Nettlinx shareholders approve reappointment of key directors at AGM

Nettlinx Limited shareholders approved the reappointment of its top leadership and adopted the audited financial results for FY26 at the company’s 33rd Annual General Meeting (AGM) held on August 3, 2026. The meeting, conducted via video conferencing and other audio-visual means, saw strong support from promoter shareholders, with all three ordinary resolutions passing with near-unanimous backing from the voting base.

The AGM commenced at 11:40 a.m. and concluded at 12:20 p.m., with 48 members attending virtually. M/s. Niranjan and Narayan served as statutory auditors, while M/s. Aakanksha Dubey & Co. acted as the scrutinizer for the e-voting process, in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Resolutions Passed

Shareholders voted on three ordinary resolutions. The first resolution concerned the receipt, consideration, and adoption of the Standalone and Consolidated Audited Balance Sheet as at March 31, 2026, along with the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date. This resolution received 10,472,245 votes in favor and only 2 votes against, representing 100% support from the polled votes.

The second resolution sought the reappointment of Rohith Loka Reddy as a director, replacing himself upon retirement by rotation. He secured 10,472,215 votes in favor against 32 votes against. The third resolution approved the reappointment of Venkateswara Rao Narepalem as Executive Director, garnering 10,472,214 votes in favor and 33 votes against.

Voting Participation Breakdown

The total number of shares eligible to vote was 24,176,624, with a record date of July 27, 2026. Out of 7,328 shareholders on record, voting activity was concentrated among promoter groups and a small segment of public non-institutional investors.

Category	Shares Held	Votes Polled	% of Outstanding	Votes In Favor	Votes Against
Promoter Group	12,186,578	10,322,992	84.71%	10,322,992	0
Public – Institutions	1,600	0	0.00%	0	0
Public – Non Institutions	11,988,446	149,255	1.25%	149,222	33
Total	24,176,624	10,472,247	43.32%	10,472,214	33

Promoter shareholders, holding 12,186,578 shares, cast 10,322,992 votes, representing an 84.71% turnout among their holdings. In contrast, public institutional holders did not participate, while public non-institutional holders cast 149,255 votes, reflecting a 1.25% participation rate relative to their shareholding.

What the Numbers Show

The voting pattern highlights significant concentration of influence within the promoter group, which accounted for 98.58% of all valid votes cast. While public non-institutional shareholders showed slight dissent—with 32 to 33 votes against the director reappointments—their impact on the outcome was negligible due to low overall participation. The absence of any invalid votes indicates a smooth execution of the remote e-voting process facilitated by Central Depository Services Limited (CDSL).

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.94%	+0.93%	-5.18%	-14.70%	-41.65%	-53.23%

Nettlinx Ltd has scheduled its 33rd Annual General Meeting (AGM) for August 3, 2026, at 11:30 A.M. via Video Conferencing and Other Audio-Visual Means (OAVM). The Register of Members and Share Transfer Books will remain closed from July 28, 2026, to August 3, 2026, for the purpose of the AGM. The company reported a net loss of ₹454.30 lakh for FY 2025-26, compared to a net profit of ₹568.46 lakh in the previous year, while turnover declined to ₹1208.32 lakh from ₹2271.79 lakh.

AGM Agenda and Governance

Shareholders will consider the adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026. Mr. Rohith Loka Reddy, Managing Director, retires by rotation and is eligible for re-appointment. The special business includes the re-appointment of Mr. Venkateswara Rao Narepalem as Executive Director for a term of five years commencing October 1, 2026, subject to shareholder approval. The meeting is conducted in compliance with SEBI and MCA circulars.

E-Voting and Participation

The company has provided a remote e-voting facility through Central Depository Services (India) Limited. The remote e-voting period commences on July 31, 2026, at 9:00 A.M. IST and ends on August 2, 2026, at 5:00 P.M. IST. The cut-off date for determining eligibility to vote is July 27, 2026. Members who have cast their votes remotely may attend the AGM but shall not be allowed to vote again. M/s. Venture Capital and Corporate Investments Private Limited is the Registrar and Share Transfer Agent.

Financial Performance

The company’s financial performance for FY 2025-26 reflects a downturn compared to the prior year. The explanatory statement attributes the loss to the sale of non-core assets, described as a one-time exceptional item. The Board has recommended remuneration for the Executive Director in accordance with Section 197 and Schedule V of the Companies Act, 2013, despite the company’s non-profitable operations. M/s. Aakanksha Dubey & Co., Practicing Company Secretary, has been appointed as the Scrutinizer for the voting process.