Innova Captab Limited shareholders approved all ten resolutions proposed at the company's 22nd Annual General Meeting (AGM), held virtually on September 30, 2026. The meeting saw significant institutional opposition to certain director re-appointments, notably for the Chairman and Whole-Time Director.

The AGM was conducted through video conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars. The scrutinizer’s report, submitted on October 2, 2026, confirmed that all ordinary and special resolutions were passed with the requisite majority.

Key Governance Approvals

The board received approval for the re-appointment of several key personnel. Mr. Manoj Kumar Lohariwala was re-appointed as Whole-Time Director for a five-year term effective March 18, 2027, with an annual remuneration of ₹25 million. Similarly, Mr. Vinay Lohariwala was re-appointed as Managing Director for a five-year term on identical remuneration terms.

Independent directors Mr. Sudhir Kumar Bassi, Ms. Priyanka Dixit, Mr. Mahendar Korthiwada, and Mr. Shirish Gundopant Belapure were also re-appointed for second terms of five years. Mr. Jayant Vasudeo Rao was re-appointed as a Non-Executive Director.

Voting Patterns and Institutional Dissent

While all resolutions passed, voting data reveals a divergence between promoter and institutional shareholder sentiment. Promoters and their group voted unanimously in favor of all resolutions. However, public institutions cast substantial votes against the re-appointment of executive directors.

For the re-appointment of Mr. Manoj Kumar Lohariwala (Resolution 5), institutions voted against the resolution with 29.34% of their polled votes opposing it. A similar pattern emerged for Mr. Vinay Lohariwala (Resolution 6), where 28.87% of institutional votes were cast against. In contrast, non-institutional public shareholders largely supported these appointments, with opposition rates below 0.01%.

What the Numbers Show

The voting results highlight a clear split in governance preferences. While routine matters like financial statement adoption (Resolution 1) and auditor re-appointment (Resolution 3) saw near-unanimous support from all categories, executive compensation and tenure decisions faced specific pushback from institutional investors. Notably, the re-appointment of Mr. Sudhir Kumar Bassi as Independent Director (Resolution 7) faced the highest institutional opposition among independent directors, with 50.59% of institutional votes against, though the resolution still passed due to overwhelming promoter support.

Innova Captab shares flagged a large-trade signal on BSE, with approximately 1,800,000 shares changing hands at ₹1080.00, amounting to a combined value of ₹194.40 crore.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Large-trade signal details

The activity was flagged by a real-time trade-scanning system, reflecting a cluster of trades in Innova Captab shares printed within a short window at or near ₹1080.00, for a combined value as stated. The signal is based on trade-level data and has not been confirmed or reported by the exchange.

The key parameters of the flagged activity are summarised below:

No buyer, seller, broker, or client identity is known at this stage. Such information, if applicable, would only be disclosed by the exchange after market close through its official reporting mechanism.

What this signal is, and is not

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.