Krsnaa Diagnostics Limited held its 16th Annual General Meeting (AGM) on Monday, September 28, 2026, at its registered office in Pune, Maharashtra. The meeting commenced at 11:00 am and concluded at 12:10 pm, attended by 36 members either in person or through authorised representatives.

The proceedings were chaired by Rajendra Mutha, Chairperson and Whole Time Director, who confirmed the requisite quorum. Sujoy Sudipta Bose, Company Secretary and Compliance Officer, welcomed the attendees and introduced the directors and key executives present on the dais.

Leadership and key personnel attendance

Seven directors were present in person at the venue, including the Managing Director and several independent directors overseeing critical committees such as Audit and Stakeholders Relationship. Key Managerial Personnel (KMPs) also attended the meeting.

Key managerial personnel present

The following Key Managerial Personnel attended the meeting in person:

• Mitesh Dave: Group Chief Executive Officer
• Chandra Prakash Singh: Interim Chief Financial Officer
• Sujoy Bose: Company Secretary and Compliance Officer

Auditor and scrutinizer representation

Representatives from the statutory auditor, secretarial auditor, and cost auditor firms were present to oversee the procedural aspects of the AGM.

The company filed the summary of proceedings with stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Krsnaa Diagnostics shareholders have approved the issuance of up to 16,21,000 warrants convertible into equity shares on a preferential basis to the promoter and promoter group.

The special resolution was passed on September 17, 2026, following a remote e-voting process conducted under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting concluded at 5:00 pm IST, with Dinesh Birla & Associates appointed as the scrutinizer for the process.

Voting Results Breakdown

The resolution received overwhelming support from promoter shareholders while facing significant dissent from institutional investors. A total of 18,671,556 votes were polled out of 32,438,672 outstanding shares, representing a 57.56% participation rate.

Promoter shareholders holding 8,795,605 shares voted unanimously in favor of the proposal. Among public non-institutional shareholders, who hold the largest share base of 17,712,796, support stood at 99.81%. However, institutional investors, holding 5,930,271 shares, showed notable resistance, with 32.44% voting against the resolution.

What the Numbers Show

The divergence in voting behavior highlights a clear split between retail/non-institutional public shareholders and institutional stakeholders. While the promoter group and retail investors backed the capital raise mechanism, nearly one-third of institutional votes opposed the preferential issuance. This suggests potential concerns among larger funds regarding dilution or valuation terms, despite the overall resolution passing with a comfortable majority of 92.69%.

Procedural Compliance

The postal ballot notice was issued on August 13, 2026, with voting commencing on August 18, 2026. The company circulated a corrigendum on August 28, 2026, allowing shareholders to modify prior votes; however, no modification requests were received by the scrutinizer. The process adhered to MCA circulars mandating electronic-only communication, with notices dispatched via email to registered members.