ObjectOne Information Systems 30th AGM passes all 4 resolutions
- All four resolutions at ObjectOne Information Systems' 30th AGM held on September 30, 2026 were passed with 99.9983% votes in favour
- Total votes polled stood at 3,128,558, representing 32.46% of total outstanding shares of 9,638,211
- Votes in favour across all resolutions totalled 31,28,504, with only 54 votes against and zero invalid votes
- Resolutions covered adoption of FY26 financial statements, re-appointment of Himabindu Kantamneni as director, appointment of Muttuluri Narsimhappa as Independent Director, and revision in remuneration of Managing Director Ravi Shankar Kantamneni
- Remote e-voting ran from September 27 to September 29, 2026, with Manish Kumar Singhania of MKS and Associates serving as Scrutinizer
*this image is generated using AI for illustrative purposes only.
ObjectOne Information Systems Ltd held its 30th Annual General Meeting on September 30, 2026, at its registered office in Hyderabad, passing all four resolutions with an overwhelming majority of 99.99% votes in favour.
The meeting was chaired by Ravi Shankar Kantamneni, Managing Director, and commenced at 11:00 am, concluding at 11:45 am. Ramesh Kode served as Vice-Chairperson for specific agenda items. The record date for voting eligibility was September 23, 2026, with a total of 3,975 shareholders on record. Of these, 2 promoter and promoter group shareholders and 20 public shareholders attended in person or through proxy, while no shareholders attended via video conferencing.
Agenda items and resolutions
The Company Secretary read out the four agenda items contained in the Notice of the 30th AGM. Members were given the opportunity to raise queries, which were addressed by the Chairman. The following ordinary and special business items were considered and passed:
- Adoption of audited standalone financial statements for the financial year ended March 31, 2026.
- Re-appointment of Himabindu Kantamneni as a Director liable to retire by rotation.
- Appointment of Muttuluri Narsimhappa as an Independent Director.
- Revision in remuneration of Ravi Shankar Kantamneni, Managing Director and Promoter.
Audit reports and compliance
The Statutory Auditors' Report and Secretarial Audit Report were taken as read with member approval. The Chairman noted that there were no qualifications in the Statutory Auditors' Report provided by P. Murali & Co., Chartered Accountants. Qualifications raised by the Secretarial Auditor were read out by the Company Secretary, and the company stated these observations had been appropriately addressed in the Board's Report.
Voting results
Voting was conducted via remote e-voting from September 27 to September 29, 2026, and by ballot during the meeting for those who had not voted remotely. Manish Kumar Singhania of MKS and Associates, a Practicing Company Secretary, was appointed as Scrutinizer for the voting process, having been appointed by the Board on August 13, 2026. The Scrutinizer's Report was issued on September 30, 2026. The remote e-voting opened at 9:00 am on September 27, 2026 and remained open up to 5:00 pm on September 29, 2026. The votes on remote e-voting were unblocked at around 4:05 pm on September 30, 2026, after conclusion of voting at the AGM.
All four resolutions were passed. The overall voting summary across all resolutions is presented below:
| Parameter | Details |
|---|---|
| Total shareholders on record date | 3,975 |
| Total shares | 9,638,211 |
| Total votes polled | 3,128,558 |
| % votes polled on outstanding shares | 32.46% |
| Total votes in favour | 3,128,504 |
| Total votes against | 54 |
| % votes in favour on votes polled | 99.9983% |
| % votes against on votes polled | 0.0017% |
The detailed resolution-wise voting breakdown is as follows:
| Resolution | Type | Description | Votes in favour | Votes against | Result |
|---|---|---|---|---|---|
| Resolution 1 | Ordinary | Adoption of audited financial statements for FY ended March 31, 2026 | 31,28,504 | 54 | Passed |
| Resolution 2 | Ordinary | Re-appointment of Himabindu Kantamneni as Director liable to retire by rotation | 31,28,504 | 54 | Passed |
| Resolution 3 | Special | Appointment of Muttuluri Narsimhappa as Independent Director | 31,28,504 | 54 | Passed |
| Resolution 4 | Special | Revision in remuneration of Ravi Shankar Kantamneni, Managing Director and Promoter | 31,28,504 | 54 | Passed |
For each resolution, the promoter and promoter group (holding 2,171,138 shares) voted 100% in favour via e-voting, while the public non-institutions category (holding 7,467,073 shares) polled 957,420 votes, of which 957,366 were in favour and 54 against. There were no invalid votes recorded across any category for any resolution. The Chairman authorised the announcement of voting results along with the Scrutinizer's Report within 48 hours of the meeting's conclusion.
Historical Stock Returns for ObjectOne Information Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +13.06% | +15.41% | +25.04% | -16.68% | +23.65% |
How will the revised remuneration package for Managing Director Ravi Shankar Kantamneni impact ObjectOne's operating margins and cash flow in the upcoming fiscal year?
What specific strategic expertise does newly appointed Independent Director Muttuluri Narsimhappa bring to address the company's future growth objectives?
Given the low public shareholder turnout, what measures is the board planning to enhance minority shareholder engagement and governance transparency in future meetings?
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