under Section 180(1)(c). The board also approved material related party transactions amounting up to ₹250 crore for FY27, pending shareholder approval.

AGM Logistics and E-Voting

The e-voting period begins on Sunday, September 27, 2026, at 9:00 am and ends on Tuesday, September 29, 2026, at 5:00 pm. Shareholders holding shares as on the record date of September 23, 2026, are eligible to vote.

CS Brajesh Gupta was appointed as Scrutinizer for the e-voting process. Purva Sharegistry (India) Private Limited is facilitating the remote e-voting facility.